Sabre Corpo (SABR)

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	648,207	601,604	706,148	817,075	794,888	782,763	992,180	1,186,410	978,352	1,023,770	1,122,110	1,284,920	1,499,660	1,668,350	1,306,290	684,472	436,176	473,428	396,848	459,487
Short-term investments	US$ in thousands	51,970	6,235	3,374	3,620	54,303	3,850	—	—	—	22,698	23,063	23,889	24,265	—	—	24,503	—	—	—	—
Total current liabilities	US$ in thousands	914,713	907,757	899,311	863,656	815,571	737,648	745,489	694,529	716,505	681,419	659,786	641,974	621,943	688,716	764,411	968,329	1,025,540	1,063,270	1,120,350	1,147,160
Cash ratio		0.77	0.67	0.79	0.95	1.04	1.07	1.33	1.71	1.37	1.54	1.74	2.04	2.45	2.42	1.71	0.73	0.43	0.45	0.35	0.40

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 measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. Sabre Corp's cash ratio has been declining over the past few quarters, indicating a decreased ability to meet its short-term obligations solely with its available cash.

In Q4 2023, the cash ratio was reported at 0.84, decreased from 0.86 in Q3 2023. This downward trend suggests that Sabre Corp may be experiencing challenges in maintaining a sufficient level of cash reserves compared to its short-term liabilities. It is important for the company to closely monitor its liquidity position and consider strategies to improve its cash reserve management in order to meet its financial obligations efficiently.