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The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Booking Holdings's Cash Ratio for the quarter that ended in Sep. 2024 was 0.95.
Booking Holdings has a Cash Ratio of 0.95. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Booking Holdings's Cash Ratio or its related term are showing as below:
During the past 13 years, Booking Holdings's highest Cash Ratio was 3.92. The lowest was 0.77. And the median was 1.67.
The historical data trend for Booking Holdings's Cash Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Booking Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash Ratio | Get a 7-Day Free Trial | 1.36 | 3.23 | 1.79 | 1.46 | 0.95 |
Booking Holdings Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Cash Ratio | Get a 7-Day Free Trial | 1.08 | 0.95 | 0.95 | 0.90 | 0.95 |
For the Travel Services subindustry, Booking Holdings's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Travel & Leisure industry and Consumer Cyclical sector, Booking Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Booking Holdings's Cash Ratio falls into.
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Booking Holdings's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Cash Ratio (A: Dec. 2023 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 12683 | / | 13330 | |
= | 0.95 |
Booking Holdings's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:
Cash Ratio (Q: Sep. 2024 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 15775 | / | 16678 | |
= | 0.95 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Booking Holdings (NAS:BKNG) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Thank you for viewing the detailed overview of Booking Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Paulo Pisano | officer: Chief Human Resources Officer | 800 CONNECTICUT AVENUE, NORWALK CT 06854 |
Susana D'emic | officer: SVP, CAO & Controller | C/O TIME INC., 225 LIBERTY STREET, NEW YORK NY 10281 |
Glenn D Fogel | officer: Hd Worldwide Strat & Planning | PRICELINE.COM INCORPORATED, 800 CONNECTICUT AVENUE, NORWALK CT 06854 |
Radakovich Lynn Vojvodich | director | C/O BOOKING HOLDINGS INC., 800 CONNECTICUT AVENUE, NORWALK CT 06854 |
David I Goulden | officer: Chief Financial Officer | 176 SOUTH STREET, HOPKINTON MA 01748 |
Nicholas Read | director | C/O BOOKING HOLDINGS INC., 800 CONNECTICUT AVENUE, NORWALK CT 06854 |
Larry Quinlan | director | 2225 LAWSON LANE, SANTA CLARA CA 95054 |
Mylod Robert J Jr | officer: Vice Chairman | |
Sumit Singh | director | C/O CHEWY, INC., 7700 WEST SUNRISE BLVD, PLANTATION FL 33322 |
Peter J Millones | officer: Executive VP, General Counsel | |
Jeffery H Boyd | director | C/O ASPEN GROVE CAPITAL, LLC, PO BOX 9389, AVON CO 81620 |
Dijk Bob Van | director | C/O BOOKING HOLDINGS INC., 800 CONNECTICUT AVENUE, NORWALK CT 06854 |
Gillian Tans | officer: President & COO, Booking.com | C/O THE PRICELINE GROUP INC., 800 CONNECTICUT AVENUE, NORWALK CT 06854 |
Vanessa Ames Wittman | director | C/O MARSH & MCLENNAN COMPANIES, INC., 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036 |
Wei Hopeman | director | C/O BOOKING HOLDINGS INC., 800 CONNECTICUT AVENUE, NORWALK CT 06854 |
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