Hyatt Hotels Corporation (H)
Cash 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 and cash equivalents | US$ in thousands | 881,000 | 701,000 | 882,000 | 948,000 | 991,000 | 1,223,000 | 1,428,000 | 1,023,000 | 960,000 | 2,418,000 | 1,144,000 | 1,078,000 | 1,207,000 | 1,778,000 | 1,438,000 | 1,194,000 | 893,000 | 660,000 | 515,000 | 547,000 |
| Short-term investments | US$ in thousands | 15,000 | 26,000 | 24,000 | 103,000 | 158,000 | 151,000 | 527,000 | 282,000 | 227,000 | 357,000 | 593,000 | 550,000 | 675,000 | 310,000 | 65,000 | 68,000 | 68,000 | 63,000 | 62,000 | 54,000 |
| Total current liabilities | US$ in thousands | 3,578,000 | 2,408,000 | 2,621,000 | 3,347,000 | 3,287,000 | 2,957,000 | 2,411,000 | 2,520,000 | 2,232,000 | 876,000 | 1,017,000 | 950,000 | 984,000 | 970,000 | 701,000 | 1,183,000 | 1,086,000 | 1,044,000 | 1,114,000 | 1,105,000 |
| Cash ratio | 0.25 | 0.30 | 0.35 | 0.31 | 0.35 | 0.46 | 0.81 | 0.52 | 0.53 | 3.17 | 1.71 | 1.71 | 1.91 | 2.15 | 2.14 | 1.07 | 0.88 | 0.69 | 0.52 | 0.54 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($881,000K
+ $15,000K)
÷ $3,578,000K
= 0.25
The cash ratio of Hyatt Hotels Corporation has been fluctuating over the past eight quarters, ranging from 0.32 to 0.88. The cash ratio measures the company's ability to cover its short-term liabilities solely based on its cash and cash equivalents. A higher cash ratio indicates that the company holds a greater proportion of its current liabilities in cash, which signifies a stronger liquidity position.
In the most recent quarter, Q4 2023, the cash ratio was 0.32, indicating that the company had 32 cents in cash for every dollar of current liabilities. This ratio has shown a declining trend over the last four quarters, from 0.42 in Q4 2022 to 0.32 in Q4 2023.
The peak in the cash ratio was observed in Q2 2022 at 0.88, reflecting a significant increase in the company's cash reserves relative to its short-term obligations. However, this was followed by a notable decrease in the subsequent quarters.
Overall, the fluctuation in Hyatt Hotels Corporation's cash ratio suggests varying levels of liquidity and the company's ability to meet its short-term obligations using its cash holdings. It is essential for investors and stakeholders to monitor these ratios to assess the company's financial health and liquidity position accurately.
Peer comparison
Dec 31, 2023