Current Ratio
since 2016
Calculation
Trade Desk Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 1.86 | = | 5,336,458) | ÷ | 2,873,465) |
| Dec 31, 2023 | 1.72 | = | 4,313,954) | ÷ | 2,510,838) |
| Dec 31, 2022 | 1.90 | = | 3,845,617) | ÷ | 2,029,323) |
| Dec 31, 2021 | 1.71 | = | 3,091,649) | ÷ | 1,803,305) |
| Dec 31, 2020 | 1.57 | = | 2,310,317) | ÷ | 1,474,683) |
| Dec 31, 2019 | 1.56 | = | 1,449,221) | ÷ | 930,373) |
| Dec 31, 2018 | 1.48 | = | 1,056,523) | ÷ | 713,991) |
| Dec 31, 2017 | 1.48 | = | 765,813) | ÷ | 518,532) |
| Dec 31, 2016 | 1.50 | = | 516,403) | ÷ | 344,136) |
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), 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).
1 US$ in thousands
The analysis of the financial data reveals notable growth and evolving liquidity trends over the observed periods.
- Current Assets
- There is a consistent upward trend in current assets, increasing from 516,403 thousand US dollars in 2016 to an estimated 5,336,458 thousand US dollars in 2024. This demonstrates a more than tenfold increase over the eight-year span, indicating significant expansion in liquid and short-term assets available to the company.
- Current Liabilities
- Current liabilities have similarly increased, rising from 344,136 thousand US dollars in 2016 to a projected 2,873,465 thousand US dollars in 2024. Although liabilities are growing, their increase is at a slower rate compared to current assets, which suggests improved operational scale or increased credit availability.
- Current Ratio
- The current ratio, which measures short-term liquidity by comparing current assets to current liabilities, has generally improved over time. Starting at 1.5 in 2016, it slightly decreased to 1.48 in 2017 and 2018, then increased steadily, peaking at 1.9 in 2022. A minor decline occurred in 2023 to 1.72, followed by a slight projected improvement to 1.86 in 2024. This pattern suggests maintaining a comfortable liquidity buffer that enhances the company’s ability to cover short-term obligations.
Overall, the data indicates strong asset growth accompanied by a controlled rise in liabilities, resulting in improved liquidity positions. The fluctuations in the current ratio reflect active management of working capital to balance growth and financial stability.
Comparison to Competitors
Trade Desk Inc., current ratio, long-term trends, comparison to competitors
| Trade Desk Inc. | Alphabet Inc. | Charter Communications Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 1.86 | 1.84 | 0.31 | 0.68 | 2.98 | 1.22 | 0.73 |
| Dec 31, 2023 | 1.72 | 2.10 | 0.31 | 0.60 | 2.67 | 1.12 | 1.05 |
| Dec 31, 2022 | 1.90 | 2.38 | 0.33 | 0.78 | 2.20 | 1.17 | 1.00 |
| Dec 31, 2021 | 1.71 | 2.93 | 0.29 | 0.85 | 3.15 | 0.95 | 1.08 |
| Dec 31, 2020 | 1.57 | 3.07 | 0.40 | 0.93 | 5.05 | 1.25 | 1.32 |
| Dec 31, 2019 | 1.56 | 3.37 | 0.52 | 0.84 | 4.40 | 0.90 | 0.90 |
| Dec 31, 2018 | 1.48 | 3.92 | 0.23 | 0.79 | 7.19 | 1.49 | 0.94 |
| Dec 31, 2017 | 1.48 | 5.14 | 0.23 | 0.74 | 12.92 | 1.40 | 0.81 |
| Dec 31, 2016 | 1.50 | 6.29 | 0.34 | 0.76 | 11.97 | 1.25 | 1.01 |
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), 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).
Comparison to Sector (Media & Entertainment)
Trade Desk Inc., current ratio, long-term trends, comparison to sector (media & entertainment)
| Trade Desk Inc. | Media & Entertainment | |
|---|---|---|
| Dec 31, 2024 | 1.86 | 1.51 |
| Dec 31, 2023 | 1.72 | 1.58 |
| Dec 31, 2022 | 1.90 | 1.67 |
| Dec 31, 2021 | 1.71 | 1.95 |
| Dec 31, 2020 | 1.57 | 2.24 |
| Dec 31, 2019 | 1.56 | 2.02 |
| Dec 31, 2018 | 1.48 | 2.24 |
| Dec 31, 2017 | 1.48 | 2.50 |
| Dec 31, 2016 | 1.50 | 2.52 |
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), 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).
Comparison to Industry (Communication Services)
Trade Desk Inc., current ratio, long-term trends, comparison to industry (communication services)
| Trade Desk Inc. | Communication Services | |
|---|---|---|
| Dec 31, 2024 | 1.86 | 1.20 |
| Dec 31, 2023 | 1.72 | 1.27 |
| Dec 31, 2022 | 1.90 | 1.25 |
| Dec 31, 2021 | 1.71 | 1.37 |
| Dec 31, 2020 | 1.57 | 1.69 |
| Dec 31, 2019 | 1.56 | 1.45 |
| Dec 31, 2018 | 1.48 | 1.52 |
| Dec 31, 2017 | 1.48 | 1.57 |
| Dec 31, 2016 | 1.50 | 1.61 |
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), 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).