Booking Holdings Inc (BKNG)
Quick ratio
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Cash | US$ in thousands | 16,164,000 | 12,107,000 | 12,221,000 | 11,127,000 | 10,562,000 |
Short-term investments | US$ in thousands | 0 | 576,000 | 175,000 | 25,000 | 501,000 |
Receivables | US$ in thousands | — | — | — | — | — |
Total current liabilities | US$ in thousands | 15,647,000 | 13,330,000 | 8,474,000 | 6,246,000 | 3,425,000 |
Quick ratio | 1.03 | 0.95 | 1.46 | 1.79 | 3.23 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($16,164,000K
+ $0K
+ $—K)
÷ $15,647,000K
= 1.03
The quick ratio of Booking Holdings Inc has shown a significant decline over the years from 3.23 on December 31, 2020, to 1.03 on December 31, 2024. This suggests a potential weakening of the company's short-term liquidity position. A quick ratio below 1 indicates that the company may have difficulties meeting its short-term obligations using only its most liquid assets. It is important for investors and stakeholders to monitor this trend closely to assess the company's ability to cover its immediate financial obligations effectively.
Peer comparison
Dec 31, 2024