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