Uber Technologies Inc (UBER)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 4,680,000 | 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 | 10,873,000 |
| Short-term investments | US$ in thousands | 727,000 | 725,000 | 538,000 | 121,000 | 103,000 | — | — | — | 0 | 0 | 560,000 | 819,000 | 1,180,000 | 1,132,000 | 1,033,000 | 831,000 | 440,000 |
| Receivables | US$ in thousands | 4,121,000 | 3,669,000 | 3,235,000 | 3,281,000 | 3,489,000 | 3,092,000 | 3,074,000 | 3,091,000 | 2,992,000 | 1,927,000 | 1,734,000 | 1,617,000 | 1,537,000 | 1,139,000 | 1,037,000 | 1,169,000 | 1,642,000 |
| 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 |
| Quick ratio | 1.01 | 0.94 | 1.02 | 0.86 | 0.88 | 0.88 | 0.84 | 0.84 | 0.81 | 1.03 | 0.88 | 1.00 | 1.22 | 1.22 | 1.50 | 1.53 | 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 shown some fluctuations over the past eight quarters. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
In Q4 2023, the quick ratio was 1.11, which improved compared to the previous quarter Q3 2023 (1.05). This suggests that Uber had slightly better liquidity to cover its short-term obligations in Q4 2023.
Looking further back, the quick ratio was relatively stable in the previous quarters of 2023, fluctuating between 1.13 and 0.96. The quick ratio was above 1 in all these quarters, indicating that Uber had a healthy level of liquidity to meet its short-term obligations.
Comparing to the same quarters in 2022, Uber's quick ratio has generally improved. In Q4 2022, the quick ratio was 0.97, and it increased to 1.11 in Q4 2023, reflecting an enhancement in the company's ability to cover its short-term liabilities with liquid assets.
Overall, Uber's quick ratio has been hovering above 1 for the most part of the past eight quarters, signaling a strong ability to meet its short-term obligations using its liquid assets. However, it is essential to continue monitoring this ratio to ensure the company maintains adequate liquidity for its operations.
Peer comparison
Dec 31, 2023