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.
Peer comparison
Dec 31, 2023