Expedia Group Inc. (EXPE)
Quick 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 | 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 |
| Receivables | US$ in thousands | 2,833,000 | 2,837,000 | 2,973,000 | 2,576,000 | 2,118,000 | 2,056,000 | 2,278,000 | 1,829,000 | 1,349,000 | 1,587,000 | 1,839,000 | 1,399,000 | 821,000 | 949,000 | 1,109,000 | 1,497,000 | 2,594,000 | 2,746,000 | 3,021,000 | 2,763,000 |
| 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 |
| Quick ratio | 0.60 | 0.63 | 0.60 | 0.58 | 0.58 | 0.60 | 0.57 | 0.59 | 0.60 | 0.68 | 0.62 | 0.65 | 0.78 | 0.94 | 0.84 | 0.58 | 0.60 | 0.68 | 0.68 | 0.65 |
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 been relatively stable over the past eight quarters, ranging between 0.65 and 0.69. This indicates that the company may face challenges in meeting its short-term obligations with its most liquid assets. The ratio suggests that for every dollar of current liabilities, Expedia Group has between $0.65 and $0.69 of quick assets available to cover these obligations. A quick ratio below 1 may raise concerns about the company's liquidity and ability to pay off its short-term debts. Investors and stakeholders may monitor how the quick ratio evolves in future quarters to assess Expedia Group's liquidity position.
Peer comparison
Dec 31, 2023