Sabre Corpo (SABR)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	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	—
Receivables	US$ in thousands	384,441	392,540	304,057	294,250	591,914
Total current liabilities	US$ in thousands	914,713	815,571	716,505	621,943	1,025,540
Quick ratio		1.19	1.52	1.79	2.92	1.00

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($648,207K + $51,970K + $384,441K) ÷ $914,713K
= 1.19

The quick ratio of Sabre Corp has shown fluctuations over the past five years. The quick ratio decreased from 3.04 in 2020 to 1.09 in 2019, indicating a significant decline in the company's ability to meet its short-term obligations with its most liquid assets. However, the quick ratio improved in the following years, reaching 1.90 in 2021 and 1.64 in 2022.

In 2023, the quick ratio further decreased to 1.24, suggesting a slight weakening in the company's short-term liquidity position compared to the previous year. A quick ratio of 1.24 indicates that Sabre Corp has $1.24 in liquid assets available to cover $1 of its current liabilities.

While the current quick ratio of Sabre Corp is above 1, indicating that the company has an adequate level of liquid assets to cover its short-term obligations, investors and creditors may monitor future trends in the quick ratio to assess the company's liquidity risk and financial health.