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Lyft Inc 's Quick Ratio
LYFT's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth
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LYFT Quick Ratio |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Y / Y Current Liabilities Change |
-5.46 % |
5.89 % |
10.56 % |
21.66 % |
24.49 % |
Y / Y Cash & cash equivalent Change |
-6.21 % |
-6.55 % |
-6.03 % |
-21.54 % |
-20.28 % |
Quick Ratio MRQ |
0.57 |
0.57 |
0.56 |
0.56 |
0.57 |
LYFT's Total
Ranking |
# 655 |
# 1668 |
# 1406 |
# 2235 |
# 791 |
Seq. Current Liabilities Change |
0.43 % |
-2.37 % |
-3.67 % |
0.09 % |
12.49 % |
Seq. Cash & cash equivalent Change |
1.11 % |
-1.86 % |
-3.23 % |
-2.34 % |
0.75 % |
Quick Ratio forth quarter 2023 Company Ranking |
Within: |
No. |
Professional Services Industry |
# 20 |
Services Sector |
# 79 |
Overall Market |
# 655 |
Quick Ratio Statistics |
High |
Average |
Low |
1.56 |
0.9 |
0.56 |
(Jun 30 2019) |
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(Mar 31 2023) |
Cumulative Lyft Inc 's Quick Ratio
LYFT's Quick Ratio for the trailling 12 Months
LYFT Quick Ratio |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Y / Y Current Liabilities TTM Growth |
-5.46 % |
5.89 % |
10.56 % |
21.66 % |
24.49 % |
Y / Y Cash & cash equivalent TTM Growth |
-6.21 % |
-6.55 % |
-6.03 % |
-21.54 % |
-20.28 % |
Quick Ratio TTM |
0.56 |
0.57 |
0.58 |
0.61 |
0.68 |
Total
Ranking TTM |
# 1089
| # 1880
| # 1990
| # 2116
| # 2414
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Seq. Current Liabilities TTM Growth |
0.43 % |
-2.37 % |
-3.67 % |
0.09 % |
12.49 % |
Seq. Cash & cash equivalent TTM Growth |
1.11 % |
-1.86 % |
-3.23 % |
-2.34 % |
0.75 % |
News about Lyft Inc Quick Ratio |
Introduction In a bid to enhance its financial position during a period of growing current liabilities, Lyft Inc. (NASDAQ: LYFT) recently disclosed the pricing of $400 million aggregate principal amount of Convertible Senior Notes due 2029. This strategic move, alongside an analysis of the company's Quick Ratio, sheds light on Lyft's proactive measures to address its financial situation and ensure long-term sustainability. Lyft's Offering Details The private offering of the Convertible Senior Notes was exclusively made available to qualified institutional buyers under Rule 144A of the Securities Act of 1933. The offering aims to raise $400 million in aggregate principal amount, boosting Lyft's capital resources for future endeavors and operational growth. Additionally, Lyft has granted the initial purchasers of the notes an option to purchase an additional amount within a 13-day period.
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Lyft's Plan to Offer $400 Million in Convertible Senior Notes Signals Strategic Growth Move In a recent press release, Lyft, Inc. (NASDAQ: LYFT) announced its intention to offer $400 million in Convertible Senior Notes due 2029 in a private offering to qualified institutional buyers. This move comes in the wake of increased current liabilities in the fourth quarter of 2023, resulting in a decrease in the company's Quick Ratio to 0.57, below its average. Despite this, Lyft ranks higher compared to other companies in the industry, with an improved overall Quick Ratio ranking. This strategic move by Lyft hints at the company's plans for growth and expansion in the near future. By offering Convertible Senior Notes, Lyft aims to raise capital to fund various initiatives and projects that will drive the company forward. The decision to offer these notes only to qualified institutional buyers underlines Lyft's commitment to working with experienced and knowledgeable investors.
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On the trailing twelve months basis In spite of the year on year decrease in LYFT's Current Liabilities to $2,961.56 millions, cumulative Quick Ratio to 0.56 below the LYFT average Quick Ratio. Quick Ratio is the average cumulative value over the last four quarters.
