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.