Booking Holdings Inc (BKNG)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 16,164,000 | 12,107,000 | 12,221,000 | 11,127,000 | 10,562,000 |
| Short-term investments | US$ in thousands | 0 | 576,000 | 175,000 | 25,000 | 501,000 |
| Total current liabilities | US$ in thousands | 15,647,000 | 13,330,000 | 8,474,000 | 6,246,000 | 3,425,000 |
| Cash ratio | 1.03 | 0.95 | 1.46 | 1.79 | 3.23 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($16,164,000K
+ $0K)
÷ $15,647,000K
= 1.03
The cash ratio of Booking Holdings Inc has shown a decreasing trend over the years, starting at 3.23 on December 31, 2020, and decreasing to 1.03 on December 31, 2024. This decreasing trend indicates that the company may have been less liquid over time, as the cash ratio measures the proportion of a company's current assets held in cash to its current liabilities. A cash ratio below 1 suggests that the company may have difficulty covering its short-term obligations with its available cash. It would be prudent for investors and analysts to further investigate the reasons behind this declining trend in Booking Holdings Inc's cash ratio to assess the company's liquidity position accurately.
Peer comparison
Dec 31, 2024