Current Ratio
since 2013
Calculation
Hilton Worldwide Holdings Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 0.70 | = | 2,614) | ÷ | 3,722) |
| Dec 31, 2022 | 0.85 | = | 2,870) | ÷ | 3,372) |
| Dec 31, 2021 | 0.95 | = | 2,871) | ÷ | 3,019) |
| Dec 31, 2020 | 1.73 | = | 4,202) | ÷ | 2,431) |
| Dec 31, 2019 | 0.73 | = | 2,093) | ÷ | 2,871) |
| Dec 31, 2018 | 0.76 | = | 1,983) | ÷ | 2,615) |
| Dec 31, 2017 | 0.90 | = | 1,986) | ÷ | 2,208) |
| Dec 31, 2016 | 1.33 | = | 3,557) | ÷ | 2,684) |
| Dec 31, 2015 | 1.05 | = | 2,585) | ÷ | 2,467) |
| Dec 31, 2014 | 1.11 | = | 2,499) | ÷ | 2,257) |
| Dec 31, 2013 | 1.11 | = | 2,383) | ÷ | 2,142) |
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
An analysis of the liquidity position from 2013 to 2023 reveals a general deterioration in the short-term solvency profile, characterized by a transition from a current ratio consistently above 1.0 to a recurring state where current liabilities exceed current assets.
- Liquidity Stability and Initial Peak (2013-2016)
- Between 2013 and 2016, the current ratio remained relatively healthy, maintaining levels above 1.0 and reaching a period peak of 1.33. This stability was supported by a growth in current assets, which climbed from 2,383 million to 3,557 million, effectively outpacing the growth of current liabilities.
- First Period of Liquidity Contraction (2017-2019)
- A downward trend emerged in 2017, with the current ratio falling below the 1.0 threshold for three consecutive years, reaching a low of 0.73 in 2019. This decline was driven by a reduction in current assets to approximately 2,000 million and a simultaneous increase in current liabilities, which rose to 2,871 million by the end of 2019.
- 2020 Liquidity Spike
- A significant anomaly is observed in 2020, where the current ratio surged to 1.73. This spike resulted from a sharp increase in current assets to 4,202 million and a decrease in current liabilities to 2,431 million, representing the highest liquidity level recorded in the analyzed period.
- Recent Deterioration (2021-2023)
- From 2021 to 2023, a consistent decline in the current ratio is evident, falling from 0.95 to 0.70. This trend is characterized by a steady escalation of current liabilities, which reached a period high of 3,722 million in 2023, coupled with a decrease in current assets to 2,614 million.
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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 | 0.70 | 1.66 | 1.28 | 1.57 | 1.64 | 1.16 | 0.78 |
| Dec 31, 2022 | 0.85 | 1.86 | 1.86 | 1.28 | 1.86 | 1.43 | 0.77 |
| Dec 31, 2021 | 0.95 | 1.95 | 2.10 | 1.58 | 2.59 | 1.78 | 1.20 |
| Dec 31, 2020 | 1.73 | 1.73 | 3.56 | 1.73 | 3.94 | 1.01 | 1.06 |
| Dec 31, 2019 | 0.73 | — | 1.83 | 1.61 | — | 0.98 | 0.92 |
| Dec 31, 2018 | 0.76 | — | 2.36 | 1.81 | — | 1.36 | 2.20 |
| Dec 31, 2017 | 0.90 | — | 2.58 | 1.94 | — | 1.84 | 1.25 |
| Dec 31, 2016 | 1.33 | — | 1.89 | 1.85 | — | 1.40 | 1.05 |
| Dec 31, 2015 | 1.05 | — | 2.47 | 2.91 | — | 3.27 | 1.19 |
| Dec 31, 2014 | 1.11 | — | 3.82 | 3.58 | — | 1.52 | 1.37 |
| Dec 31, 2013 | 1.11 | — | 5.41 | 3.34 | — | 1.59 | 1.02 |
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 | 0.70 | 1.28 |
| Dec 31, 2022 | 0.85 | 1.49 |
| Dec 31, 2021 | 0.95 | 1.77 |
| Dec 31, 2020 | 1.73 | 1.73 |
| Dec 31, 2019 | 0.73 | 1.27 |
| Dec 31, 2018 | 0.76 | 2.04 |
| Dec 31, 2017 | 0.90 | 1.85 |
| Dec 31, 2016 | 1.33 | 1.39 |
| Dec 31, 2015 | 1.05 | 2.21 |
| Dec 31, 2014 | 1.11 | 1.96 |
| Dec 31, 2013 | 1.11 | 1.84 |
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 | 0.70 | 1.20 |
| Dec 31, 2022 | 0.85 | 1.15 |
| Dec 31, 2021 | 0.95 | 1.25 |
| Dec 31, 2020 | 1.73 | 1.19 |
| Dec 31, 2019 | 0.73 | 1.10 |
| Dec 31, 2018 | 0.76 | 1.15 |
| Dec 31, 2017 | 0.90 | 1.15 |
| Dec 31, 2016 | 1.33 | 1.12 |
| Dec 31, 2015 | 1.05 | 1.25 |
| Dec 31, 2014 | 1.11 | 1.11 |
| Dec 31, 2013 | 1.11 | 1.15 |
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).