Uber Technologies Inc (UBER)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 12,245,000 | 15,331,000 | 12,483,000 | 12,074,000 | 11,297,000 | 10,679,000 | 10,664,000 | 9,196,000 | 9,249,000 | 9,368,000 | 8,751,000 | 8,665,000 | 8,819,000 | 9,684,000 | 7,783,000 | 8,295,000 | 9,882,000 | 9,412,000 | 9,662,000 | 11,114,000 |
| 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 |
| Current ratio | 1.07 | 1.41 | 1.21 | 1.21 | 1.19 | 1.14 | 1.23 | 1.06 | 1.04 | 1.04 | 0.98 | 1.00 | 0.98 | 1.19 | 1.01 | 1.14 | 1.44 | 1.36 | 1.64 | 1.68 |
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 fluctuated over the past few years. The ratio, which measures the company's ability to meet its short-term obligations with its current assets, has generally remained above 1, indicating that the company has had sufficient current assets to cover its current liabilities.
From March 31, 2020, to December 31, 2021, the current ratio trended downwards from 1.68 to 0.98, suggesting a potential weakening of Uber's short-term liquidity position. However, there was a slight recovery in the ratio from March 31, 2022, to June 30, 2024, hovering around the range of 1.00 to 1.41. This indicates a relatively stable level of current assets relative to current liabilities during this period.
Overall, Uber's current ratio has shown some volatility but has generally been above 1, which is a positive sign of the company's ability to cover its short-term obligations. Monitoring the current ratio over time can provide insights into Uber's liquidity management and financial health.
Peer comparison
Dec 31, 2024