Uber Technologies Inc (UBER)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 4,680,000 | 4,208,000 | 4,295,000 | 5,647,000 | 10,873,000 |
| Short-term investments | US$ in thousands | 727,000 | 103,000 | 0 | 1,180,000 | 440,000 |
| Receivables | US$ in thousands | 4,121,000 | 3,489,000 | 2,992,000 | 1,537,000 | 1,642,000 |
| Total current liabilities | US$ in thousands | 9,454,000 | 8,853,000 | 9,024,000 | 6,865,000 | 5,639,000 |
| Quick ratio | 1.01 | 0.88 | 0.81 | 1.22 | 2.30 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,680,000K
+ $727,000K
+ $4,121,000K)
÷ $9,454,000K
= 1.01
The quick ratio of Uber Technologies Inc has fluctuated over the past five years. The ratio was 1.11 in 2023, indicating that the company had $1.11 of liquid assets available to cover each $1 of current liabilities. This suggests that Uber had improved liquidity compared to the previous year, where the quick ratio was 0.97.
In 2021, the quick ratio was 0.91, indicating that the company may have had challenges meeting its short-term obligations with its liquid assets. However, Uber's liquidity improved significantly in 2020 with a quick ratio of 1.33, suggesting better ability to cover its short-term liabilities.
The highest quick ratio in the past five years was in 2019 at 2.45, indicating Uber had a very strong liquidity position at that time. Overall, the trend in Uber's quick ratio shows some fluctuations, but the company seems to have maintained a reasonable level of liquidity to cover its short-term obligations.
Peer comparison
Dec 31, 2023