Uber Technologies Inc (UBER)

Current ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Total current assets US$ in thousands 11,297,000 9,249,000 8,819,000 9,882,000 13,925,000
Total current liabilities US$ in thousands 9,454,000 8,853,000 9,024,000 6,865,000 5,639,000
Current ratio 1.19 1.04 0.98 1.44 2.47

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $11,297,000K ÷ $9,454,000K
= 1.19

The current ratio of Uber Technologies Inc has shown variations over the past five years. In 2019, the current ratio was relatively high at 2.47, indicating a strong ability to cover short-term obligations with current assets. However, there has been a downward trend in the current ratio since then, reaching 0.98 in 2021, which may suggest a weakening liquidity position.

In 2022 and 2023, the current ratio improved slightly to 1.04 and 1.19, respectively. While the latest current ratio of 1.19 signifies that the company's current assets can cover 119% of its current liabilities, it is still lower than the 2019 ratio. This indicates that Uber may have been less efficient in managing its short-term obligations in recent years compared to the past.

Overall, the current ratio of Uber Technologies Inc has fluctuated, with a declining trend between 2019 and 2021 followed by some improvement in 2022 and 2023. It is essential for the company to monitor its liquidity position closely to ensure it can meet its short-term financial obligations effectively.


Peer comparison

Dec 31, 2023


See also:

Uber Technologies Inc Current Ratio