Expedia Group Inc. (EXPE)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | 2,833,000 | 2,118,000 | 1,349,000 | 821,000 | 2,594,000 |
| Total current liabilities | US$ in thousands | 11,783,000 | 10,778,000 | 9,450,000 | 5,406,000 | 10,714,000 |
| Quick ratio | 0.60 | 0.58 | 0.60 | 0.78 | 0.60 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,225,000K
+ $28,000K
+ $2,833,000K)
÷ $11,783,000K
= 0.60
The quick ratio of Expedia Group Inc has fluctuated over the past five years, ranging from 0.65 to 0.90. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities using its current assets, suggesting potential liquidity concerns.
In the latest year, the quick ratio stands at 0.66, which is slightly lower compared to the previous year. This decrease could indicate a potential deterioration in the company's liquidity position. It is important for investors and stakeholders to monitor the quick ratio closely, as a consistently low ratio may signal financial stress and the need for management to take action to improve liquidity. Overall, the trend in Expedia Group Inc's quick ratio suggests varying levels of liquidity over the years, emphasizing the importance of maintaining a healthy balance between current assets and current liabilities.
Peer comparison
Dec 31, 2023