Uber Technologies Inc (UBER)
Cash 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 and cash equivalents | US$ in thousands | 4,680,000 | 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 | 10,873,000 | 12,650,000 | 11,744,000 | 5,745,000 |
| Short-term investments | US$ in thousands | 727,000 | 725,000 | 538,000 | 121,000 | 103,000 | — | — | — | 0 | 0 | 560,000 | 819,000 | 1,180,000 | 1,132,000 | 1,033,000 | 831,000 | 440,000 | 10,412,000 | 10,415,000 | — |
| Total current liabilities | US$ in thousands | 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 | 5,639,000 | 5,372,000 | 5,570,000 | 4,714,000 |
| Cash ratio | 0.57 | 0.55 | 0.64 | 0.48 | 0.49 | 0.54 | 0.49 | 0.48 | 0.48 | 0.80 | 0.65 | 0.78 | 0.99 | 1.05 | 1.32 | 1.36 | 2.01 | 4.29 | 3.98 | 1.22 |
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 shown some fluctuations over the past eight quarters, ranging from 0.58 to 0.76. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet these obligations without relying on external sources of funding.
In Q2 2023 and Q3 2023, Uber's cash ratio was 0.76 and 0.66 respectively, demonstrating a relatively healthier liquidity position during those periods. However, in Q1 2023 and Q4 2022, the cash ratio dropped to 0.58, indicating a lower proportion of cash to cover short-term liabilities. This may suggest potential liquidity challenges during those quarters.
Overall, Uber's cash ratio has generally been above 0.6, indicating that the company has maintained a reasonable level of liquidity to meet its short-term financial obligations. Investors and stakeholders should continue to monitor Uber's cash ratio to assess its liquidity position and ability to weather any potential financial challenges.
Peer comparison
Dec 31, 2023