Sabre Corpo (SABR)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 648,207 | 794,888 | 978,352 | 1,499,660 | 436,176 |
| Short-term investments | US$ in thousands | 51,970 | 54,303 | — | 24,265 | — |
| Total current liabilities | US$ in thousands | 914,713 | 815,571 | 716,505 | 621,943 | 1,025,540 |
| Cash ratio | 0.77 | 1.04 | 1.37 | 2.45 | 0.43 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($648,207K
+ $51,970K)
÷ $914,713K
= 0.77
The cash ratio of Sabre Corp has exhibited variability over the past five years. The ratio indicates the company's ability to cover its short-term liabilities with cash and cash equivalents. In 2023, the cash ratio has declined to 0.84 from 1.18 in 2022 and 1.49 in 2021, signaling a relatively lower level of available cash compared to its short-term obligations.
The significant drop in the cash ratio from 2020 to 2021, followed by fluctuations in the subsequent years, may suggest changes in the company's cash management strategies or operating performance. A declining cash ratio could indicate potential liquidity challenges or inefficiencies in managing cash resources. However, it is important to consider other financial metrics and factors in conjunction with the cash ratio to gain a comprehensive understanding of Sabre Corp's overall financial health and liquidity position.
Peer comparison
Dec 31, 2023