Current Ratio
since 2019
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Uber Technologies Inc. pages available for free this week:
- Cash Flow Statement
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2019
- Total Asset Turnover since 2019
- Price to Sales (P/S) since 2019
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Calculation
Uber Technologies Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | = | ÷ | |||
| Dec 31, 2023 | = | ÷ | |||
| Dec 31, 2022 | = | ÷ | |||
| Dec 31, 2021 | = | ÷ | |||
| Dec 31, 2020 | = | ÷ | |||
| Dec 31, 2019 | = | ÷ |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 US$ in millions
- Current Assets
- The current assets exhibit a declining trend from US$ 13,925 million in 2019 to a low of US$ 8,819 million in 2021. After this decline, there is a recovery phase where current assets increase steadily to US$ 12,245 million by 2024. This suggests an initial depletion of liquid assets or possible investment shifts followed by a restoration or growth in current assets over the latter periods.
- Current Liabilities
- Current liabilities show an overall increasing trajectory throughout the analyzed period, rising from US$ 5,639 million in 2019 to US$ 11,476 million in 2024. Notably, there is a sharp increase between 2020 and 2021, and despite minor fluctuations, liabilities remain at elevated levels, indicating a growing short-term obligation burden on the company.
- Current Ratio
- The current ratio experiences a significant decline from a healthy 2.47 in 2019 to below 1.0 (0.98) in 2021, signaling that current liabilities have surpassed current assets during this period, potentially indicating liquidity pressure. From 2021 onward, the ratio improves modestly to a peak of 1.19 in 2023 but then slightly decreases to 1.07 in 2024. Despite this improvement, the ratio remains substantially lower than at the start of the period, suggesting only a marginally sound short-term liquidity position compared to previous years.
- Overall Insights
- The financial data indicates a deterioration of short-term liquidity between 2019 and 2021, characterized by falling current assets, rising current liabilities, and a current ratio dropping below 1. This may reflect operational challenges or strategic financial decisions during that timeframe. Subsequent years show efforts toward restoring liquidity through growing current assets and a moderately improved current ratio. However, the increase in current liabilities persists, requiring ongoing attention to working capital management and potential liquidity risks.
Comparison to Competitors
Uber Technologies Inc., current ratio, long-term trends, comparison to competitors
| Uber Technologies Inc. | FedEx Corp. | Union Pacific Corp. | United Airlines Holdings Inc. | United Parcel Service Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2024 | |||||
| Dec 31, 2023 | |||||
| Dec 31, 2022 | |||||
| Dec 31, 2021 | |||||
| Dec 31, 2020 | |||||
| Dec 31, 2019 |
Based on: 10-K (reporting date: 2024-12-31), 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).
Comparison to Sector (Transportation)
Uber Technologies Inc., current ratio, long-term trends, comparison to sector (transportation)
| Uber Technologies Inc. | Transportation | |
|---|---|---|
| Dec 31, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 31, 2019 |
Based on: 10-K (reporting date: 2024-12-31), 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).
Comparison to Industry (Industrials)
Uber Technologies Inc., current ratio, long-term trends, comparison to industry (industrials)
| Uber Technologies Inc. | Industrials | |
|---|---|---|
| Dec 31, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 31, 2019 |
Based on: 10-K (reporting date: 2024-12-31), 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).