Expedia Group Inc. (EXPE)
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 | 4,225,000 | 5,056,000 | 6,274,000 | 5,904,000 | 4,096,000 | 4,588,000 | 5,568,000 | 5,552,000 | 4,111,000 | 5,031,000 | 5,464,000 | 4,291,000 | 3,363,000 | 4,353,000 | 5,053,000 | 3,905,000 | 3,315,000 | 3,797,000 | 4,258,000 | 3,708,000 |
| Short-term investments | US$ in thousands | 28,000 | 0 | 27,000 | 44,000 | 48,000 | 49,000 | 26,000 | 0 | 200,000 | 0 | 11,000 | 23,000 | 24,000 | 23,000 | 422,000 | 194,000 | 526,000 | 658,000 | 631,000 | 466,000 |
| Total current liabilities | US$ in thousands | 11,783,000 | 12,560,000 | 15,429,000 | 14,612,000 | 10,778,000 | 11,119,000 | 13,837,000 | 12,469,000 | 9,450,000 | 9,751,000 | 11,713,000 | 8,774,000 | 5,406,000 | 5,636,000 | 7,872,000 | 9,608,000 | 10,714,000 | 10,582,000 | 11,676,000 | 10,726,000 |
| Cash ratio | 0.36 | 0.40 | 0.41 | 0.41 | 0.38 | 0.42 | 0.40 | 0.45 | 0.46 | 0.52 | 0.47 | 0.49 | 0.63 | 0.78 | 0.70 | 0.43 | 0.36 | 0.42 | 0.42 | 0.39 |
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 shown some fluctuation over the past eight quarters, ranging from a low of 0.42 in Q4 2023 to a high of 0.54 in Q1 2022. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external financing.
Expedia Group Inc's cash ratio has generally remained above 0.4, suggesting a reasonable level of liquidity to meet its short-term financial commitments. However, the downward trend from Q1 2022 to Q4 2023 could indicate a potential decrease in its ability to cover immediate liabilities solely through cash resources.
It is important for investors and stakeholders to monitor Expedia Group Inc's cash ratio over time to assess its liquidity position and ability to weather economic uncertainties or financial challenges that may arise in the future.
Peer comparison
Dec 31, 2023