Wyndham Hotels & Resorts Inc (WH)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 66,000 | 161,000 | 171,000 | 493,000 | 94,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 241,000 | 234,000 | 246,000 | 295,000 | 304,000 |
| Total current liabilities | US$ in thousands | 459,000 | 406,000 | 397,000 | 346,000 | 462,000 |
| Quick ratio | 0.67 | 0.97 | 1.05 | 2.28 | 0.86 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($66,000K
+ $—K
+ $241,000K)
÷ $459,000K
= 0.67
The quick ratio of Wyndham Hotels & Resorts Inc has fluctuated over the past five years, ranging from 0.81 to 2.60. In 2023, the quick ratio was 0.81, indicating that the company may have difficulty meeting its short-term obligations with its most liquid assets. This may raise concerns about the company's short-term liquidity and ability to cover immediate liabilities. Comparing this to the previous years, where the quick ratio was consistently above 1.0, suggests a potential deterioration in the company's ability to quickly cover its current liabilities in 2023. It is advisable for stakeholders to closely monitor this trend and assess the company's liquidity position in relation to its short-term obligations.
Peer comparison
Dec 31, 2023