Uber Technologies Inc (UBER)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 12,245,000 | 11,297,000 | 9,249,000 | 8,819,000 | 9,882,000 |
| Total current liabilities | US$ in thousands | 11,476,000 | 9,454,000 | 8,853,000 | 9,024,000 | 6,865,000 |
| Current ratio | 1.07 | 1.19 | 1.04 | 0.98 | 1.44 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $12,245,000K ÷ $11,476,000K
= 1.07
The current ratio of Uber Technologies Inc has exhibited fluctuations over the past five years. As of December 31, 2020, the current ratio stood at 1.44, indicating that the company had $1.44 in current assets to cover each dollar of current liabilities. However, by December 31, 2021, the current ratio had decreased to 0.98, suggesting a potential strain on short-term liquidity as the ratio dropped below 1.
Subsequently, the current ratio improved to 1.04 by December 31, 2022, signaling a better position in terms of liquidity. This improvement continued, with the ratio reaching 1.19 by December 31, 2023, indicating that the company had strengthened its ability to meet short-term obligations with its current assets.
However, by December 31, 2024, the current ratio decreased to 1.07, showing a slight decline in liquidity compared to the previous year. Overall, while there have been fluctuations in the current ratio of Uber Technologies Inc over the past five years, the company has generally maintained a ratio above 1, suggesting a reasonable ability to cover its short-term liabilities with current assets.
Peer comparison
Dec 31, 2024