Airbnb Inc (ABNB)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 6,874,000 | 8,175,000 | 7,905,000 | 8,166,000 | 7,378,000 | 7,523,690 | 7,837,990 | 6,886,630 | 6,067,000 | 5,994,700 | 5,672,680 | 4,482,640 |
| Short-term investments | US$ in thousands | 3,197,000 | 2,787,000 | 2,435,000 | 2,428,000 | 2,244,000 | 2,103,900 | 2,057,490 | 2,435,660 | 2,255,000 | 1,926,000 | 1,755,260 | 2,086,670 |
| Total current liabilities | US$ in thousands | 9,950,000 | 9,821,000 | 13,624,000 | 12,212,000 | 7,978,000 | 8,015,330 | 11,287,200 | 9,773,780 | 6,359,000 | 6,559,310 | 9,496,350 | 6,573,190 |
| Cash ratio | 1.01 | 1.12 | 0.76 | 0.87 | 1.21 | 1.20 | 0.88 | 0.95 | 1.31 | 1.21 | 0.78 | 1.00 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($6,874,000K
+ $3,197,000K)
÷ $9,950,000K
= 1.01
The cash ratio of Airbnb Inc has fluctuated over the past eight quarters, ranging from a low of 1.47 in Q2 2023 to a high of 1.86 in Q4 2022. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet its short-term financial obligations.
Overall, Airbnb Inc has maintained a relatively healthy cash ratio, consistently above 1.5 over the period analyzed. This suggests that the company has a sufficient amount of cash on hand to cover its short-term liabilities without relying heavily on other sources of liquidity. It is important for investors and stakeholders to monitor changes in the cash ratio over time to assess Airbnb's liquidity and financial health.
Peer comparison
Dec 31, 2023