eBay Inc (EBAY)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,433,000K
+ $3,457,000K
+ $—K)
÷ $6,098,000K
= 0.97
The quick ratio of eBay Inc, which measures the company's ability to cover its short-term liabilities with its most liquid assets, has fluctuated over the past few years.
In the most recent period, as of December 31, 2024, the quick ratio stood at 0.97, indicating that eBay may have challenges in meeting its short-term obligations with its quick assets alone. This is slightly below the desirable benchmark of 1, suggesting potential liquidity concerns.
Looking back at previous quarters, the quick ratio has varied significantly. The ratio was notably low at 0.66 as of March 31, 2021, reflecting a potential liquidity strain at that time. However, there was a substantial improvement in the following quarters, with impressive quick ratios of 3.40 and 2.75 recorded as of June 30, 2021, and September 30, 2021, respectively.
Subsequently, the quick ratio stabilized around 1.5 in the following periods up to December 31, 2023, indicating a healthier liquidity position. However, there was a slight decline in the quick ratio to 1.57 as of March 31, 2024, which may raise some concerns about eBay's ability to cover its short-term obligations.
Overall, fluctuations in eBay's quick ratio suggest that the company's liquidity position has been variable over the years. Investors and stakeholders should continue to monitor this ratio to assess eBay's ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024