TripAdvisor Inc (TRIP)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,297,000 | 1,401,000 | 1,478,000 | 1,439,000 | 1,270,000 | 1,309,000 | 1,337,000 | 1,043,000 | 940,000 | 960,000 | 1,006,000 | 845,000 | 573,000 | 613,000 | 853,000 | 1,012,000 | 533,000 | 1,181,000 | 1,271,000 | 1,082,000 |
| Total current liabilities | US$ in thousands | 572,000 | 719,000 | 854,000 | 763,000 | 533,000 | 573,000 | 656,000 | 467,000 | 357,000 | 363,000 | 444,000 | 277,000 | 242,000 | 231,000 | 249,000 | 311,000 | 435,000 | 468,000 | 638,000 | 530,000 |
| Current ratio | 2.27 | 1.95 | 1.73 | 1.89 | 2.38 | 2.28 | 2.04 | 2.23 | 2.63 | 2.64 | 2.27 | 3.05 | 2.37 | 2.65 | 3.43 | 3.25 | 1.23 | 2.52 | 1.99 | 2.04 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,297,000K ÷ $572,000K
= 2.27
The current ratio of TripAdvisor Inc. has shown some fluctuation over the past eight quarters. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A higher current ratio indicates that the company is more capable of meeting its short-term liabilities.
In Q2 2022, the company had a current ratio of 2.04, which increased to 2.23 in Q1 2022, showing an improvement in its ability to cover short-term obligations. However, in the following quarters, the current ratio decreased, reaching its lowest point of 1.73 in Q2 2023. This suggests a potential weakening in the company's short-term liquidity position.
The most recent data available for Q4 2023 shows a current ratio of 2.27, indicating an improvement from the previous quarter. Despite the fluctuations observed, the current ratio has generally remained above 1, which is a positive sign as it indicates that TripAdvisor Inc. has sufficient current assets to meet its current liabilities.
Overall, while there have been variations in the current ratio of TripAdvisor Inc. over the past quarters, the recent increase in Q4 2023 is a positive development for the company's short-term liquidity position.
Peer comparison
Dec 31, 2023