Current Ratio
since 2021
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AppLovin Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Selected Financial Data since 2021
- Return on Assets (ROA) since 2021
- Price to Earnings (P/E) since 2021
- Price to Sales (P/S) since 2021
- Analysis of Revenues
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Calculation
AppLovin Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | = | ÷ | |||
| Dec 31, 2023 | = | ÷ | |||
| Dec 31, 2022 | = | ÷ | |||
| Dec 31, 2021 | = | ÷ |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 US$ in thousands
The current ratio exhibited a declining trend from 2021 to 2023, followed by a partial recovery in 2024. This indicates a shifting pattern in the company’s short-term liquidity position over the observed period.
- Current Ratio Trend
- In 2021, the current ratio stood at 5.05, representing a strong ability to cover short-term obligations with short-term assets. A substantial decrease was observed in 2022, with the ratio falling to 3.35. This decline continued into 2023, reaching a low of 1.71. The ratio then increased to 2.19 in 2024, suggesting some improvement in short-term liquidity, but remaining below the levels seen in 2021 and 2022.
- Underlying Components
- Current assets decreased from US$3,235,064 thousand in 2021 to US$1,939,083 thousand in 2022, and further to US$1,616,163 thousand in 2023. A subsequent increase to US$2,312,190 thousand was noted in 2024. Current liabilities also experienced fluctuations, decreasing from US$640,097 thousand in 2021 to US$578,958 thousand in 2022, then increasing to US$944,122 thousand in 2023, and finally reaching US$1,057,472 thousand in 2024. The combined effect of these changes in both current assets and current liabilities drove the observed trend in the current ratio.
The decrease in the current ratio from 2021 to 2023 suggests a potential weakening in the company’s capacity to meet its immediate financial obligations. The partial recovery in 2024 is a positive sign, but continued monitoring of this ratio is warranted to assess the sustainability of this improvement.
Comparison to Competitors
AppLovin Corp., current ratio, long-term trends, comparison to competitors
| AppLovin Corp. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | ||||||||||||||||
| Dec 31, 2023 | ||||||||||||||||
| Dec 31, 2022 | ||||||||||||||||
| Dec 31, 2021 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Comparison to Sector (Software & Services)
AppLovin Corp., current ratio, long-term trends, comparison to sector (software & services)
| AppLovin Corp. | Software & Services | |
|---|---|---|
| Dec 31, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Comparison to Industry (Information Technology)
AppLovin Corp., current ratio, long-term trends, comparison to industry (information technology)
| AppLovin Corp. | Information Technology | |
|---|---|---|
| Dec 31, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).