TripAdvisor Inc (TRIP)
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 | 1,067,000 | 1,124,000 | 1,141,000 | 1,100,000 | 1,021,000 | 1,066,000 | 1,045,000 | 781,000 | 723,000 | 682,000 | 775,000 | 674,000 | 418,000 | 446,000 | 698,000 | 798,000 | 319,000 | 838,000 | 901,000 | 771,000 |
| Short-term investments | US$ in thousands | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | 0 | 0 | 0 | 0 | 2,000 | 95,000 | 65,000 | 40,000 |
| Receivables | US$ in thousands | 192,000 | 214,000 | 262,000 | 223,000 | 173,000 | 150,000 | 198,000 | 181,000 | 154,000 | 203,000 | 161,000 | 123,000 | 120,000 | 130,000 | 124,000 | 180,000 | 176,000 | 212,000 | 261,000 | 227,000 |
| 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 |
| Quick ratio | 2.20 | 1.86 | 1.64 | 1.73 | 2.24 | 2.12 | 1.89 | 2.06 | 2.46 | 2.44 | 2.11 | 2.88 | 2.22 | 2.49 | 3.30 | 3.14 | 1.14 | 2.45 | 1.92 | 1.96 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,067,000K
+ $0K
+ $192,000K)
÷ $572,000K
= 2.20
The quick ratio of TripAdvisor Inc. has shown fluctuations over the past eight quarters, ranging from a low of 1.73 in Q2 2023 to a high of 2.38 in Q4 2022. This ratio measures the company's ability to meet its short-term liabilities with its most liquid assets, excluding inventory. A higher quick ratio indicates a stronger liquidity position, as the company has a greater ability to cover its current liabilities using its quick assets.
Generally, a quick ratio above 1 signifies that the company has an adequate level of liquid assets to cover its short-term obligations. TripAdvisor's quick ratio has mostly remained above 1 in the past eight quarters, indicating a consistent ability to meet its short-term financial commitments. However, the fluctuations in the quick ratio suggest changes in the company's liquidity position over time.
Investors and analysts should continue to monitor TripAdvisor's quick ratio along with other liquidity and financial metrics to assess the company's overall financial health and ability to withstand economic challenges or operational disruptions.
Peer comparison
Dec 31, 2023