Uber Technologies Inc (UBER)
Cash 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 and cash equivalents | US$ in thousands | 5,893,000 | 7,083,000 | 5,273,000 | 5,827,000 | 5,485,000 | 4,448,000 | 4,995,000 | 4,045,000 | 4,208,000 | 4,865,000 | 4,397,000 | 4,184,000 | 4,295,000 | 6,482,000 | 4,443,000 | 4,836,000 | 5,647,000 | 6,154,000 | 6,754,000 | 8,165,000 |
| Short-term investments | US$ in thousands | 1,084,000 | 2,913,000 | 1,795,000 | 744,000 | 727,000 | 725,000 | 538,000 | 121,000 | 103,000 | — | — | — | -132,000 | 1,132,000 | 560,000 | 819,000 | 1,180,000 | 1,132,000 | 1,033,000 | 831,000 |
| Total current liabilities | US$ in thousands | 11,476,000 | 10,835,000 | 10,318,000 | 9,993,000 | 9,454,000 | 9,405,000 | 8,635,000 | 8,683,000 | 8,853,000 | 9,020,000 | 8,945,000 | 8,652,000 | 9,024,000 | 8,126,000 | 7,684,000 | 7,288,000 | 6,865,000 | 6,921,000 | 5,891,000 | 6,631,000 |
| Cash ratio | 0.61 | 0.92 | 0.69 | 0.66 | 0.66 | 0.55 | 0.64 | 0.48 | 0.49 | 0.54 | 0.49 | 0.48 | 0.46 | 0.94 | 0.65 | 0.78 | 0.99 | 1.05 | 1.32 | 1.36 |
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 of Uber Technologies Inc, which measures the company's ability to cover its short-term liabilities using its cash and cash equivalents, has shown fluctuation over the periods from March 31, 2020, to December 31, 2024.
The ratio started at a comfortable 1.36 on March 31, 2020, indicating that Uber had sufficient cash to cover its current liabilities. However, over the subsequent quarters and years, the cash ratio gradually decreased, falling to its lowest point of 0.46 on December 31, 2021. This downward trend may suggest potential liquidity challenges or increased short-term liabilities during this period.
From March 31, 2022, onwards, the cash ratio began to recover, reaching 0.69 on June 30, 2024. This improvement could indicate enhanced cash management or a reduction in short-term liabilities, positively impacting Uber's liquidity position.
On September 30, 2024, the cash ratio further increased to 0.92 before slightly declining to 0.61 by December 31, 2024. Overall, while the cash ratio of Uber fluctuated during the analyzed period, it displayed a mix of strengths and weaknesses in managing its short-term liquidity needs based on its cash reserves.
Peer comparison
Dec 31, 2024