Current Ratio
since 2005
Calculation
Expedia Group Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 0.87 | = | 8,181) | ÷ | 9,450) |
| Dec 31, 2020 | 1.04 | = | 5,634) | ÷ | 5,406) |
| Dec 31, 2019 | 0.72 | = | 7,735) | ÷ | 10,714) |
| Dec 31, 2018 | 0.64 | = | 5,197) | ÷ | 8,060) |
| Dec 31, 2017 | 0.70 | = | 5,540) | ÷ | 7,879) |
| Dec 31, 2016 | 0.56 | = | 3,450) | ÷ | 6,127) |
| Dec 31, 2015 | 0.50 | = | 2,979) | ÷ | 5,926) |
| Dec 31, 2014 | 0.70 | = | 2,924) | ÷ | 4,187) |
| Dec 31, 2013 | 0.67 | = | 2,219) | ÷ | 3,294) |
| Dec 31, 2012 | 0.88 | = | 2,615) | ÷ | 2,982) |
| Dec 31, 2011 | 0.89 | = | 2,274) | ÷ | 2,553) |
| Dec 31, 2010 | 0.90 | = | 1,702) | ÷ | 1,889) |
| Dec 31, 2009 | 0.67 | = | 1,225) | ÷ | 1,835) |
| Dec 31, 2008 | 0.77 | = | 1,199) | ÷ | 1,566) |
| Dec 31, 2007 | 0.59 | = | 1,046) | ÷ | 1,774) |
| Dec 31, 2006 | 0.84 | = | 1,183) | ÷ | 1,400) |
| Dec 31, 2005 | 0.41 | = | 590) | ÷ | 1,438) |
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), 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 financial data reveals a persistent trend of constrained short-term liquidity, as the current ratio remained below 1.00 for nearly the entire period from 2005 to 2021. This indicates that current liabilities consistently exceeded current assets, suggesting a business model that relies heavily on continuous operational cash flow or short-term financing to meet immediate obligations.
- Growth of Current Balance Sheet Components
- A substantial expansion in both current assets and current liabilities is observed over the 16-year period. Current assets grew from 590 million USD in 2005 to 8,181 million USD in 2021. Parallel to this, current liabilities increased from 1,438 million USD in 2005 to 9,450 million USD in 2021. The scaling of these figures demonstrates a significant increase in the volume of short-term financial activity.
- Current Ratio Volatility and Stability
- The current ratio experienced early volatility, starting at 0.41 in 2005 and reaching a peak of 0.90 in 2010. Following this, a downward trend occurred, leading to a period low of 0.50 in 2015. From 2017 to 2019, the ratio entered a phase of relative stability, fluctuating narrowly between 0.64 and 0.72, which suggests a consistent management of the relationship between short-term assets and obligations during those years.
- Analysis of the 2020 Liquidity Shift
- A notable anomaly occurred in 2020, when the current ratio rose to 1.04, marking the only instance in the analyzed timeframe where current assets exceeded current liabilities. This shift was primarily driven by a sharp reduction in current liabilities, which dropped from 10,714 million USD in 2019 to 5,406 million USD in 2020. However, this trend was temporary, as the ratio returned to 0.87 in 2021, reverting to the long-term historical pattern of sub-1.0 liquidity.
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Comparison to Competitors
Expedia Group Inc., current ratio, long-term trends, comparison to competitors
| Expedia Group Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 0.87 | 1.14 | 1.23 | 1.19 | 1.46 |
| Dec 31, 2020 | 1.04 | 1.05 | 1.08 | 1.01 | 1.24 |
| Dec 31, 2019 | 0.72 | 1.10 | 1.11 | 0.98 | 1.53 |
| Dec 31, 2018 | 0.64 | 1.10 | 1.17 | 1.06 | 1.66 |
| Dec 31, 2017 | 0.70 | 1.04 | 1.25 | 1.00 | 1.63 |
| Dec 31, 2016 | 0.56 | 1.04 | 1.36 | 1.01 | 1.54 |
| Dec 31, 2015 | 0.50 | 1.08 | 1.36 | 1.08 | 1.71 |
| Dec 31, 2014 | 0.70 | 1.12 | 1.42 | 1.16 | 1.72 |
| Dec 31, 2013 | 0.67 | 1.07 | 1.34 | 1.27 | 1.52 |
| Dec 31, 2012 | 0.88 | 1.12 | 1.55 | 1.28 | 1.68 |
| Dec 31, 2011 | 0.89 | 1.17 | 1.33 | 1.40 | 1.63 |
| Dec 31, 2010 | 0.90 | 1.33 | 1.34 | 1.32 | 1.66 |
| Dec 31, 2009 | 0.67 | 1.33 | 1.20 | 1.15 | 1.31 |
| Dec 31, 2008 | 0.77 | 1.30 | 1.15 | 1.12 | 1.45 |
| Dec 31, 2007 | 0.59 | 1.39 | 1.39 | 1.27 | 1.57 |
| Dec 31, 2006 | 0.84 | 1.33 | 1.19 | 1.34 | 1.39 |
| Dec 31, 2005 | 0.41 | 1.52 | 1.35 | 1.22 | 1.32 |
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), 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 Discretionary Distribution & Retail)
Expedia Group Inc., current ratio, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Expedia Group Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Dec 31, 2021 | 0.87 | 1.17 |
| Dec 31, 2020 | 1.04 | 1.06 |
| Dec 31, 2019 | 0.72 | 1.10 |
| Dec 31, 2018 | 0.64 | 1.13 |
| Dec 31, 2017 | 0.70 | 1.10 |
| Dec 31, 2016 | 0.56 | 1.12 |
| Dec 31, 2015 | 0.50 | 1.17 |
| Dec 31, 2014 | 0.70 | 1.23 |
| Dec 31, 2013 | 0.67 | 1.21 |
| Dec 31, 2012 | 0.88 | 1.30 |
| Dec 31, 2011 | 0.89 | 1.31 |
| Dec 31, 2010 | 0.90 | 1.36 |
| Dec 31, 2009 | 0.67 | 1.23 |
| Dec 31, 2008 | 0.77 | 1.20 |
| Dec 31, 2007 | 0.59 | 1.38 |
| Dec 31, 2006 | 0.84 | 1.26 |
| Dec 31, 2005 | 0.41 | 1.32 |
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), 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 Industry (Consumer Discretionary)
Expedia Group Inc., current ratio, long-term trends, comparison to industry (consumer discretionary)
| Expedia Group Inc. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2021 | 0.87 | 1.25 |
| Dec 31, 2020 | 1.04 | 1.19 |
| Dec 31, 2019 | 0.72 | 1.10 |
| Dec 31, 2018 | 0.64 | 1.15 |
| Dec 31, 2017 | 0.70 | 1.15 |
| Dec 31, 2016 | 0.56 | 1.12 |
| Dec 31, 2015 | 0.50 | 1.25 |
| Dec 31, 2014 | 0.70 | 1.11 |
| Dec 31, 2013 | 0.67 | 1.15 |
| Dec 31, 2012 | 0.88 | 1.14 |
| Dec 31, 2011 | 0.89 | 1.31 |
| Dec 31, 2010 | 0.90 | 1.24 |
| Dec 31, 2009 | 0.67 | 1.25 |
| Dec 31, 2008 | 0.77 | 0.96 |
| Dec 31, 2007 | 0.59 | 1.21 |
| Dec 31, 2006 | 0.84 | 1.15 |
| Dec 31, 2005 | 0.41 | 1.10 |
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), 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).