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


See also:

Expedia Group Inc. Quick Ratio