Hyatt Hotels Corporation (H)
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 | 1,011,000 | 1,095,000 | 1,253,000 | 740,000 | 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 |
| Short-term investments | US$ in thousands | 372,000 | 39,000 | 704,000 | 54,000 | 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 |
| Receivables | US$ in thousands | 1,121,000 | 960,000 | 866,000 | 895,000 | 883,000 | 762,000 | 787,000 | 828,000 | 834,000 | 702,000 | 699,000 | 655,000 | 633,000 | 373,000 | 360,000 | 340,000 | 316,000 | 322,000 | 313,000 | 365,000 |
| Total current liabilities | US$ in thousands | 3,274,000 | 2,936,000 | 3,744,000 | 3,382,000 | 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 |
| Quick ratio | 0.76 | 0.71 | 0.75 | 0.50 | 0.50 | 0.62 | 0.65 | 0.56 | 0.60 | 0.70 | 1.10 | 0.78 | 0.82 | 3.59 | 2.06 | 2.07 | 2.23 | 2.48 | 2.59 | 1.38 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,011,000K
+ $372,000K
+ $1,121,000K)
÷ $3,274,000K
= 0.76
The Quick Ratio of Hyatt Hotels Corporation, a key liquidity metric, has shown fluctuations over the reported period. The ratio stood at 1.38 as of March 31, 2020, indicating that the company had $1.38 of highly liquid assets available to cover each dollar of current liabilities. Subsequently, the ratio improved significantly to 3.59 as of September 30, 2021, suggesting a strong ability to meet immediate financial obligations.
However, there was a notable decline in the Quick Ratio to 0.82 by December 31, 2021, possibly indicating a reduction in liquid assets relative to short-term liabilities. This decline continued into the following periods, reaching a low of 0.50 as of March 31, 2024, which may raise concerns about the company's short-term liquidity position.
Overall, the trend in the Quick Ratio suggests fluctuations in Hyatt Hotels Corporation's ability to meet short-term obligations with liquid assets, indicating the need for careful monitoring of liquidity management practices to ensure financial stability.
Peer comparison
Dec 31, 2024