eBay Inc (EBAY)
Cash 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 and cash equivalents | US$ in thousands | 1,985,000 | 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 | 1,101,000 | 963,000 | 1,006,000 | 880,000 | 901,000 | 897,000 | 1,508,000 | 1,695,000 |
| Short-term investments | US$ in thousands | 4,474,000 | 4,023,000 | 2,656,000 | 2,866,000 | 2,625,000 | 1,457,000 | 1,483,000 | 3,771,000 | 5,944,000 | 9,279,000 | 15,092,000 | 1,700,000 | 2,392,000 | 2,697,000 | 4,297,000 | 3,550,000 | 1,850,000 | 2,189,000 | 2,969,000 | 2,746,000 |
| Total current liabilities | US$ in thousands | 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 | 4,066,000 | 3,685,000 | 5,209,000 | 4,500,000 |
| Cash ratio | 1.43 | 1.37 | 1.39 | 1.54 | 1.12 | 0.88 | 0.81 | 1.12 | 1.58 | 1.99 | 3.40 | 0.66 | 0.87 | 0.95 | 1.13 | 0.95 | 0.68 | 0.84 | 0.86 | 0.99 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,985,000K
+ $4,474,000K)
÷ $4,520,000K
= 1.43
EBay Inc.'s cash ratio has shown fluctuations over the past eight quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
In Q4 2023, EBay Inc. had a cash ratio of 2.42, indicating that the company had $2.42 in cash and cash equivalents for every $1 of current liabilities. This was an improvement from the previous quarter, Q3 2023, where the cash ratio was 2.14.
The highest cash ratio observed in the data provided was in Q2 2023 at 2.45, suggesting a stronger liquidity position for EBay Inc. in that period. The lowest cash ratio was in Q3 2022 at 1.33, signifying a lower ability to cover short-term obligations with cash on hand.
Overall, EBay Inc. has shown a generally healthy trend in its cash ratio, with fluctuations reflecting changes in cash holdings and short-term liabilities. It is important for investors and stakeholders to monitor the cash ratio to assess the company's liquidity and ability to meet its financial obligations in the short term.
Peer comparison
Dec 31, 2023