Among companies operating within Professional Services industry 77 other companies have achieved higher Quick Ratio than Lyft Inc . While Quick Ratio overall ranking has improved so far to 2126, from total ranking during the twelve months ending third quarter 2023 at 3734.
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How much Cash & cash equivalents LYFT´s has?
What are LYFT´s Current Liabilities?
TTM Quick Ratio Company Ranking |
Within: |
No. |
Within the Professional Services Industry |
# 78 |
Services Sector |
# 334 |
Within the Market |
# 655 |
trailing twelve months Quick Ratio Statistics |
High |
Average |
Low |
1.26 |
0.91 |
0.56 |
(Mar 31 2020) |
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(Dec 31 2023) |
Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Professional Services Industry | Quick Ratio | Dec 31 2023 MRQ Cash & cash equivalent | Dec 31 2023 MRQ Current Liabilities | Mays J W Inc | 1.50 | $ 2.857 Millions | $ 1.898 Millions | Doordash Inc | 1.20 | $ 4,078.000 Millions | $ 3,410.000 Millions | Resources Connection Inc | 1.19 | $ 95.773 Millions | $ 80.481 Millions | Swk Holdings Corporation | 1.15 | $ 4.551 Millions | $ 3.944 Millions | Akamai Technologies Inc | 1.03 | $ 864.439 Millions | $ 836.038 Millions | Phreesia Inc | 1.02 | $ 87.520 Millions | $ 85.613 Millions | Radware Ltd | 1.01 | $ 156.910 Millions | $ 155.015 Millions | Altisource Portfolio Solutions S a | 1.00 | $ 32.522 Millions | $ 32.565 Millions | Exlservice Holdings Inc | 0.89 | $ 290.834 Millions | $ 326.403 Millions | Remitly Global Inc | 0.88 | $ 323.710 Millions | $ 366.839 Millions | Trinet Group Inc | 0.66 | $ 1,621.000 Millions | $ 2,463.000 Millions | Uber Technologies Inc | 0.66 | $ 6,212.000 Millions | $ 9,454.000 Millions | Mercadolibre Inc | 0.65 | $ 7,328.000 Millions | $ 11,297.000 Millions | Mastercard Incorporated | 0.64 | $ 10,433.000 Millions | $ 16,264.000 Millions | Cass Information Systems Inc | 0.63 | $ 724.028 Millions | $ 1,140.814 Millions | Robert Half Inc | 0.63 | $ 731.740 Millions | $ 1,154.652 Millions | Conduent Inc | 0.61 | $ 498.000 Millions | $ 810.000 Millions | Visa Inc | 0.60 | $ 13,591.000 Millions | $ 22,634.000 Millions | Performant Financial Corporation | 0.59 | $ 7.333 Millions | $ 12.380 Millions | Oculus Visiontech Inc | 0.57 | $ 0.157 Millions | $ 0.274 Millions | Lyft Inc | 0.57 | $ 1,685.184 Millions | $ 2,961.561 Millions | Rb Global Inc | 0.56 | $ 747.900 Millions | $ 1,342.700 Millions | Trueblue Inc | 0.55 | $ 61.885 Millions | $ 112.077 Millions | Getty Images Holdings Inc | 0.53 | $ 136.623 Millions | $ 255.652 Millions | Insperity Inc | 0.53 | $ 766.181 Millions | $ 1,436.289 Millions | Asgn Inc | 0.47 | $ 175.900 Millions | $ 374.600 Millions | Wex Inc | 0.47 | $ 3,997.900 Millions | $ 8,519.200 Millions | Fleetcor Technologies Inc | 0.46 | $ 3,141.535 Millions | $ 6,825.753 Millions | Ebay Inc | 0.44 | $ 1,985.000 Millions | $ 4,520.000 Millions | Multiplan Corporation | 0.43 | $ 71.547 Millions | $ 166.739 Millions |
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