Booking Holdings Inc (BKNG)

Cash ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents US$ in thousands 12,107,000 12,221,000 11,127,000 10,562,000 6,312,000
Short-term investments US$ in thousands 576,000 175,000 25,000 501,000 998,000
Total current liabilities US$ in thousands 13,330,000 8,474,000 6,246,000 3,425,000 5,366,000
Cash ratio 0.95 1.46 1.79 3.23 1.36

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($12,107,000K + $576,000K) ÷ $13,330,000K
= 0.95

The cash ratio for Booking Holdings Inc has shown a declining trend over the past five years, indicating a decreasing ability to cover its short-term liabilities solely with cash and cash equivalents. In 2019, the company had a cash ratio of 1.52, which dropped to 1.03 in 2023. This decline suggests a potential liquidity challenge or a shift in the company's cash management strategy. It is important for investors and stakeholders to closely monitor this trend to assess Booking Holdings Inc's liquidity position and financial health.


Peer comparison

Dec 31, 2023


See also:

Booking Holdings Inc Cash Ratio