Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Marriott International Inc., liquidity ratios (quarterly data)
Based on: 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), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Marriott International Inc. current ratio deteriorated from Q3 2019 to Q4 2019 but then improved from Q4 2019 to Q1 2020 exceeding Q3 2019 level. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Marriott International Inc. quick ratio deteriorated from Q3 2019 to Q4 2019 but then improved from Q4 2019 to Q1 2020 exceeding Q3 2019 level. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Marriott International Inc. cash ratio deteriorated from Q3 2019 to Q4 2019 but then improved from Q4 2019 to Q1 2020 exceeding Q3 2019 level. |
Current Ratio
Marriott International Inc., current ratio calculation (quarterly data)
| Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current assets | 4,049) | 3,127) | 2,900) | 2,869) | 2,735) | 2,706) | 2,803) | 2,817) | 3,152) | 2,747) | 2,944) | 2,830) | 3,121) | 3,371) | 3,787) | 1,959) | 1,424) | 1,384) | 1,723) | 1,906) | 1,828) | |||||||
| Current liabilities | 6,516) | 6,677) | 5,738) | 5,624) | 5,848) | 6,437) | 6,051) | 5,904) | 6,469) | 6,010) | 5,608) | 5,363) | 5,223) | 5,147) | 5,229) | 3,244) | 3,247) | 3,233) | 3,509) | 3,517) | 3,030) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Current ratio1 | 0.62 | 0.47 | 0.51 | 0.51 | 0.47 | 0.42 | 0.46 | 0.48 | 0.49 | 0.46 | 0.52 | 0.53 | 0.60 | 0.65 | 0.72 | 0.60 | 0.44 | 0.43 | 0.49 | 0.54 | 0.60 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||||
| Airbnb Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | 2.24 | 1.83 | 1.82 | 1.58 | 1.27 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Carnival Corp. & plc | 0.27 | 0.23 | 0.30 | 0.27 | 0.22 | 0.24 | 0.22 | 0.24 | 0.19 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Chipotle Mexican Grill Inc. | 1.62 | 1.61 | 1.51 | 1.52 | 1.44 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| McDonald’s Corp. | 1.90 | 0.98 | 0.84 | 1.21 | 1.47 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Starbucks Corp. | 0.68 | 0.92 | 1.31 | 0.94 | 1.41 | 2.20 | 1.01 | 1.09 | 1.01 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 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), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q1 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 4,049 ÷ 6,516 = 0.62
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. | Marriott International Inc. current ratio deteriorated from Q3 2019 to Q4 2019 but then improved from Q4 2019 to Q1 2020 exceeding Q3 2019 level. |
Quick Ratio
Marriott International Inc., quick ratio calculation (quarterly data)
| Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Cash and equivalents | 1,760) | 225) | 276) | 284) | 258) | 316) | 373) | 366) | 701) | 383) | 508) | 498) | 738) | 858) | 1,078) | 679) | 99) | 96) | 95) | 140) | 120) | |||||||
| Accounts and notes receivable, net | 2,068) | 2,395) | 2,394) | 2,328) | 2,218) | 2,133) | 2,175) | 2,174) | 2,098) | 1,991) | 1,914) | 1,804) | 1,752) | 1,695) | 1,705) | 1,152) | 1,143) | 1,103) | 1,144) | 1,188) | 1,172) | |||||||
| Total quick assets | 3,828) | 2,620) | 2,670) | 2,612) | 2,476) | 2,449) | 2,548) | 2,540) | 2,799) | 2,374) | 2,422) | 2,302) | 2,490) | 2,553) | 2,783) | 1,831) | 1,242) | 1,199) | 1,239) | 1,328) | 1,292) | |||||||
| Current liabilities | 6,516) | 6,677) | 5,738) | 5,624) | 5,848) | 6,437) | 6,051) | 5,904) | 6,469) | 6,010) | 5,608) | 5,363) | 5,223) | 5,147) | 5,229) | 3,244) | 3,247) | 3,233) | 3,509) | 3,517) | 3,030) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Quick ratio1 | 0.59 | 0.39 | 0.47 | 0.46 | 0.42 | 0.38 | 0.42 | 0.43 | 0.43 | 0.40 | 0.43 | 0.43 | 0.48 | 0.50 | 0.53 | 0.56 | 0.38 | 0.37 | 0.35 | 0.38 | 0.43 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||
| Airbnb Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | 1.70 | 1.49 | 1.49 | 1.14 | 0.69 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Carnival Corp. & plc | 0.16 | 0.11 | 0.18 | 0.15 | 0.11 | 0.15 | 0.11 | 0.15 | 0.09 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Chipotle Mexican Grill Inc. | 1.42 | 1.44 | 1.36 | 1.40 | 1.35 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| McDonald’s Corp. | 1.77 | 0.86 | 0.74 | 0.98 | 1.27 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Starbucks Corp. | 0.46 | 0.59 | 0.95 | 0.54 | 1.05 | 1.69 | 0.51 | 0.60 | 0.68 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 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), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q1 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 3,828 ÷ 6,516 = 0.59
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. | Marriott International Inc. quick ratio deteriorated from Q3 2019 to Q4 2019 but then improved from Q4 2019 to Q1 2020 exceeding Q3 2019 level. |
Cash Ratio
Marriott International Inc., cash ratio calculation (quarterly data)
| Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Cash and equivalents | 1,760) | 225) | 276) | 284) | 258) | 316) | 373) | 366) | 701) | 383) | 508) | 498) | 738) | 858) | 1,078) | 679) | 99) | 96) | 95) | 140) | 120) | |||||||
| Total cash assets | 1,760) | 225) | 276) | 284) | 258) | 316) | 373) | 366) | 701) | 383) | 508) | 498) | 738) | 858) | 1,078) | 679) | 99) | 96) | 95) | 140) | 120) | |||||||
| Current liabilities | 6,516) | 6,677) | 5,738) | 5,624) | 5,848) | 6,437) | 6,051) | 5,904) | 6,469) | 6,010) | 5,608) | 5,363) | 5,223) | 5,147) | 5,229) | 3,244) | 3,247) | 3,233) | 3,509) | 3,517) | 3,030) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Cash ratio1 | 0.27 | 0.03 | 0.05 | 0.05 | 0.04 | 0.05 | 0.06 | 0.06 | 0.11 | 0.06 | 0.09 | 0.09 | 0.14 | 0.17 | 0.21 | 0.21 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||
| Airbnb Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | 1.54 | 1.18 | 1.17 | 0.83 | 0.42 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Carnival Corp. & plc | 0.13 | 0.06 | 0.13 | 0.12 | 0.07 | 0.11 | 0.07 | 0.11 | 0.05 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Chipotle Mexican Grill Inc. | 1.32 | 1.32 | 1.29 | 1.31 | 1.26 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| McDonald’s Corp. | 1.35 | 0.25 | 0.28 | 0.35 | 0.68 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Starbucks Corp. | 0.36 | 0.45 | 0.82 | 0.40 | 0.92 | 1.57 | 0.36 | 0.43 | 0.55 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 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), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q1 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,760 ÷ 6,516 = 0.27
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. | Marriott International Inc. cash ratio deteriorated from Q3 2019 to Q4 2019 but then improved from Q4 2019 to Q1 2020 exceeding Q3 2019 level. |