The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Coinbase Global's current ratio for the quarter that ended in Mar. 2022 was 1.55.
Coinbase Global has a current ratio of 1.55. It generally indicates good short-term financial strength.
The historical rank and industry rank for Coinbase Global's Current Ratio or its related term are showing as below:
COIN'
s Current Ratio Range Over the Past 10 Years
Min: 1.2 Med: 1.55 Max: 1.65
Current: 1.55
During the past 3 years, Coinbase Global's highest Current Ratio was 1.65. The lowest was 1.20. And the median was 1.55.
COIN's Current Ratio is ranked worse than 63.69% of 2710
companies
in the Software industry
Industry Median: 1.97
vs COIN: 1.55
Coinbase Global Current Ratio Historical Data
The historical data trend for Coinbase Global's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Coinbase Global Annual Data
Trend
Dec19
Dec20
Dec21
Current Ratio
1.62
1.21
1.61
Coinbase Global Quarterly Data
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Current Ratio
1.20
1.47
1.65
1.61
1.55
Competitive Comparison
For the Software - Application subindustry, Coinbase Global's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Coinbase Global Current Ratio Distribution
For the Software industry and Technology sector, Coinbase Global's Current Ratio distribution charts can be found below:
* The bar in red indicates where Coinbase Global's Current Ratio falls into.
Coinbase Global Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Coinbase Global's Current Ratio for the fiscal year that ended in Dec. 2021
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Coinbase Global (NAS:COIN) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Coinbase Global Current Ratio Related Terms
Thank you for viewing the detailed overview of Coinbase Global's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage, data analytics, and collateralized lending.
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