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 over the years reveal notable fluctuations in liquidity and working capital management. Current assets generally increased from 590 million US dollars at the end of 2005 to a peak of 7,735 million US dollars by the end of 2019, demonstrating an overall expansion in assets available for short-term obligations. Despite this growth, there is some volatility, especially visible in 2020 where current assets decreased to 5,634 million US dollars before recovering to 8,181 million US dollars in 2021.
Current liabilities show a similar upward trend, increasing significantly from 1,438 million US dollars at the end of 2005 to 10,714 million US dollars by the end of 2019. A sharp reduction occurred in 2020, with liabilities falling to 5,406 million US dollars, followed by a notable increase again to 9,450 million US dollars in 2021. This pattern suggests considerable fluctuations possibly related to changing operational or financial structuring factors around the 2020 period.
The current ratio, which measures the company's ability to cover short-term liabilities with short-term assets, remained below 1 for most years, indicating potential liquidity challenges. The current ratio started very low at 0.41 in 2005, improved somewhat with fluctuations in the following years, but generally stayed under 1. A notable increase to above 1 occurred in 2020 at 1.04, suggesting relatively stronger liquidity in that year, but it declined to 0.87 in 2021. This indicates that while there was an improvement in immediate liquidity at 2020, sustainability of this improvement faced challenges in the subsequent year.
Overall, the pattern shows consistent growth in scale for both current assets and liabilities over the 16-year period, with abrupt movements in 2020 likely due to external or extraordinary events impacting operations or financial policy. While the company maintained a low current ratio for most of the period, showing constrained liquidity, the brief improvement observed highlights efforts to strengthen short-term financial stability, although such improvements were not fully sustained.
- Current Assets Trend
- Generally increasing with some volatility, peaking in 2019 followed by a dip in 2020 and recovery in 2021.
- Current Liabilities Trend
- Steady rise over the years with a marked dip in 2020 and subsequent partial recovery in 2021.
- Liquidity Position (Current Ratio)
- Mostly below 1, indicating tight liquidity, with a notable but short-lived improvement in 2020.
- Insights
- The significant fluctuations around 2020 suggest external factors affecting liquidity and working capital. Continuous growth in liabilities relative to assets points to increased financial leverage or operational scale that requires careful management to avoid liquidity risk.
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).