Uber Technologies Inc (UBER)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 5,893,000 | 5,485,000 | 4,208,000 | 4,295,000 | 5,647,000 |
| Short-term investments | US$ in thousands | 1,084,000 | 727,000 | 103,000 | 1,180,000 | 1,180,000 |
| Total current liabilities | US$ in thousands | 11,476,000 | 9,454,000 | 8,853,000 | 9,024,000 | 6,865,000 |
| Cash ratio | 0.61 | 0.66 | 0.49 | 0.61 | 0.99 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($5,893,000K
+ $1,084,000K)
÷ $11,476,000K
= 0.61
The cash ratio for Uber Technologies Inc has shown fluctuations over the years, starting at 0.99 in December 31, 2020 and decreasing to 0.61 in December 31, 2021. Subsequently, the ratio further declined to 0.49 in December 31, 2022, indicating a decreasing ability to cover short-term liabilities solely with cash and cash equivalents. However, there was a slight improvement in December 31, 2023, where the cash ratio increased to 0.66. Yet, it reverted to 0.61 by December 31, 2024, suggesting a relative stability but still below the benchmark of 1.0. Overall, Uber Technologies Inc may need to closely monitor its liquidity position to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024