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.
Peer comparison
Dec 31, 2023