Uber Technologies Inc (UBER)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 13,925,000 | 15,153,000 | 14,300,000 | 7,930,000 |
| 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 |
| Current ratio | 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 | 2.47 | 2.82 | 2.57 | 1.68 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $11,297,000K ÷ $9,454,000K
= 1.19
The current ratio measures a company's ability to cover its short-term liabilities with its current assets. Looking at the trend of Uber Technologies Inc's current ratio over the past eight quarters, we can see fluctuations in the company's short-term liquidity position.
In Q1 2022, the current ratio was at its lowest at 0.98, indicating that Uber may have faced challenges in meeting its short-term obligations with current assets. However, the ratio improved in subsequent quarters, reaching a peak of 1.23 in Q2 2023.
The current ratio dipped in Q4 2022 to 1.04 before increasing slightly to 1.06 in Q1 2023. This was followed by a decrease to 1.14 in Q3 2023, and then a subsequent increase to 1.19 in Q4 2023.
Overall, Uber's current ratio has shown some volatility but generally remains above 1, indicating that the company has generally been able to meet its short-term obligations with its current assets. However, investors and analysts may want to monitor this ratio closely to ensure that Uber maintains a healthy liquidity position in the future.
Peer comparison
Dec 31, 2023