Booking Holdings Inc (BKNG)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
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 fluctuations over the past few years. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, has ranged from a high of 3.75 in September 2020 to a low of 0.90 in June 2024.
In general, a quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities. However, the downward trend in the quick ratio from 2022 to 2024, falling below 1 in December 2023, and remaining below that level in subsequent periods, may suggest a potential liquidity concern.
It is important for investors and stakeholders to monitor the quick ratio closely, as a declining trend could indicate that the company may face challenges in meeting its short-term obligations using its current liquid assets. Further analysis of the company's cash flow and working capital management may provide additional insight into its liquidity position.
Peer comparison
Dec 31, 2024