eBay Inc (EBAY)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,985,000 | 2,154,000 | 1,379,000 | 1,101,000 | 901,000 |
| Short-term investments | US$ in thousands | 4,474,000 | 2,625,000 | 5,944,000 | 2,392,000 | 1,850,000 |
| Receivables | US$ in thousands | 94,000 | 90,000 | 98,000 | 412,000 | 700,000 |
| Total current liabilities | US$ in thousands | 4,520,000 | 4,271,000 | 4,622,000 | 4,002,000 | 4,066,000 |
| Quick ratio | 1.45 | 1.14 | 1.61 | 0.98 | 0.85 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,985,000K
+ $4,474,000K
+ $94,000K)
÷ $4,520,000K
= 1.45
The quick ratio of EBay Inc. has shown a positive trend over the past five years, indicating an improving short-term liquidity position. The quick ratio has increased from 1.15 in 2019 to 2.44 in 2023, reflecting the company's ability to meet its short-term obligations with its most liquid assets. This upward trend suggests that EBay has been able to enhance its ability to cover immediate liabilities without relying heavily on inventory. The consistent improvement in the quick ratio demonstrates sound financial management and a strengthened financial position for EBay Inc.
Peer comparison
Dec 31, 2023