Booking Holdings Inc (BKNG)
Quick ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 12,107,000 | 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 | 6,312,000 | 6,466,000 | 5,256,000 | 2,334,000 |
| Short-term investments | US$ in thousands | 576,000 | 624,000 | 640,000 | 359,000 | 175,000 | 116,000 | 25,000 | — | 25,000 | 522,000 | 501,000 | 500,000 | 501,000 | 0 | 0 | 826,000 | 998,000 | 973,000 | 1,553,000 | 1,981,000 |
| Receivables | US$ in thousands | 3,063,000 | 3,293,000 | 2,745,000 | 1,908,000 | 2,113,000 | 2,202,000 | 2,149,000 | 1,543,000 | 1,309,000 | 1,230,000 | 910,000 | 402,000 | 376,000 | 703,000 | 370,000 | -245,000 | 1,261,000 | 1,788,000 | 1,973,000 | 1,491,000 |
| Total current liabilities | US$ in thousands | 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 | 5,366,000 | 5,528,000 | 6,349,000 | 5,576,000 |
| Quick ratio | 1.18 | 1.34 | 1.44 | 1.48 | 1.71 | 1.33 | 1.36 | 1.62 | 2.00 | 2.32 | 1.88 | 2.02 | 3.34 | 3.00 | 2.76 | 1.68 | 1.60 | 1.67 | 1.38 | 1.04 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($12,107,000K
+ $576,000K
+ $3,063,000K)
÷ $13,330,000K
= 1.18
The quick ratio of Booking Holdings Inc has fluctuated over the past eight quarters, ranging from a low of 1.28 in Q4 2023 to a high of 1.86 in Q4 2022. The quick ratio measures the company's ability to pay off its current liabilities using its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its short-term obligations.
The decreasing trend in the quick ratio from Q4 2022 to Q4 2023 suggests a potential decrease in the company's liquidity position. However, the ratio remained above 1 in all quarters, indicating that Booking Holdings Inc has generally maintained a healthy liquidity position and is capable of meeting its short-term obligations using its liquid assets.
It is important for stakeholders to continue monitoring the trend of the quick ratio to ensure that the company's liquidity position remains stable and that it can effectively manage its short-term financial obligations.
Peer comparison
Dec 31, 2023