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 Sep 30, 2019 Jun 30, 2019 Mar 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 12,650,000 11,744,000 5,745,000
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 10,412,000 10,415,000
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 1,735,000 1,874,000 1,557,000
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
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 4.62 4.31 1.55

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


See also:

Uber Technologies Inc Quick Ratio (Quarterly Data)