Airbnb Inc (ABNB)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cash | US$ in thousands | 6,874,000 | 7,378,000 | 6,067,000 |
| Short-term investments | US$ in thousands | 3,197,000 | 2,244,000 | 2,255,000 |
| Receivables | US$ in thousands | 205,000 | 161,000 | 111,649 |
| Total current liabilities | US$ in thousands | 9,950,000 | 7,978,000 | 6,359,000 |
| Quick ratio | 1.03 | 1.23 | 1.33 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($6,874,000K
+ $3,197,000K
+ $205,000K)
÷ $9,950,000K
= 1.03
The quick ratio of Airbnb Inc has shown a fluctuating trend over the past five years. The ratio stood at 1.25 in 2019, indicating that the company had $1.25 in liquid assets available to cover each dollar of current liabilities. Subsequently, the quick ratio improved to 1.73 in 2020, indicating a stronger liquidity position.
In 2021, the quick ratio increased further to 1.95, reflecting continued improvement in the company's ability to meet short-term obligations with liquid assets. However, in 2022, there was a slight dip in the quick ratio to 1.86, suggesting a slight decrease in liquidity compared to the previous year.
The latest available data for 2023 shows a quick ratio of 1.66, indicating a further decline in liquidity compared to the previous year. While the quick ratio remains above 1 in all years, indicating that the company has more than enough liquid assets to cover its short-term liabilities, the decreasing trend in recent years may suggest a need for monitoring the company's liquidity management going forward.
Peer comparison
Dec 31, 2023