Sabre Corpo (SABR)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,158,590 | 1,361,490 | 1,402,270 | 1,888,100 | 1,121,920 |
| Total current liabilities | US$ in thousands | 914,713 | 815,571 | 716,505 | 621,943 | 1,025,540 |
| Current ratio | 1.27 | 1.67 | 1.96 | 3.04 | 1.09 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,158,590K ÷ $914,713K
= 1.27
The current ratio of Sabre Corp has exhibited a declining trend over the past five years. As of December 31, 2023, the current ratio stands at 1.27, indicating a decrease compared to previous years. A current ratio below 2 suggests that the company may have difficulty meeting its short-term obligations with its current assets alone.
The current ratio of 1.27 in 2023 is significantly lower than the ratio of 1.67 in 2022 and 1.96 in 2021, reflecting a potential liquidity strain or reduced ability to cover short-term liabilities. Moreover, the current ratio of 1.27 in 2023 is notably lower than the ratio of 3.04 in 2020, indicating a substantial decline in liquidity from just three years ago.
It is important for Sabre Corp to closely monitor its current assets and liabilities management to improve its liquidity position and ensure it can meet its short-term financial obligations effectively. Further analysis of the components contributing to the current ratio, such as the levels of cash, accounts receivable, and current liabilities, would provide deeper insights into the company's liquidity management and financial health.
Peer comparison
Dec 31, 2023