Current Ratio
since 2005
Calculation
CoStar Group Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 13.92 | = | 5,185,867) | ÷ | 372,615) |
| Dec 31, 2021 | 11.78 | = | 3,988,125) | ÷ | 338,689) |
| Dec 31, 2020 | 11.75 | = | 3,888,512) | ÷ | 330,850) |
| Dec 31, 2019 | 5.79 | = | 1,199,165) | ÷ | 207,056) |
| Dec 31, 2018 | 7.87 | = | 1,213,298) | ÷ | 154,159) |
| Dec 31, 2017 | 8.78 | = | 1,287,935) | ÷ | 146,666) |
| Dec 31, 2016 | 4.05 | = | 627,491) | ÷ | 154,946) |
| Dec 31, 2015 | 3.49 | = | 472,733) | ÷ | 135,281) |
| Dec 31, 2014 | 5.03 | = | 599,811) | ÷ | 119,290) |
| Dec 31, 2013 | 2.77 | = | 308,466) | ÷ | 111,553) |
| Dec 31, 2012 | 1.96 | = | 199,563) | ÷ | 101,638) |
| Dec 31, 2011 | 9.44 | = | 583,183) | ÷ | 61,782) |
| Dec 31, 2010 | 4.35 | = | 239,173) | ÷ | 54,926) |
| Dec 31, 2009 | 5.66 | = | 247,407) | ÷ | 43,747) |
| Dec 31, 2008 | 7.29 | = | 212,483) | ÷ | 29,136) |
| Dec 31, 2007 | 5.38 | = | 205,678) | ÷ | 38,237) |
| Dec 31, 2006 | 7.40 | = | 178,751) | ÷ | 24,145) |
| Dec 31, 2005 | 6.65 | = | 146,538) | ÷ | 22,037) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The liquidity position of the entity exhibits a long-term trend of substantial growth and extreme stability, characterized by current assets that consistently outweigh current liabilities by a significant margin. From 2005 to 2022, the organization transitioned from a liquid state to one of exceptional capital surplus.
- Current Asset Trajectory
- Current assets experienced steady growth during the first decade of the period, rising from 146.5 million USD in 2005 to 599.8 million USD by 2014. A period of accelerated accumulation began after 2016, culminating in a massive increase between 2019 and 2020, where assets jumped from approximately 1.2 billion USD to 3.89 billion USD. By the end of 2022, current assets reached a peak of 5.19 billion USD.
- Current Liability Management
- Current liabilities followed a gradual and controlled upward trend. Starting at 22.0 million USD in 2005, liabilities increased to 372.6 million USD by 2022. While the absolute value of liabilities grew, the rate of increase remained significantly lower than the rate of asset accumulation, contributing to an expanding liquidity gap.
- Current Ratio Analysis
- The current ratio remained consistently high, indicating a strong capacity to meet short-term obligations. A notable period of volatility occurred between 2011 and 2013, with the ratio dropping from a peak of 9.44 in 2011 to a period low of 1.96 in 2012, before recovering to 2.77 in 2013. Following this dip, a sustained upward trajectory emerged. The ratio expanded rapidly starting in 2020, moving from 11.75 to 13.92 by 2022, representing a state of hyper-liquidity.
The overall financial profile reveals a strategic accumulation of short-term assets that has far outpaced the growth of short-term debts. This divergence has resulted in a current ratio that, in the final three years of the analysis, suggests a highly conservative approach to short-term leverage and a significant buffer against financial contingencies.
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Comparison to Industry (Industrials)
CoStar Group Inc., current ratio, long-term trends, comparison to industry (industrials)
| CoStar Group Inc. | Industrials | |
|---|---|---|
| Dec 31, 2022 | 13.92 | 1.20 |
| Dec 31, 2021 | 11.78 | 1.29 |
| Dec 31, 2020 | 11.75 | 1.41 |
| Dec 31, 2019 | 5.79 | 1.16 |
| Dec 31, 2018 | 7.87 | 1.13 |
| Dec 31, 2017 | 8.78 | 1.24 |
| Dec 31, 2016 | 4.05 | 1.22 |
| Dec 31, 2015 | 3.49 | 1.24 |
| Dec 31, 2014 | 5.03 | 1.26 |
| Dec 31, 2013 | 2.77 | 1.33 |
| Dec 31, 2012 | 1.96 | 1.30 |
| Dec 31, 2011 | 9.44 | 1.30 |
| Dec 31, 2010 | 4.35 | 1.28 |
| Dec 31, 2009 | 5.66 | 1.23 |
| Dec 31, 2008 | 7.29 | 1.06 |
| Dec 31, 2007 | 5.38 | 1.07 |
| Dec 31, 2006 | 7.40 | 1.05 |
| Dec 31, 2005 | 6.65 | 1.05 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).