Sabre Corpo (SABR)

Quick ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cash	US$ in thousands	724,479	668,763	633,652	650,174	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
Short-term investments	US$ in thousands	555	—	4,269	4,855	51,970	6,235	3,374	3,620	54,303	3,850	797	—	—	22,698	23,063	23,889	24,265	—	—	24,503
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	1,141,780	1,173,140	1,085,880	892,740	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
Quick ratio		0.64	0.57	0.59	0.73	0.77	0.67	0.79	0.95	1.04	1.07	1.33	1.71	1.37	1.54	1.74	2.04	2.45	2.42	1.71	0.73

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($724,479K + $555K + $—K) ÷ $1,141,780K
= 0.64

The quick ratio of Sabre Corpo has fluctuated over the past few years, starting at a relatively low level of 0.73 on March 31, 2020, indicating a potential liquidity concern. However, the company saw a significant improvement in its quick ratio, reaching a peak of 2.45 on December 31, 2020, suggesting an improvement in its ability to meet short-term obligations with its most liquid assets.

Subsequently, the quick ratio experienced some fluctuations, generally maintaining above 1.0, which is considered a healthy level for most companies. However, there was a downward trend from March 31, 2022, to December 31, 2024, with the quick ratio decreasing to 0.64 by the end of December 2024. This downward trend may indicate a potential liquidity challenge for Sabre Corpo in the short term.

Overall, while the quick ratio has shown some volatility over the years, staying above 1.0 is generally positive, as it indicates that the company has an adequate level of liquid assets to cover its current liabilities. However, the recent decline in the quick ratio warrants further monitoring to assess Sabre Corpo's ability to meet its short-term obligations in the future.