Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Booking Holdings Inc., liquidity ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Current ratio | 1.31 | 1.28 | 1.86 | 2.10 | 3.56 | |
| Quick ratio | 1.24 | 1.20 | 1.73 | 2.00 | 3.38 | |
| Cash ratio | 1.03 | 0.95 | 1.46 | 1.79 | 3.23 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Booking Holdings Inc. current ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Booking Holdings Inc. quick ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Booking Holdings Inc. cash ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Current Ratio
Booking Holdings Inc., current ratio calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 20,491) | 17,034) | 15,798) | 13,145) | 12,206) | |
| Current liabilities | 15,647) | 13,330) | 8,474) | 6,246) | 3,425) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 1.31 | 1.28 | 1.86 | 2.10 | 3.56 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Airbnb Inc. | — | 1.66 | 1.86 | 1.95 | 1.73 | |
| Chipotle Mexican Grill Inc. | 1.52 | 1.57 | 1.28 | 1.58 | 1.73 | |
| McDonald’s Corp. | — | 1.16 | 1.43 | 1.78 | 1.01 | |
| Starbucks Corp. | 0.75 | 0.78 | 0.77 | 1.20 | 1.06 | |
| Current Ratio, Sector | ||||||
| Consumer Services | — | 1.25 | 1.46 | 1.71 | 1.60 | |
| Current Ratio, Industry | ||||||
| Consumer Discretionary | — | 1.20 | 1.15 | 1.25 | 1.18 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 20,491 ÷ 15,647 = 1.31
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Booking Holdings Inc. current ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Quick Ratio
Booking Holdings Inc., quick ratio calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 16,164) | 12,107) | 12,221) | 11,127) | 10,562) | |
| Short-term investments | —) | 576) | 175) | 25) | 501) | |
| Accounts receivable, net of allowance for expected credit losses | 3,199) | 3,253) | 2,229) | 1,358) | 529) | |
| Total quick assets | 19,363) | 15,936) | 14,625) | 12,510) | 11,592) | |
| Current liabilities | 15,647) | 13,330) | 8,474) | 6,246) | 3,425) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 1.24 | 1.20 | 1.73 | 2.00 | 3.38 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Airbnb Inc. | — | 1.63 | 1.83 | 1.92 | 1.70 | |
| Chipotle Mexican Grill Inc. | 1.34 | 1.37 | 1.09 | 1.35 | 1.28 | |
| McDonald’s Corp. | — | 1.03 | 1.24 | 1.64 | 0.90 | |
| Starbucks Corp. | 0.52 | 0.55 | 0.48 | 0.93 | 0.75 | |
| Quick Ratio, Sector | ||||||
| Consumer Services | — | 1.13 | 1.30 | 1.56 | 1.42 | |
| Quick Ratio, Industry | ||||||
| Consumer Discretionary | — | 0.85 | 0.81 | 0.92 | 0.88 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 19,363 ÷ 15,647 = 1.24
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Booking Holdings Inc. quick ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Cash Ratio
Booking Holdings Inc., cash ratio calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 16,164) | 12,107) | 12,221) | 11,127) | 10,562) | |
| Short-term investments | —) | 576) | 175) | 25) | 501) | |
| Total cash assets | 16,164) | 12,683) | 12,396) | 11,152) | 11,063) | |
| Current liabilities | 15,647) | 13,330) | 8,474) | 6,246) | 3,425) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 1.03 | 0.95 | 1.46 | 1.79 | 3.23 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Airbnb Inc. | — | 1.01 | 1.21 | 1.31 | 1.24 | |
| Chipotle Mexican Grill Inc. | 1.22 | 1.26 | 0.98 | 1.23 | 1.16 | |
| McDonald’s Corp. | — | 0.67 | 0.68 | 1.17 | 0.56 | |
| Starbucks Corp. | 0.39 | 0.42 | 0.35 | 0.81 | 0.63 | |
| Cash Ratio, Sector | ||||||
| Consumer Services | — | 0.80 | 0.95 | 1.24 | 1.16 | |
| Cash Ratio, Industry | ||||||
| Consumer Discretionary | — | 0.48 | 0.47 | 0.63 | 0.58 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 16,164 ÷ 15,647 = 1.03
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Booking Holdings Inc. cash ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |