Stock Analysis on Net

Booking Holdings Inc. (NASDAQ:BKNG)

$24.99

Current Ratio
since 2005

Microsoft Excel

Calculation

Booking Holdings Inc., current ratio, long-term trends, calculation

Microsoft Excel

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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


The analysis of the financial data reveals several trends related to the liquidity position of the company over the observed period.

Current Assets
Current assets have shown a general upward trend from 224 million US dollars in 2005 to 20,491 million US dollars in 2024. There are notable increments, especially between 2009 and 2013, and again from 2019 onwards. Despite some fluctuations, the long-term growth in current assets indicates an increasing level of resources readily available to the company to meet short-term obligations.
Current Liabilities
Current liabilities have also increased significantly, from 71 million US dollars in 2005 to 15,647 million US dollars in 2024. The growth in liabilities was especially pronounced between 2014 and 2019, with a substantial jump in 2019 and continuing to rise through 2024. This upward movement could signal increasing operational obligations or financing activities that result in higher short-term payables.
Current Ratio
The current ratio exhibits considerable volatility throughout the years. It started high at 3.15 in 2005, peaked at 5.0 in 2006, and dropped sharply below 1.0 in 2007 (0.88). For the next few years, it fluctuated between roughly 1.14 and 4.15, showing some instability in short-term liquidity early in the timeline. In more recent years, from 2015 onwards, the current ratio mostly ranged between 1.28 and 3.56, tending to stay closer to the lower end of the range. The current ratio stabilized around 1.3 by 2023 and 2024, indicating a tighter liquidity condition than earlier years despite growing assets.

Overall, while current assets have increased significantly, the proportional rise in current liabilities has led to a tightening in liquidity metrics as reflected by the current ratio approaching closer to parity in recent years. This trend suggests that short-term financial flexibility has diminished over time, and the company may face more constrained working capital conditions moving forward if these trends continue.


Comparison to Competitors

Booking Holdings Inc., current ratio, long-term trends, comparison to competitors

Microsoft Excel

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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Consumer Services)


Comparison to Industry (Consumer Discretionary)

Booking Holdings Inc., current ratio, long-term trends, comparison to industry (consumer discretionary)

Microsoft Excel

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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).