Booking Holdings Inc (BKNG)
Current ratio
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Total current assets | US$ in thousands | 17,034,000 | 15,798,000 | 13,145,000 | 12,206,000 | 9,833,000 |
Total current liabilities | US$ in thousands | 13,330,000 | 8,474,000 | 6,246,000 | 3,425,000 | 5,366,000 |
Current ratio | 1.28 | 1.86 | 2.10 | 3.56 | 1.83 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $17,034,000K ÷ $13,330,000K
= 1.28
The current ratio of Booking Holdings Inc has shown varying trends over the past five years. As of December 31, 2023, the current ratio stands at 1.28, which indicates that the company has $1.28 in current assets for every $1 in current liabilities.
Compared to the previous year, the current ratio has decreased significantly from 1.86 in December 31, 2022. This decline may suggest potential liquidity challenges or an imbalance in the company's current asset and liability structure.
Furthermore, when looking at the trend over the past five years, the current ratio has fluctuated considerably, ranging from a high of 3.56 in December 31, 2020, to a low of 1.83 in December 31, 2019. Such fluctuations could be attributed to changes in the company's working capital management, asset allocation, or debt levels.
Overall, the decreasing trend in Booking Holdings Inc's current ratio raises concerns about the company's short-term liquidity position and its ability to meet immediate financial obligations. It would be advisable for stakeholders to further assess the company's current asset composition and management strategies to ensure financial stability and efficiency in the near term.
Peer comparison
Dec 31, 2023