Current Ratio
since 2012
Calculation
Meta Platforms Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2025 | 2.60 | = | 108,722) | ÷ | 41,836) |
| Dec 31, 2024 | 2.98 | = | 100,045) | ÷ | 33,596) |
| Dec 31, 2023 | 2.67 | = | 85,365) | ÷ | 31,960) |
| Dec 31, 2022 | 2.20 | = | 59,549) | ÷ | 27,026) |
| Dec 31, 2021 | 3.15 | = | 66,666) | ÷ | 21,135) |
| Dec 31, 2020 | 5.05 | = | 75,670) | ÷ | 14,981) |
| Dec 31, 2019 | 4.40 | = | 66,225) | ÷ | 15,053) |
| Dec 31, 2018 | 7.19 | = | 50,480) | ÷ | 7,017) |
| Dec 31, 2017 | 12.92 | = | 48,563) | ÷ | 3,760) |
| Dec 31, 2016 | 11.97 | = | 34,401) | ÷ | 2,875) |
| Dec 31, 2015 | 11.25 | = | 21,652) | ÷ | 1,925) |
| Dec 31, 2014 | 9.60 | = | 13,670) | ÷ | 1,424) |
| Dec 31, 2013 | 11.88 | = | 13,070) | ÷ | 1,100) |
| Dec 31, 2012 | 10.71 | = | 11,267) | ÷ | 1,052) |
Based on: 10-K (reporting date: 2025-12-31), 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), 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).
1 US$ in millions
The current ratio exhibited considerable fluctuation over the observed period. Initially, the ratio demonstrated a strong position, but experienced a marked decline in later years, followed by some stabilization.
- Initial Strength (2012-2017)
- From 2012 through 2017, the current ratio consistently remained above 10, peaking at 12.92 in 2017. This indicates a robust ability to cover short-term liabilities with short-term assets during this timeframe. The ratio experienced some variation, but generally maintained a high level.
- Significant Decline (2018-2022)
- Beginning in 2018, a substantial downward trend became apparent. The current ratio decreased from 7.19 to a low of 2.20 in 2022. This decline suggests a weakening in the company’s short-term liquidity position, potentially due to faster growth in current liabilities relative to current assets, or a deliberate shift in asset allocation. The most dramatic decrease occurred between 2018 and 2019, falling from 7.19 to 4.40.
- Recent Stabilization (2023-2025)
- From 2023 to 2025, the current ratio showed signs of stabilization, fluctuating between 2.60 and 2.98. While still considerably lower than the levels observed prior to 2018, this period suggests a potential leveling off of the decline. The ratio increased from 2.67 in 2023 to 2.98 in 2024, before decreasing slightly to 2.60 in 2025.
- Asset and Liability Trends
- Current assets increased overall during the period, but not consistently. Growth was particularly strong between 2015 and 2017, and again between 2022 and 2025. Current liabilities exhibited a more consistent upward trend, accelerating significantly from 2018 onwards, which contributed to the decline in the current ratio. The substantial increase in current liabilities between 2019 and 2021 is a key driver of the ratio’s decrease.
In summary, the current ratio demonstrates a shift from a position of strong liquidity to a more moderate one, with recent indications of potential stabilization. The observed trends warrant further investigation into the underlying drivers of changes in both current assets and current liabilities.
Comparison to Competitors
Meta Platforms Inc., current ratio, long-term trends, comparison to competitors
| Meta Platforms Inc. | Alphabet Inc. | Comcast Corp. | Netflix Inc. | Trade Desk Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|
| Dec 31, 2025 | 2.60 | — | — | 1.19 | — | 0.71 |
| Dec 31, 2024 | 2.98 | 1.84 | 0.68 | 1.22 | 1.86 | 0.73 |
| Dec 31, 2023 | 2.67 | 2.10 | 0.60 | 1.12 | 1.72 | 1.05 |
| Dec 31, 2022 | 2.20 | 2.38 | 0.78 | 1.17 | 1.90 | 1.00 |
| Dec 31, 2021 | 3.15 | 2.93 | 0.85 | 0.95 | 1.71 | 1.08 |
| Dec 31, 2020 | 5.05 | 3.07 | 0.93 | 1.25 | 1.57 | 1.32 |
| Dec 31, 2019 | 4.40 | 3.37 | 0.84 | 0.90 | 1.56 | 0.90 |
| Dec 31, 2018 | 7.19 | 3.92 | 0.79 | 1.49 | 1.48 | 0.94 |
| Dec 31, 2017 | 12.92 | 5.14 | 0.74 | 1.40 | 1.48 | 0.81 |
| Dec 31, 2016 | 11.97 | 6.29 | 0.76 | 1.25 | 1.50 | 1.01 |
| Dec 31, 2015 | 11.25 | 4.67 | 0.68 | 1.54 | — | 1.03 |
| Dec 31, 2014 | 9.60 | 4.80 | 0.78 | 1.48 | — | 1.14 |
| Dec 31, 2013 | 11.88 | 4.58 | 0.74 | 1.42 | — | 1.21 |
| Dec 31, 2012 | 10.71 | 4.22 | 1.20 | 1.34 | — | 1.07 |
Based on: 10-K (reporting date: 2025-12-31), 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), 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).
Comparison to Sector (Media & Entertainment)
Meta Platforms Inc., current ratio, long-term trends, comparison to sector (media & entertainment)
| Meta Platforms Inc. | Media & Entertainment | |
|---|---|---|
| Dec 31, 2025 | 2.60 | — |
| Dec 31, 2024 | 2.98 | 1.59 |
| Dec 31, 2023 | 2.67 | 1.67 |
| Dec 31, 2022 | 2.20 | 1.77 |
| Dec 31, 2021 | 3.15 | 2.08 |
| Dec 31, 2020 | 5.05 | 2.37 |
| Dec 31, 2019 | 4.40 | 2.16 |
| Dec 31, 2018 | 7.19 | 2.50 |
| Dec 31, 2017 | 12.92 | 2.84 |
| Dec 31, 2016 | 11.97 | 2.85 |
| Dec 31, 2015 | 11.25 | 2.47 |
| Dec 31, 2014 | 9.60 | 2.46 |
| Dec 31, 2013 | 11.88 | 2.35 |
| Dec 31, 2012 | 10.71 | 2.31 |
Based on: 10-K (reporting date: 2025-12-31), 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), 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).
Comparison to Industry (Communication Services)
Meta Platforms Inc., current ratio, long-term trends, comparison to industry (communication services)
| Meta Platforms Inc. | Communication Services | |
|---|---|---|
| Dec 31, 2025 | 2.60 | — |
| Dec 31, 2024 | 2.98 | 1.24 |
| Dec 31, 2023 | 2.67 | 1.31 |
| Dec 31, 2022 | 2.20 | 1.29 |
| Dec 31, 2021 | 3.15 | 1.42 |
| Dec 31, 2020 | 5.05 | 1.74 |
| Dec 31, 2019 | 4.40 | 1.49 |
| Dec 31, 2018 | 7.19 | 1.59 |
| Dec 31, 2017 | 12.92 | 1.65 |
| Dec 31, 2016 | 11.97 | 1.69 |
| Dec 31, 2015 | 11.25 | 1.45 |
| Dec 31, 2014 | 9.60 | 1.61 |
| Dec 31, 2013 | 11.88 | 1.90 |
| Dec 31, 2012 | 10.71 | 1.44 |
Based on: 10-K (reporting date: 2025-12-31), 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), 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).