Yelp Inc (YELP)
Cash 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 and cash equivalents | US$ in thousands | 313,911 | 305,103 | 270,256 | 289,298 | 306,379 | 330,970 | 421,162 | 465,121 | 479,783 | 531,620 | 558,227 | 588,592 | 595,875 | 590,789 | 525,693 | 364,576 | 170,281 | 123,402 | 139,464 | 295,276 |
| Short-term investments | US$ in thousands | 132,485 | 131,468 | 136,909 | 134,903 | 104,244 | 100,871 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,930 | 0 | 0 | 122,618 | 484,000 | 516,828 | 545,508 | 662,278 |
| Total current liabilities | US$ in thousands | 175,864 | 189,686 | 215,531 | 199,297 | 182,824 | 199,384 | 180,006 | 195,631 | 164,013 | 150,532 | 159,223 | 156,051 | 143,030 | 162,505 | 120,530 | 140,681 | 134,155 | 136,113 | 135,707 | 130,751 |
| Cash ratio | 2.54 | 2.30 | 1.89 | 2.13 | 2.25 | 2.17 | 2.40 | 2.43 | 2.99 | 3.60 | 3.57 | 3.84 | 4.24 | 3.64 | 4.36 | 3.46 | 4.88 | 4.70 | 5.05 | 7.32 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($313,911K
+ $132,485K)
÷ $175,864K
= 2.54
The cash ratio for Yelp Inc has shown some fluctuations over the past eight quarters, ranging from a low of 2.02 in Q2 2023 to a high of 2.72 in Q4 2023. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources of funding.
Yelp Inc's cash ratio has generally remained above 2.0 over the periods analyzed, indicating a healthy level of liquidity. This suggests that the company has a sufficient amount of cash on hand to meet its short-term financial obligations. The fluctuations in the cash ratio may be influenced by factors such as changes in cash reserves, operating expenses, or fluctuations in revenue. Overall, the trend of the cash ratio for Yelp Inc appears to demonstrate a consistent and solid liquidity position.
Peer comparison
Dec 31, 2023