Wyndham Hotels & Resorts Inc (WH)
Cash 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 and cash equivalents | US$ in thousands | 66,000 | 79,000 | 63,000 | 150,000 | 161,000 | 286,000 | 400,000 | 416,000 | 171,000 | 193,000 | 103,000 | 531,000 | 493,000 | 735,000 | 664,000 | 749,000 | 94,000 | 134,000 | 107,000 | 284,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 496,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 459,000 | 434,000 | 469,000 | 405,000 | 406,000 | 400,000 | 387,000 | 380,000 | 397,000 | 371,000 | 361,000 | 824,000 | 346,000 | 381,000 | 343,000 | 415,000 | 462,000 | 514,000 | 481,000 | 663,000 |
| Cash ratio | 0.14 | 0.18 | 0.13 | 0.37 | 1.62 | 0.72 | 1.03 | 1.09 | 0.43 | 0.52 | 0.29 | 0.64 | 1.42 | 1.93 | 1.94 | 1.80 | 0.20 | 0.26 | 0.22 | 0.43 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($66,000K
+ $—K)
÷ $459,000K
= 0.14
The cash ratio of Wyndham Hotels & Resorts Inc has shown a declining trend over the past eight quarters. The ratio decreased from 0.77 in Q4 2022 to 0.29 in Q4 2023, indicating a decrease in the company's ability to cover its short-term obligations with its cash and cash equivalents. The trend suggests that the company may be allocating more of its cash towards investments or other uses rather than maintaining sufficient liquidity. It is important for the company to monitor and manage its cash position effectively to ensure it can meet its financial obligations in a timely manner.
Peer comparison
Dec 31, 2023