Match Group Inc (MTCH)
Quick ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 862,440 | 706,881 | 732,567 | 569,879 | 572,395 | 390,641 | 463,686 | 912,434 | 815,384 | 511,311 | 236,460 | 845,696 | 739,164 | 398,884 | 129,294 | 791,321 | 465,676 | 366,447 | 266,374 | 2,217,340 |
| Short-term investments | US$ in thousands | 6,200 | 5,936 | 8,349 | 8,448 | 8,723 | 7,678 | 9,240 | 8,663 | 11,818 | 11,874 | 12,453 | — | 0 | 347,976 | — | 69,912 | 19,993 | 314,348 | 323,498 | 40,848 |
| Receivables | US$ in thousands | 298,648 | 288,084 | 272,308 | 256,876 | 191,940 | 174,446 | 182,320 | 180,577 | 188,482 | 182,083 | 259,325 | 210,679 | 137,023 | 199,682 | 186,447 | 375,854 | 307,642 | 355,924 | 365,495 | 345,686 |
| Total current liabilities | US$ in thousands | 531,768 | 570,135 | 534,158 | 552,366 | 556,354 | 601,736 | 627,686 | 1,074,030 | 1,168,300 | 747,954 | 577,967 | 469,924 | 500,036 | 488,195 | 459,042 | 1,064,420 | 1,010,180 | 1,036,280 | 953,462 | 907,820 |
| Quick ratio | 2.20 | 1.76 | 1.90 | 1.51 | 1.39 | 0.95 | 1.04 | 1.03 | 0.87 | 0.94 | 0.88 | 2.25 | 1.75 | 1.94 | 0.69 | 1.16 | 0.79 | 1.00 | 1.00 | 2.87 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($862,440K
+ $6,200K
+ $298,648K)
÷ $531,768K
= 2.20
The quick ratio of Match Group Inc. has shown fluctuations over the past eight quarters, ranging from a low of 1.15 in Q1 2022 to a high of 2.39 in Q4 2023. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities, with a higher ratio suggesting a stronger liquidity position. Match Group's quick ratio consistently stayed above 1 throughout the quarters analyzed, indicating a generally healthy short-term liquidity position.
The upward trend seen in the quick ratio from Q1 2022 to Q4 2023 suggests an improvement in Match Group's ability to meet its short-term obligations using its liquid assets. This could indicate better management of working capital or an increase in cash reserves, both of which are positive indicators for the company's financial health.
Overall, the trend in Match Group Inc.'s quick ratio indicates a stable and improving liquidity position over the analyzed quarters, which is a positive signal for investors and stakeholders.
Peer comparison
Dec 31, 2023