Sabre Corpo (SABR)

Quick 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	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	—	—	—	—
Receivables	US$ in thousands	384,441	404,939	453,214	427,458	392,540	412,559	406,920	345,579	304,057	329,838	330,355	293,953	294,250	281,789	291,480	360,677	591,914	585,477	611,403	617,963
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
Quick ratio		1.19	1.12	1.29	1.45	1.52	1.63	1.88	2.21	1.79	2.02	2.24	2.50	2.92	2.83	2.09	1.10	1.00	1.00	0.90	0.94

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 measures a company's ability to meet its short-term liabilities with its most liquid assets. A higher quick ratio indicates a stronger liquidity position.

Based on the data provided, Sabre Corp's quick ratio has been fluctuating over the past eight quarters. In Q4 2023, the quick ratio was 1.24, which decreased from the previous quarter (Q3 2023) where it was 1.29. This suggests a slight decline in the company's ability to cover its short-term liabilities with its quick assets.

Looking back further, the quick ratio has been trending downwards from Q2 2022 to Q4 2023. In Q2 2022, the quick ratio was at its highest point of 2.39, indicating a strong liquidity position. However, since then, there has been a consistent decline in the quick ratio quarter over quarter.

Overall, Sabre Corp's quick ratio has shown a declining trend over the past several quarters, which may raise concerns about the company's liquidity position. It would be important to monitor this trend closely to ensure that the company is able to meet its short-term obligations in a timely manner.