Expedia Group Inc. (EXPE)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 9,230,000 | 8,791,000 | 8,181,000 | 5,634,000 | 7,735,000 |
| Total current liabilities | US$ in thousands | 11,783,000 | 10,778,000 | 9,450,000 | 5,406,000 | 10,714,000 |
| Current ratio | 0.78 | 0.82 | 0.87 | 1.04 | 0.72 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $9,230,000K ÷ $11,783,000K
= 0.78
Expedia Group Inc's current ratio has displayed a declining trend over the past five years, dropping from 1.04 in 2020 to 0.78 in 2023. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A ratio below 1 indicates that the company may have difficulties meeting its short-term obligations using its current assets alone.
Expedia's current ratio has been below 1 since 2019, which could signal potential liquidity concerns. A sustained current ratio below 1 may indicate that the company may rely on other sources of financing or struggle to meet its short-term obligations without additional support. It is important for investors and stakeholders to monitor this ratio closely to assess the company's liquidity position and ability to manage short-term financial obligations effectively.
Peer comparison
Dec 31, 2023