Yelp Inc (YELP)
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 | 624,216 | 625,939 | 587,510 | 591,594 | 595,992 | 623,101 | 611,186 | 637,341 | 644,677 | 667,106 | 689,182 | 703,346 | 712,725 | 694,192 | 617,393 | 594,873 | 533,309 | 499,299 | 531,288 | 775,042 |
| 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 |
| Current ratio | 3.55 | 3.30 | 2.73 | 2.97 | 3.26 | 3.13 | 3.40 | 3.26 | 3.93 | 4.43 | 4.33 | 4.51 | 4.98 | 4.27 | 5.12 | 4.23 | 3.98 | 3.67 | 3.91 | 5.93 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $624,216K ÷ $175,864K
= 3.55
Yelp Inc's current ratio has exhibited some fluctuations over the past eight quarters. The current ratio, which reflects the company's ability to cover its short-term liabilities with its current assets, was at its highest at 3.55 in Q4 2023 and lowest at 2.73 in Q2 2023.
Overall, Yelp Inc has maintained a relatively healthy current ratio ranging from 2.73 to 3.55 during the period under review. A current ratio above 2 suggests that the company has more than enough current assets to cover its short-term obligations. This indicates that Yelp Inc has a strong liquidity position and can easily meet its current liabilities using its current assets.
It is important to continue monitoring Yelp Inc's current ratio to ensure that the company maintains its ability to meet its short-term obligations as it continues to grow and operate in a dynamic business environment.
Peer comparison
Dec 31, 2023