RDDT
Price:
$146.38
Market Cap:
$27.01B
Reddit, Inc. operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California. Reddit, Inc. operates as a subsidiary of Advance Publications, Inc.
Industry
Internet Content & Information
IPO Date
2024-03-21
Stock Exchange
NYSE
Ticker
RDDT
According to Reddit, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 12.46. This represents a change of 0.78% compared to the average of 12.37 of the last 4 quarters.
The mean historical Current Ratio of Reddit, Inc. over the last ten years is 13.98. The current 12.46 Current Ratio has changed 8.82% with respect to the historical average. Over the past ten years (40 quarters), RDDT's Current Ratio was at its highest in in the September 2021 quarter at 22.88. The Current Ratio was at its lowest in in the March 2021 quarter at 0.
Average
13.98
Median
12.63
Minimum
9.52
Maximum
22.72
Discovering the peaks and valleys of Reddit, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 138.62%
Maximum Annual Current Ratio = 22.72
Minimum Annual Increase = -38.65%
Minimum Annual Current Ratio = 9.52
Year | Current Ratio | Change |
---|---|---|
2024 | 12.63 | 14.02% |
2023 | 11.08 | -20.53% |
2022 | 13.94 | -38.65% |
2021 | 22.72 | 138.62% |
The current Current Ratio of Reddit, Inc. (RDDT) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
12.55
5-year avg
13.98
10-year avg
13.98
Reddit, Inc.’s Current Ratio is greater than AppLovin Corporation (1.68), greater than Arm Holdings plc American Depositary Shares (5.20), greater than Baidu, Inc. (2.29), greater than CoreWeave, Inc. Class A Common Stock (0.44), less than Trump Media & Technology Group Corp. (38.41), greater than Alphabet Inc. (1.77), greater than Alphabet Inc. (1.77), greater than Robinhood Markets, Inc. (1.35), greater than Locafy Limited (0.92), greater than Meta Platforms, Inc. (2.66),
Company | Current Ratio | Market cap |
---|---|---|
1.68 | $120.43B | |
5.20 | $152.78B | |
2.29 | $30.07B | |
0.44 | $63.54B | |
38.41 | $5.07B | |
1.77 | $2.21T | |
1.77 | $2.21T | |
1.35 | $88.21B | |
0.92 | $6.01M | |
2.66 | $1.81T |
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What is the Current Ratio?
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What is Reddit, Inc.'s Current Ratio?
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What is the 3-year average Current Ratio for Reddit, Inc. (RDDT)?
What is the 5-year average Current Ratio for Reddit, Inc. (RDDT)?
How does the current Current Ratio for Reddit, Inc. (RDDT) compare to its historical average?