Shutterstock (SSTK)

Current 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
Total current assets	US$ in thousands	292,573	269,465	273,415	178,900	215,671	161,052	163,256	339,719	388,215	375,676	484,417	440,588	489,070	450,661	386,491	369,696	376,980	363,977	333,111	320,968
Total current liabilities	US$ in thousands	452,386	424,264	407,565	313,462	383,734	360,073	367,951	303,886	333,784	315,454	282,536	265,323	256,929	245,230	228,882	232,306	245,894	247,858	228,818	232,210
Current ratio		0.65	0.64	0.67	0.57	0.56	0.45	0.44	1.12	1.16	1.19	1.71	1.66	1.90	1.84	1.69	1.59	1.53	1.47	1.46	1.38

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $292,573K ÷ $452,386K
= 0.65

The current ratio of Shutterstock Inc has been fluctuating over the past eight quarters. In Q4 2023, the current ratio was 0.65, showing that the company had $0.65 in current assets to cover each dollar of current liabilities. This ratio increased slightly from the prior quarter (Q3 2023) when it was 0.64.

Overall, the current ratio has been relatively low, indicating a potential liquidity concern as the company may have difficulty meeting its short-term obligations. The lowest current ratio was observed in Q3 2022 at 0.44, while the highest was in Q1 2022 at 1.12, suggesting significant fluctuations in the company's ability to cover its short-term liabilities with its current assets.

It would be important for Shutterstock Inc to closely monitor and potentially improve its current ratio to ensure its ability to meet its short-term financial obligations and maintain financial stability.