eBay Inc (EBAY)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 11,016,000 | 10,314,000 | 8,717,000 | 8,598,000 | 9,290,000 | 5,289,000 | 5,067,000 | 7,349,000 | 9,111,000 | 17,756,000 | 20,061,000 | 6,691,000 | 7,190,000 | 6,739,000 | 7,394,000 | 6,248,000 | 4,706,000 | 5,209,000 | 6,844,000 | 6,665,000 |
| 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 |
| Current ratio | 2.44 | 2.16 | 2.45 | 2.68 | 2.18 | 1.33 | 1.28 | 1.48 | 1.97 | 3.35 | 3.96 | 1.30 | 1.80 | 1.75 | 1.58 | 1.34 | 1.16 | 1.41 | 1.31 | 1.48 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $11,016,000K ÷ $4,520,000K
= 2.44
EBay Inc.'s current ratio has shown fluctuations over the past eight quarters. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates that the company has more current assets relative to its current liabilities, signifying a stronger liquidity position.
In Q4 2023, EBay Inc. had a current ratio of 2.44, which was the highest among the data points provided. This suggests that the company had $2.44 in current assets for every $1 of current liabilities, indicating a robust liquidity position at the end of that quarter.
The current ratio peaked in Q2 2023 at 2.45 before decreasing in the subsequent quarter. The slight decline in Q3 2023 to 2.16 may be attributed to changes in the company's current asset and liability mix during that period. It is essential to assess the nature of these fluctuations to understand the company's liquidity management strategies.
Comparing the current ratios across the eight quarters, EBay Inc. generally maintained current ratios above 1, indicating that it had sufficient current assets to cover its short-term liabilities. However, the ratios varied significantly, suggesting fluctuations in the company's liquidity levels over the observed period.
Overall, the trend in EBay Inc.'s current ratio indicates that the company has managed its liquidity effectively, although variations in the ratio highlight the importance of continuously monitoring and managing the balance between current assets and liabilities to ensure financial stability and operational continuity.
Peer comparison
Dec 31, 2023