Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Expedia Group Inc., liquidity ratios
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Current ratio | 0.87 | 1.04 | 0.72 | 0.64 | 0.70 | |
| Quick ratio | 0.77 | 0.90 | 0.67 | 0.61 | 0.67 | |
| Cash ratio | 0.64 | 0.77 | 0.43 | 0.34 | 0.43 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Expedia Group Inc. current ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Expedia Group Inc. quick ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Expedia Group Inc. cash ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
Current Ratio
Expedia Group Inc., current ratio calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 8,181) | 5,634) | 7,735) | 5,197) | 5,540) | |
| Current liabilities | 9,450) | 5,406) | 10,714) | 8,060) | 7,879) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 0.87 | 1.04 | 0.72 | 0.64 | 0.70 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Amazon.com Inc. | 1.14 | 1.05 | 1.10 | — | — | |
| Home Depot Inc. | 1.23 | 1.08 | 1.11 | — | — | |
| Lowe’s Cos. Inc. | 1.19 | 1.01 | 0.98 | — | — | |
| TJX Cos. Inc. | 1.46 | 1.24 | 1.53 | — | — | |
| Current Ratio, Sector | ||||||
| Consumer Discretionary Distribution & Retail | 1.17 | 1.06 | — | — | — | |
| Current Ratio, Industry | ||||||
| Consumer Discretionary | 1.25 | 1.18 | — | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 8,181 ÷ 9,450 = 0.87
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. | Expedia Group Inc. current ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
Quick Ratio
Expedia Group Inc., quick ratio calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 4,111) | 3,363) | 3,315) | 2,443) | 2,847) | |
| Restricted cash and cash equivalents | 1,694) | 772) | 779) | 259) | 69) | |
| Short-term investments | 200) | 24) | 526) | 28) | 469) | |
| Accounts receivable, net of allowance | 1,264) | 701) | 2,524) | 2,151) | 1,866) | |
| Total quick assets | 7,269) | 4,860) | 7,144) | 4,881) | 5,250) | |
| Current liabilities | 9,450) | 5,406) | 10,714) | 8,060) | 7,879) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 0.77 | 0.90 | 0.67 | 0.61 | 0.67 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Amazon.com Inc. | 0.86 | 0.83 | 0.83 | — | — | |
| Home Depot Inc. | 0.47 | 0.23 | 0.22 | — | — | |
| Lowe’s Cos. Inc. | 0.28 | 0.06 | 0.05 | — | — | |
| TJX Cos. Inc. | 1.01 | 0.50 | 0.61 | — | — | |
| Quick Ratio, Sector | ||||||
| Consumer Discretionary Distribution & Retail | 0.77 | 0.68 | — | — | — | |
| Quick Ratio, Industry | ||||||
| Consumer Discretionary | 0.92 | 0.88 | — | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 7,269 ÷ 9,450 = 0.77
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. | Expedia Group Inc. quick ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
Cash Ratio
Expedia Group Inc., cash ratio calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 4,111) | 3,363) | 3,315) | 2,443) | 2,847) | |
| Restricted cash and cash equivalents | 1,694) | 772) | 779) | 259) | 69) | |
| Short-term investments | 200) | 24) | 526) | 28) | 469) | |
| Total cash assets | 6,005) | 4,159) | 4,620) | 2,730) | 3,384) | |
| Current liabilities | 9,450) | 5,406) | 10,714) | 8,060) | 7,879) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.64 | 0.77 | 0.43 | 0.34 | 0.43 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Amazon.com Inc. | 0.68 | 0.67 | 0.63 | — | — | |
| Home Depot Inc. | 0.34 | 0.12 | 0.11 | — | — | |
| Lowe’s Cos. Inc. | 0.28 | 0.06 | 0.05 | — | — | |
| TJX Cos. Inc. | 0.97 | 0.45 | 0.55 | — | — | |
| Cash Ratio, Sector | ||||||
| Consumer Discretionary Distribution & Retail | 0.61 | 0.54 | — | — | — | |
| Cash Ratio, Industry | ||||||
| Consumer Discretionary | 0.63 | 0.58 | — | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 6,005 ÷ 9,450 = 0.64
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. | Expedia Group Inc. cash ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |