Hyatt Hotels Corporation (H)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,130,000 | 1,751,000 | 1,990,000 | 2,150,000 | 2,250,000 | 2,634,000 | 2,892,000 | 2,597,000 | 2,062,000 | 3,239,000 | 2,474,000 | 2,332,000 | 2,563,000 | 2,638,000 | 1,938,000 | 1,753,000 | 1,706,000 | 1,476,000 | 1,304,000 | 1,302,000 |
| 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 |
| Current ratio | 0.60 | 0.73 | 0.76 | 0.64 | 0.68 | 0.89 | 1.20 | 1.03 | 0.92 | 3.70 | 2.43 | 2.45 | 2.60 | 2.72 | 2.76 | 1.48 | 1.57 | 1.41 | 1.17 | 1.18 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,130,000K ÷ $3,578,000K
= 0.60
The current ratio of Hyatt Hotels Corporation has exhibited fluctuations over the past eight quarters, showing a range from 0.62 to 1.23. In Q4 2023, the current ratio stands at 0.62, indicating that the company may face difficulty in meeting its short-term obligations with its current assets. However, it is important to note that this ratio has been trending downwards over the recent quarters, starting from 1.23 in Q2 2022.
A current ratio below 1 suggests that the company's current liabilities exceed its current assets, which may raise concerns about its liquidity and ability to cover short-term obligations. The decreasing trend observed since Q2 2022 indicates a potential deterioration in the company's ability to pay off its short-term debts.
It is crucial for Hyatt Hotels Corporation to closely monitor and manage its current assets and liabilities to improve its current ratio and ensure its financial health in the short term. Further analysis of the components contributing to current assets and liabilities would provide deeper insights into the company's liquidity position.
Peer comparison
Dec 31, 2023