Expedia Group Inc. (EXPE)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 4,183,000 | 4,722,000 | 6,242,000 | 5,686,000 | 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 |
| Short-term investments | US$ in thousands | 300,000 | 196,000 | 31,000 | 26,000 | 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 |
| Receivables | US$ in thousands | 3,252,000 | 3,832,000 | 4,198,000 | 3,806,000 | 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 |
| Total current liabilities | US$ in thousands | 13,611,000 | 14,787,000 | 17,756,000 | 15,565,000 | 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 |
| Quick ratio | 0.57 | 0.59 | 0.59 | 0.61 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,183,000K
+ $300,000K
+ $3,252,000K)
÷ $13,611,000K
= 0.57
Expedia Group Inc.'s quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, has exhibited some fluctuations over the period indicated. The quick ratio has generally ranged between 0.57 and 0.94, with the lowest point being 0.57 and the highest being 0.94.
The quick ratio shows a downward trend initially, dropping from 0.94 in September 2020 to a low of 0.57 by December 2024. There are slight fluctuations in between, but the overall trajectory is a decrease.
A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its liquid assets alone. Therefore, the declining trend in Expedia Group Inc.'s quick ratio may suggest a potential liquidity concern or an increase in short-term liabilities relative to liquid assets. It would be essential for the company to closely monitor its liquidity position and take appropriate actions to ensure it can fulfill its short-term obligations in a timely manner.
Peer comparison
Dec 31, 2024