Uber Technologies Inc (UBER)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 5,893,000 | 7,083,000 | 5,273,000 | 5,827,000 | 5,485,000 | 4,448,000 | 4,995,000 | 4,045,000 | 4,208,000 | 4,865,000 | 4,397,000 | 4,184,000 | 4,295,000 | 6,482,000 | 4,443,000 | 4,836,000 | 5,647,000 | 6,154,000 | 6,754,000 | 8,165,000 |
| Short-term investments | US$ in thousands | 1,084,000 | 2,913,000 | 1,795,000 | 744,000 | 727,000 | 725,000 | 538,000 | 121,000 | 103,000 | — | — | — | -132,000 | 1,132,000 | 560,000 | 819,000 | 1,180,000 | 1,132,000 | 1,033,000 | 831,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.61 | 0.92 | 0.69 | 0.66 | 0.66 | 0.55 | 0.64 | 0.48 | 0.49 | 0.54 | 0.49 | 0.48 | 0.46 | 0.94 | 0.65 | 0.78 | 0.99 | 1.05 | 1.32 | 1.36 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($5,893,000K
+ $1,084,000K
+ $—K)
÷ $11,476,000K
= 0.61
The quick ratio of Uber Technologies Inc, which measures the company's ability to meet its short-term obligations with its most liquid assets, fluctuated over the period from March 31, 2020, to December 31, 2024. The quick ratio started at a comfortable 1.36 on March 31, 2020, indicating strong liquidity. However, it gradually decreased over the following quarters, dropping to its lowest point of 0.46 on December 31, 2021, suggesting a potential liquidity strain.
Subsequently, the quick ratio showed some improvement, reaching 0.69 on June 30, 2024. This increase indicates that Uber may have enhanced its ability to meet its short-term obligations using quick assets. However, it is important to note that the quick ratio remained below 1 for several periods, implying that the company may have faced challenges in covering its current liabilities with its most liquid assets.
Overall, the trend in Uber's quick ratio suggests fluctuations in liquidity levels over the period, with the company experiencing some periods of potential liquidity challenges. It would be essential for Uber to continue monitoring and managing its liquidity position effectively to ensure it can meet its short-term obligations in a sustainable manner.
Peer comparison
Dec 31, 2024