Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Airbnb Inc., liquidity ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Current ratio | 1.66 | 1.86 | 1.95 | 1.73 | |
| Quick ratio | 1.63 | 1.83 | 1.92 | 1.70 | |
| Cash ratio | 1.01 | 1.21 | 1.31 | 1.24 |
Based on: 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. | Airbnb Inc. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Airbnb Inc. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Airbnb Inc. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Current Ratio
Airbnb Inc., current ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Current assets | 16,509) | 14,861) | 12,386) | 8,916) | |
| Current liabilities | 9,950) | 7,978) | 6,359) | 5,140) | |
| Liquidity Ratio | |||||
| Current ratio1 | 1.66 | 1.86 | 1.95 | 1.73 | |
| Benchmarks | |||||
| Current Ratio, Competitors2 | |||||
| Booking Holdings Inc. | 1.28 | 1.86 | 2.10 | 3.56 | |
| Carnival Corp. & plc | 0.46 | 0.71 | 0.97 | 1.22 | |
| Chipotle Mexican Grill Inc. | 1.57 | 1.28 | 1.58 | 1.73 | |
| McDonald’s Corp. | 1.16 | 1.43 | 1.78 | 1.01 | |
| Starbucks Corp. | 0.78 | 0.77 | 1.20 | 1.06 | |
| Current Ratio, Sector | |||||
| Consumer Services | 1.07 | 1.26 | 1.50 | 1.49 | |
| Current Ratio, Industry | |||||
| Consumer Discretionary | 1.18 | 1.14 | 1.24 | 1.18 | |
Based on: 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 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 16,509 ÷ 9,950 = 1.66
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. | Airbnb Inc. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Quick Ratio
Airbnb Inc., quick ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Cash and cash equivalents | 6,874) | 7,378) | 6,067) | 5,481) | |
| Short-term investments | 3,197) | 2,244) | 2,255) | 911) | |
| Customer receivables | 249) | 200) | 143) | 190) | |
| Funds receivable and amounts held on behalf of customers | 5,869) | 4,783) | 3,715) | 2,181) | |
| Total quick assets | 16,189) | 14,605) | 12,180) | 8,762) | |
| Current liabilities | 9,950) | 7,978) | 6,359) | 5,140) | |
| Liquidity Ratio | |||||
| Quick ratio1 | 1.63 | 1.83 | 1.92 | 1.70 | |
| Benchmarks | |||||
| Quick Ratio, Competitors2 | |||||
| Booking Holdings Inc. | 1.20 | 1.73 | 2.00 | 3.38 | |
| Carnival Corp. & plc | 0.26 | 0.60 | 0.90 | 1.13 | |
| Chipotle Mexican Grill Inc. | 1.37 | 1.09 | 1.35 | 1.28 | |
| McDonald’s Corp. | 1.03 | 1.24 | 1.64 | 0.90 | |
| Starbucks Corp. | 0.55 | 0.48 | 0.93 | 0.75 | |
| Quick Ratio, Sector | |||||
| Consumer Services | 0.94 | 1.12 | 1.37 | 1.34 | |
| Quick Ratio, Industry | |||||
| Consumer Discretionary | 0.84 | 0.81 | 0.92 | 0.89 | |
Based on: 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 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 16,189 ÷ 9,950 = 1.63
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. | Airbnb Inc. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Cash Ratio
Airbnb Inc., cash ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Cash and cash equivalents | 6,874) | 7,378) | 6,067) | 5,481) | |
| Short-term investments | 3,197) | 2,244) | 2,255) | 911) | |
| Total cash assets | 10,071) | 9,622) | 8,322) | 6,391) | |
| Current liabilities | 9,950) | 7,978) | 6,359) | 5,140) | |
| Liquidity Ratio | |||||
| Cash ratio1 | 1.01 | 1.21 | 1.31 | 1.24 | |
| Benchmarks | |||||
| Cash Ratio, Competitors2 | |||||
| Booking Holdings Inc. | 0.95 | 1.46 | 1.79 | 3.23 | |
| Carnival Corp. & plc | 0.21 | 0.57 | 0.88 | 1.10 | |
| Chipotle Mexican Grill Inc. | 1.26 | 0.98 | 1.23 | 1.16 | |
| McDonald’s Corp. | 0.67 | 0.68 | 1.17 | 0.56 | |
| Starbucks Corp. | 0.42 | 0.35 | 0.81 | 0.63 | |
| Cash Ratio, Sector | |||||
| Consumer Services | 0.67 | 0.85 | 1.14 | 1.14 | |
| Cash Ratio, Industry | |||||
| Consumer Discretionary | 0.57 | 0.55 | 0.71 | 0.70 | |
Based on: 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 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 10,071 ÷ 9,950 = 1.01
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. | Airbnb Inc. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |