Current Ratio
since 2013
Calculation
Twitter Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 5.89 | = | 7,918,370) | ÷ | 1,343,867) |
| Dec 31, 2020 | 4.42 | = | 8,637,108) | ÷ | 1,952,826) |
| Dec 31, 2019 | 9.15 | = | 7,620,075) | ÷ | 832,476) |
| Dec 31, 2018 | 4.69 | = | 7,111,036) | ÷ | 1,516,311) |
| Dec 31, 2017 | 9.12 | = | 5,321,884) | ÷ | 583,278) |
| Dec 31, 2016 | 7.97 | = | 4,652,196) | ÷ | 584,021) |
| Dec 31, 2015 | 8.66 | = | 4,381,792) | ÷ | 506,039) |
| Dec 31, 2014 | 10.81 | = | 4,255,853) | ÷ | 393,794) |
| Dec 31, 2013 | 11.42 | = | 2,574,679) | ÷ | 225,430) |
Based on: 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).
1 US$ in thousands
Between 2013 and 2021, the organization maintained a robust liquidity position, characterized by a current ratio that remained significantly above the standard benchmark of 1.0. While current assets showed a general long-term growth trajectory, the liquidity ratio experienced notable volatility resulting from significant fluctuations in short-term obligations.
- Current Assets Trend
- A sustained increase in current assets was observed from 2013 through 2020, with values rising from 2.57 billion USD to a peak of 8.64 billion USD. This growth period was followed by a moderate contraction in 2021, where assets decreased to 7.92 billion USD.
- Current Liabilities Volatility
- Short-term liabilities exhibited significant instability over the analyzed period. After remaining relatively stable between 2013 and 2017, liabilities spiked to 1.52 billion USD in 2018. This was followed by a sharp reduction to 832 million USD in 2019, and a subsequent peak of 1.95 billion USD in 2020, before receding to 1.34 billion USD by the end of 2021.
- Current Ratio Interpretation
- The current ratio began at a high of 11.42 in 2013 and underwent a gradual decline until 2016. The subsequent years were marked by erratic shifts; the ratio dropped to 4.69 in 2018, recovered strongly to 9.15 in 2019, fell to a period low of 4.42 in 2020, and ended at 5.89 in 2021. Despite these fluctuations, the consistently high ratio indicates an oversized liquidity cushion, suggesting that the organization possessed ample capacity to meet its short-term obligations throughout the entire duration.
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Comparison to Competitors
Twitter Inc., current ratio, long-term trends, comparison to competitors
| Twitter Inc. | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|
| Dec 31, 2021 | 5.89 | 2.93 | 0.85 | 3.15 | 0.95 | 1.08 |
| Dec 31, 2020 | 4.42 | 3.07 | 0.93 | 5.05 | 1.25 | 1.32 |
| Dec 31, 2019 | 9.15 | 3.37 | 0.84 | 4.40 | 0.90 | 0.90 |
| Dec 31, 2018 | 4.69 | 3.92 | 0.79 | 7.19 | 1.49 | 0.94 |
| Dec 31, 2017 | 9.12 | 5.14 | 0.74 | 12.92 | 1.40 | 0.81 |
| Dec 31, 2016 | 7.97 | 6.29 | 0.76 | 11.97 | 1.25 | 1.01 |
| Dec 31, 2015 | 8.66 | 4.67 | 0.68 | 11.25 | 1.54 | 1.03 |
| Dec 31, 2014 | 10.81 | 4.80 | 0.78 | 9.60 | 1.48 | 1.14 |
| Dec 31, 2013 | 11.42 | 4.58 | 0.74 | 11.88 | 1.42 | 1.21 |
Based on: 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).
Comparison to Sector (Media & Entertainment)
Twitter Inc., current ratio, long-term trends, comparison to sector (media & entertainment)
| Twitter Inc. | Media & Entertainment | |
|---|---|---|
| Dec 31, 2021 | 5.89 | 2.08 |
| Dec 31, 2020 | 4.42 | 2.38 |
| Dec 31, 2019 | 9.15 | 2.16 |
| Dec 31, 2018 | 4.69 | 2.51 |
| Dec 31, 2017 | 9.12 | 2.85 |
| Dec 31, 2016 | 7.97 | 2.86 |
| Dec 31, 2015 | 8.66 | 2.47 |
| Dec 31, 2014 | 10.81 | 2.46 |
| Dec 31, 2013 | 11.42 | 2.35 |
Based on: 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).
Comparison to Industry (Communication Services)
Twitter Inc., current ratio, long-term trends, comparison to industry (communication services)
| Twitter Inc. | Communication Services | |
|---|---|---|
| Dec 31, 2021 | 5.89 | 1.41 |
| Dec 31, 2020 | 4.42 | 1.74 |
| Dec 31, 2019 | 9.15 | 1.49 |
| Dec 31, 2018 | 4.69 | 1.59 |
| Dec 31, 2017 | 9.12 | 1.65 |
| Dec 31, 2016 | 7.97 | 1.69 |
| Dec 31, 2015 | 8.66 | 1.45 |
| Dec 31, 2014 | 10.81 | 1.61 |
| Dec 31, 2013 | 11.42 | 1.90 |
Based on: 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).