Uber Technologies Inc (UBER)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 4,680,000 | 4,208,000 | 4,295,000 | 5,647,000 | 10,873,000 |
| Short-term investments | US$ in thousands | 727,000 | 103,000 | 0 | 1,180,000 | 440,000 |
| Total current liabilities | US$ in thousands | 9,454,000 | 8,853,000 | 9,024,000 | 6,865,000 | 5,639,000 |
| Cash ratio | 0.57 | 0.49 | 0.48 | 0.99 | 2.01 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,680,000K
+ $727,000K)
÷ $9,454,000K
= 0.57
The cash ratio of Uber Technologies Inc has been declining over the past five years, from 2.16 in 2019 to 0.67 in 2023. This indicates a decreasing ability of the company to cover its short-term liabilities with its available cash and cash equivalents.
A cash ratio of less than 1 suggests that Uber may have difficulty meeting its immediate obligations solely with its cash holdings. The decreasing trend in the cash ratio may raise concerns about the company's liquidity position and its ability to handle unexpected expenses or downturns in the business environment.
It is important for investors and stakeholders to monitor Uber's cash management practices and overall liquidity position, as a low cash ratio can potentially indicate financial distress or the need for additional financing. Further analysis of Uber's cash flow management and working capital position would provide more insights into the company's financial health and solvency.
Peer comparison
Dec 31, 2023