Booking Holdings Inc (BKNG)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 16,164,000 | 15,775,000 | 16,290,000 | 15,629,000 | 12,135,000 | 13,294,000 | 14,602,000 | 14,140,000 | 12,221,000 | 9,021,000 | 11,841,000 | 10,549,000 | 11,127,000 | 11,643,000 | 11,231,000 | 12,151,000 | 10,562,000 | 11,197,000 | 10,404,000 | 6,363,000 |
| Short-term investments | US$ in thousands | 0 | 0 | 37,000 | 362,000 | 576,000 | 624,000 | 640,000 | 359,000 | 175,000 | 116,000 | 25,000 | 24,000 | 25,000 | 522,000 | 501,000 | 500,000 | 501,000 | 3,672,000 | 0 | 826,000 |
| Total current liabilities | US$ in thousands | 15,647,000 | 16,678,000 | 18,206,000 | 16,832,000 | 13,330,000 | 12,832,000 | 12,481,000 | 11,070,000 | 8,474,000 | 8,543,000 | 10,282,000 | 7,478,000 | 6,246,000 | 5,779,000 | 6,724,000 | 6,468,000 | 3,425,000 | 3,968,000 | 3,909,000 | 4,136,000 |
| Cash ratio | 1.03 | 0.95 | 0.90 | 0.95 | 0.95 | 1.08 | 1.22 | 1.31 | 1.46 | 1.07 | 1.15 | 1.41 | 1.79 | 2.11 | 1.74 | 1.96 | 3.23 | 3.75 | 2.66 | 1.74 |
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 fluctuating trend over the analyzed period. The ratio indicates the company's ability to cover its short-term liabilities with cash and cash equivalents. Starting at 1.74 on March 31, 2020, the ratio increased steadily to reach a peak of 3.75 on September 30, 2020, showing a strong ability to meet short-term obligations.
However, the cash ratio then experienced a decline, dropping to 1.41 by March 31, 2022, and further down to 0.95 by December 31, 2023. This downward trend suggests a potential weakening liquidity position during these periods. It is worth noting that a cash ratio below 1 indicates that the company may have difficulty meeting its short-term obligations solely with its cash and cash equivalents.
By the end of the analyzed period on December 31, 2024, the cash ratio slightly improved to 1.03. This indicates a moderate ability to cover short-term liabilities with available cash. Management should closely monitor the trend of the cash ratio to ensure the company maintains a healthy liquidity position and can meet its financial obligations in a timely manner.
Peer comparison
Dec 31, 2024