Current Ratio
since 2013
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Hilton Worldwide Holdings Inc. pages available for free this week:
- Income Statement
- Common-Size Income Statement
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Return on Equity (ROE) since 2013
- Return on Assets (ROA) since 2013
- Analysis of Revenues
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Calculation
Hilton Worldwide Holdings Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | = | ÷ | |||
| Dec 31, 2022 | = | ÷ | |||
| Dec 31, 2021 | = | ÷ | |||
| Dec 31, 2020 | = | ÷ | |||
| Dec 31, 2019 | = | ÷ | |||
| Dec 31, 2018 | = | ÷ | |||
| Dec 31, 2017 | = | ÷ | |||
| Dec 31, 2016 | = | ÷ | |||
| Dec 31, 2015 | = | ÷ | |||
| Dec 31, 2014 | = | ÷ | |||
| Dec 31, 2013 | = | ÷ |
Based on: 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).
1 US$ in millions
- Current Assets
- The current assets exhibit variability over the reported period. From 2013 to 2016, there is a steady increase from 2,383 million US dollars to 3,557 million US dollars, highlighting growth in liquid or short-term assets. However, from 2016 to 2017, a sharp decline to 1,986 million occurs, followed by a relatively stable period around the 1,900 to 2,100 million range until 2019. In 2020, current assets experience a significant rise to 4,202 million, which may be indicative of a strategic liquidity increase or operational changes. Subsequently, there is a decrease in 2021 to 2,871 million, with marginal decreases continuing through 2023, ending at 2,614 million.
- Current Liabilities
- Current liabilities show a general upward trend over the period. Starting at 2,142 million US dollars in 2013, these liabilities gradually increase with minor fluctuations, reaching 2,871 million by 2019. An anomalous dip appears in 2020 where liabilities decrease to 2,431 million, possibly reflecting reduced short-term obligations or liquidity management during that year. From 2020 onwards, current liabilities climb steadily, reaching 3,722 million in 2023, marking the highest point in the data set.
- Current Ratio
- The current ratio fluctuates notably over the years, indicating varying short-term financial liquidity conditions. Initially stable at around 1.11 in 2013 and 2014, the ratio slightly decreases to 1.05 in 2015 but rises to 1.33 in 2016. Following 2016, there is a downward trend with the ratio falling below 1.0 starting in 2017, which signals a potential liquidity concern. From 2017 to 2019, the ratio remains below 1.0, reaching as low as 0.73, suggesting that current liabilities exceed current assets during this period. A marked improvement occurs in 2020 when the current ratio spikes to 1.73, indicating enhanced short-term liquidity. Nevertheless, this improvement is short-lived, as the ratio declines again to 0.95 in 2021 and further deteriorates to 0.7 by 2023, the lowest point, reinforcing concerns about liquidity pressures or rising short-term obligations exceeding available assets.
- Summary
- Overall, the analyzed data reveals that current assets and liabilities have both experienced significant fluctuations, with liabilities generally trending upward. The current ratio's variability reflects changes in the company's liquidity position, with notable periods where short-term liabilities outweighed assets, potentially indicating tighter liquidity constraints. The substantial increase in current assets and current ratio in 2020 is a prominent deviation, possibly responsive to external conditions or deliberate financial management strategies. However, the subsequent decline in liquidity ratios through 2023 underscores potential ongoing challenges in maintaining short-term financial health.
Comparison to Competitors
Hilton Worldwide Holdings Inc., current ratio, long-term trends, comparison to competitors
| Hilton Worldwide Holdings Inc. | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | DoorDash, Inc. | McDonald’s Corp. | Starbucks Corp. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | |||||||
| Dec 31, 2022 | |||||||
| Dec 31, 2021 | |||||||
| Dec 31, 2020 | |||||||
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| Dec 31, 2018 | |||||||
| Dec 31, 2017 | |||||||
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| Dec 31, 2015 | |||||||
| Dec 31, 2014 | |||||||
| Dec 31, 2013 |
Based on: 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).
Comparison to Sector (Consumer Services)
Hilton Worldwide Holdings Inc., current ratio, long-term trends, comparison to sector (consumer services)
| Hilton Worldwide Holdings Inc. | Consumer Services | |
|---|---|---|
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 31, 2019 | ||
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 31, 2013 |
Based on: 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).
Comparison to Industry (Consumer Discretionary)
Hilton Worldwide Holdings Inc., current ratio, long-term trends, comparison to industry (consumer discretionary)
| Hilton Worldwide Holdings Inc. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 31, 2019 | ||
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 31, 2013 |
Based on: 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).