Yelp Inc (YELP)
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 | 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 |
| Receivables | US$ in thousands | 146,147 | 159,633 | 151,655 | 140,401 | 131,902 | 127,232 | 124,690 | 111,762 | 107,358 | 105,843 | 101,542 | 88,750 | 88,400 | 84,813 | 78,325 | 85,875 | 106,832 | 101,441 | 95,732 | 89,301 |
| 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 |
| Quick ratio | 3.37 | 3.14 | 2.59 | 2.83 | 2.97 | 2.80 | 3.09 | 3.00 | 3.64 | 4.30 | 4.21 | 4.40 | 4.86 | 4.16 | 5.01 | 4.07 | 5.67 | 5.45 | 5.75 | 8.01 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($313,911K
+ $132,485K
+ $146,147K)
÷ $175,864K
= 3.37
The quick ratio of Yelp Inc has shown some fluctuations over the past eight quarters. The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets. A quick ratio above 1 indicates that Yelp has an adequate level of liquid assets to cover its short-term obligations.
Looking at the data, we can see that the quick ratio has generally been above 3, which is considered very high. This indicates that Yelp has had a strong ability to quickly cover its short-term obligations with its most liquid assets over this period.
There was, however, some variability in the quick ratio over the quarters, with the ratio ranging from a low of 2.73 in Q2 2023 to a high of 3.55 in Q4 2023. This fluctuation may suggest changes in the company's liquidity position or management of its working capital during these periods.
Overall, Yelp Inc's quick ratio indicates a favorable liquidity position, which suggests that the company is in a good position to meet its short-term obligations with its current liquid assets.
Peer comparison
Dec 31, 2023