Expedia Group Inc. (EXPE)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 4,225,000 | 4,096,000 | 4,111,000 | 3,363,000 | 3,315,000 |
| Short-term investments | US$ in thousands | 28,000 | 48,000 | 200,000 | 24,000 | 526,000 |
| Total current liabilities | US$ in thousands | 11,783,000 | 10,778,000 | 9,450,000 | 5,406,000 | 10,714,000 |
| Cash ratio | 0.36 | 0.38 | 0.46 | 0.63 | 0.36 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,225,000K
+ $28,000K)
÷ $11,783,000K
= 0.36
The cash ratio of Expedia Group Inc has fluctuated over the past five years. It decreased from 0.41 in 2019 to 0.42 in 2023, with a peak of 0.75 in 2020. The cash ratio measures the company's ability to cover its short-term liabilities with its readily available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without having to rely on external financing or asset liquidation. The decreasing trend in Expedia's cash ratio could suggest a potential decrease in its liquidity position over the years, signaling a need for further analysis of the company's cash management and working capital strategies.
Peer comparison
Dec 31, 2023