Stock Analysis on Net

AppLovin Corp. (NASDAQ:APP)

$24.99

Current Ratio
since 2021

Microsoft Excel

Calculation

AppLovin Corp., current ratio, long-term trends, calculation

Microsoft Excel

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


Current Assets
The current assets have shown a declining trend from 3,235,064 thousand US dollars in 2021 to 1,616,163 thousand US dollars in 2023, representing a significant reduction over two years. However, there is a noticeable recovery in 2024, with current assets increasing to 2,312,190 thousand US dollars.
Current Liabilities
Current liabilities decreased modestly from 640,097 thousand US dollars in 2021 to 578,958 thousand US dollars in 2022. Thereafter, there is a substantial increase to 944,122 thousand US dollars in 2023 and a further rise to 1,057,472 thousand US dollars in 2024, indicating growing short-term obligations.
Current Ratio
The current ratio, which measures the company's ability to meet short-term liabilities with short-term assets, declined markedly from 5.05 in 2021 to 1.71 in 2023. This suggests a weakening liquidity position over these years. Nonetheless, in 2024, the current ratio improved to 2.19, reflecting a partial recovery in liquidity, although it remains below the levels seen in 2021 and 2022.

Comparison to Competitors

AppLovin Corp., current ratio, long-term trends, comparison to competitors

Microsoft Excel

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)

Microsoft Excel

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)

Microsoft Excel

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).