Stock Analysis on Net

Booking Holdings Inc. (NASDAQ:BKNG)

Analysis of Liquidity Ratios
Quarterly Data

Microsoft Excel

Liquidity Ratios (Summary)

Booking Holdings Inc., liquidity ratios (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Current ratio 1.28 1.44 1.55 1.59 1.86 1.45 1.45 1.72 2.10 2.48 2.05 2.18 3.56 3.17 2.93 2.24 1.83 1.82 1.58 1.27
Quick ratio 1.20 1.35 1.45 1.49 1.73 1.34 1.37 1.63 2.00 2.28 1.86 1.97 3.24 3.04 2.81 1.70 1.49 1.49 1.14 0.69
Cash ratio 0.95 1.08 1.22 1.31 1.46 1.07 1.15 1.41 1.78 2.01 1.67 1.88 3.08 2.82 2.66 1.54 1.18 1.17 0.83 0.42

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Booking Holdings Inc. cash ratio deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Current Ratio

Booking Holdings Inc., current ratio calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Current assets 17,034 18,479 19,349 17,632 15,798 12,410 14,924 12,875 13,145 14,352 13,789 14,108 12,206 12,583 11,453 9,260 9,833 10,056 10,020 7,077
Current liabilities 13,330 12,832 12,481 11,070 8,474 8,543 10,282 7,478 6,246 5,779 6,724 6,468 3,425 3,968 3,909 4,136 5,366 5,528 6,349 5,576
Liquidity Ratio
Current ratio1 1.28 1.44 1.55 1.59 1.86 1.45 1.45 1.72 2.10 2.48 2.05 2.18 3.56 3.17 2.93 2.24 1.83 1.82 1.58 1.27
Benchmarks
Current Ratio, Competitors2
Airbnb Inc. 1.66 1.78 1.47 1.55 1.86 1.85 1.58 1.61 1.95 1.86 1.48 1.66
Carnival Corp. & plc 0.46 0.43 0.52 0.64 0.71 0.65 0.64 0.74 0.97 0.94 1.16 1.45 1.22 0.91 0.69 0.27 0.23 0.30 0.27 0.22
Chipotle Mexican Grill Inc. 1.57 1.53 1.58 1.41 1.28 1.32 1.26 1.32 1.58 1.78 1.73 1.75 1.73 1.51 1.59 1.62 1.61 1.51 1.52 1.44
McDonald’s Corp. 1.16 1.71 1.35 1.47 1.43 1.65 1.41 1.10 1.78 1.33 1.45 1.19 1.01 1.07 0.91 1.90 0.98 0.84 1.21 1.47
Starbucks Corp. 0.78 0.78 0.77 0.75 0.77 0.84 0.83 0.81 1.20 1.02 1.07 1.06 1.06 0.95 0.70 0.68 0.92 1.31 0.94 1.41

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q4 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 17,034 ÷ 13,330 = 1.28

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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Quick Ratio

Booking Holdings Inc., quick ratio calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 12,107 13,294 14,602 14,140 12,221 9,021 11,841 10,549 11,127 11,643 11,231 12,151 10,562 11,197 10,404 6,363 6,312 6,466 5,256 2,334
Short-term investments 576 624 640 359 175 116
Accounts receivable, net of allowance for expected credit losses 3,253 3,447 2,805 2,048 2,229 2,284 2,249 1,611 1,358 1,555 1,290 586 529 859 566 667 1,680 1,788 1,973 1,491
Total quick assets 15,936 17,365 18,047 16,547 14,625 11,421 14,090 12,160 12,485 13,198 12,521 12,737 11,091 12,056 10,970 7,030 7,992 8,254 7,229 3,825
 
Current liabilities 13,330 12,832 12,481 11,070 8,474 8,543 10,282 7,478 6,246 5,779 6,724 6,468 3,425 3,968 3,909 4,136 5,366 5,528 6,349 5,576
Liquidity Ratio
Quick ratio1 1.20 1.35 1.45 1.49 1.73 1.34 1.37 1.63 2.00 2.28 1.86 1.97 3.24 3.04 2.81 1.70 1.49 1.49 1.14 0.69
Benchmarks
Quick Ratio, Competitors2
Airbnb Inc. 1.63 1.75 1.45 1.52 1.83 1.82 1.56 1.59 1.92 1.83 1.46 1.63
Carnival Corp. & plc 0.26 0.30 0.42 0.54 0.60 0.57 0.57 0.66 0.90 0.85 1.08 1.36 1.13 0.84 0.63 0.16 0.11 0.18 0.15 0.11
Chipotle Mexican Grill Inc. 1.37 1.40 1.44 1.26 1.09 1.05 1.02 1.13 1.35 1.29 1.28 1.35 1.28 1.34 1.35 1.42 1.44 1.36 1.40 1.35
McDonald’s Corp. 1.03 1.43 1.04 1.25 1.24 1.35 1.07 0.95 1.64 1.20 1.23 1.04 0.90 0.97 0.84 1.77 0.86 0.74 0.98 1.27
Starbucks Corp. 0.55 0.52 0.51 0.48 0.48 0.52 0.55 0.57 0.93 0.75 0.75 0.78 0.75 0.63 0.43 0.46 0.59 0.95 0.54 1.05

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q4 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 15,936 ÷ 13,330 = 1.20

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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Cash Ratio

Booking Holdings Inc., cash ratio calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 12,107 13,294 14,602 14,140 12,221 9,021 11,841 10,549 11,127 11,643 11,231 12,151 10,562 11,197 10,404 6,363 6,312 6,466 5,256 2,334
Short-term investments 576 624 640 359 175 116
Total cash assets 12,683 13,918 15,242 14,499 12,396 9,137 11,841 10,549 11,127 11,643 11,231 12,151 10,562 11,197 10,404 6,363 6,312 6,466 5,256 2,334
 
Current liabilities 13,330 12,832 12,481 11,070 8,474 8,543 10,282 7,478 6,246 5,779 6,724 6,468 3,425 3,968 3,909 4,136 5,366 5,528 6,349 5,576
Liquidity Ratio
Cash ratio1 0.95 1.08 1.22 1.31 1.46 1.07 1.15 1.41 1.78 2.01 1.67 1.88 3.08 2.82 2.66 1.54 1.18 1.17 0.83 0.42
Benchmarks
Cash Ratio, Competitors2
Airbnb Inc. 1.01 1.12 0.76 0.87 1.21 1.20 0.88 0.95 1.31 1.21 0.78 1.00
Carnival Corp. & plc 0.21 0.26 0.38 0.49 0.57 0.55 0.54 0.63 0.88 0.82 1.06 1.34 1.10 0.80 0.58 0.13 0.06 0.13 0.12 0.07
Chipotle Mexican Grill Inc. 1.26 1.34 1.38 1.19 0.98 0.96 0.92 1.03 1.23 1.20 1.19 1.27 1.16 1.25 1.25 1.32 1.32 1.29 1.31 1.26
McDonald’s Corp. 0.67 0.87 0.44 0.80 0.68 0.81 0.54 0.55 1.17 0.85 0.77 0.66 0.56 0.59 0.45 1.35 0.25 0.28 0.35 0.68
Starbucks Corp. 0.42 0.39 0.38 0.36 0.35 0.39 0.44 0.45 0.81 0.63 0.62 0.67 0.63 0.52 0.32 0.36 0.45 0.82 0.40 0.92

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q4 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 12,683 ÷ 13,330 = 0.95

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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.