eBay Inc (EBAY)
Cash 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 and cash equivalents | US$ in thousands | 2,433,000 | 1,589,000 | 2,197,000 | 2,209,000 | 2,008,000 | 2,550,000 | 2,268,000 | 2,082,000 | 2,154,000 | 2,037,000 | 1,742,000 | 1,798,000 | 1,379,000 | 1,244,000 | 2,128,000 | 1,667,000 | 1,428,000 | 963,000 | 1,006,000 | 880,000 |
| Short-term investments | US$ in thousands | 3,457,000 | 3,302,000 | 3,203,000 | 5,983,000 | 7,007,000 | 6,167,000 | 4,864,000 | 4,788,000 | 5,317,000 | 1,457,000 | 1,457,000 | 3,771,000 | 5,944,000 | 13,317,000 | 15,092,000 | 1,700,000 | 2,398,000 | 2,697,000 | 4,297,000 | 3,550,000 |
| Total current liabilities | US$ in thousands | 6,098,000 | 5,639,000 | 5,799,000 | 5,233,000 | 4,520,000 | 4,782,000 | 3,555,000 | 3,206,000 | 4,271,000 | 3,974,000 | 3,972,000 | 4,982,000 | 4,622,000 | 5,296,000 | 5,063,000 | 5,130,000 | 4,002,000 | 3,840,000 | 4,692,000 | 4,673,000 |
| Cash ratio | 0.97 | 0.87 | 0.93 | 1.57 | 1.99 | 1.82 | 2.01 | 2.14 | 1.75 | 0.88 | 0.81 | 1.12 | 1.58 | 2.75 | 3.40 | 0.66 | 0.96 | 0.95 | 1.13 | 0.95 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,433,000K
+ $3,457,000K)
÷ $6,098,000K
= 0.97
The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. For eBay Inc, the cash ratio fluctuated over the period analyzed.
As of March 31, 2020, eBay Inc had a cash ratio of 0.95, indicating that it had $0.95 of cash and cash equivalents for every dollar of current liabilities. The ratio increased to 1.13 by June 30, 2020, showing an improvement in liquidity. However, the ratio dropped back to 0.95 by September 30, 2020.
From March 31, 2021, to June 30, 2021, eBay's cash ratio saw a significant increase, jumping to 3.40, which could signal a strong liquidity position during that period. The ratio remained elevated at 2.75 as of September 30, 2021.
Throughout the subsequent quarters, the cash ratio fluctuated within a range, showing values between 0.66 and 2.14. By December 31, 2024, the cash ratio stood at 0.97.
In summary, eBay Inc's cash ratio varied over the period, reflecting fluctuations in its cash position relative to short-term liabilities. It is important for investors and analysts to monitor changes in the cash ratio as it provides insights into the company's liquidity and ability to meet its short-term obligations.
Peer comparison
Dec 31, 2024