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Lyft Inc   (LYFT)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services

Lyft Inc 's Quick Ratio

LYFT's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


In the wake of the increase in Current Liabilities in the forth quarter 2023, Quick Ratio fell to 0.57 below Lyft Inc average.

Within Professional Services industry 19 other companies have achieved higher Quick Ratio than Lyft Inc in forth quarter 2023. While Quick Ratio total ranking has improved so far during the IV Quarter 2023 to 655, from total ranking in the third quarter 2023 at 1668.

Explain Quick Ratio?
How much Cash & cash equivalents LYFT´s has?
What are LYFT´s Current Liabilities?


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)   (Mar 31 2023)




Financial Statements
Lyft Inc 's Current Liabilities $ 2,962 Millions Visit LYFT's Balance sheet
Lyft Inc 's Cash & cash equivalent $ 1,685 Millions Visit LYFT's Balance sheet
Source of LYFT's Sales Visit LYFT's Sales by Geography


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
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

Lyft Announces Pricing of Offering, Bolstering Financial Position Amid Increasing Current Liabilities


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.

Lyft Announces Private Offering of $400 Million of Convertible Senior Notes to Drive Strategic Growth Initiatives

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.


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.

Explain Quick Ratio?
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)   (Dec 31 2023)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Professional Services Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 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

Date modified: 2024-02-21T11:43:31+00:00



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