Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Uber Technologies Inc., liquidity ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Current ratio | 1.19 | 1.04 | 0.98 | 1.44 | 2.47 | |
| Quick ratio | 1.02 | 0.88 | 0.82 | 1.19 | 2.24 | |
| Cash ratio | 0.66 | 0.56 | 0.55 | 1.03 | 2.02 |
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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Uber Technologies Inc. current ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Uber Technologies Inc. quick ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Uber Technologies Inc. cash ratio improved from 2021 to 2022 and from 2022 to 2023. |
Current Ratio
Uber Technologies Inc., current ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 11,297) | 9,249) | 8,819) | 9,882) | 13,925) | |
| Current liabilities | 9,454) | 8,853) | 9,024) | 6,865) | 5,639) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 1.19 | 1.04 | 0.98 | 1.44 | 2.47 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| FedEx Corp. | 1.37 | 1.43 | 1.51 | 1.58 | 1.45 | |
| Union Pacific Corp. | 0.81 | 0.72 | 0.62 | 1.01 | 0.79 | |
| United Parcel Service Inc. | 1.10 | 1.22 | 1.42 | 1.19 | 1.11 | |
| Current Ratio, Sector | ||||||
| Transportation | 1.17 | 1.19 | 1.26 | 1.32 | 1.38 | |
| Current Ratio, Industry | ||||||
| Industrials | 1.18 | 1.22 | 1.31 | 1.43 | 1.20 | |
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).
1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 11,297 ÷ 9,454 = 1.19
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. | Uber Technologies Inc. current ratio improved from 2021 to 2022 and from 2022 to 2023. |
Quick Ratio
Uber Technologies Inc., quick ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 4,680) | 4,208) | 4,295) | 5,647) | 10,873) | |
| Short-term investments | 727) | 103) | —) | 1,180) | 440) | |
| Restricted cash and cash equivalents | 805) | 680) | 631) | 250) | 99) | |
| Accounts receivable, net of allowance | 3,404) | 2,779) | 2,439) | 1,073) | 1,214) | |
| Total quick assets | 9,616) | 7,770) | 7,365) | 8,150) | 12,626) | |
| Current liabilities | 9,454) | 8,853) | 9,024) | 6,865) | 5,639) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 1.02 | 0.88 | 0.82 | 1.19 | 2.24 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| FedEx Corp. | 1.25 | 1.31 | 1.40 | 1.45 | 1.27 | |
| Union Pacific Corp. | 0.61 | 0.52 | 0.47 | 0.79 | 0.56 | |
| United Parcel Service Inc. | 0.98 | 1.11 | 1.32 | 1.00 | 0.99 | |
| Quick Ratio, Sector | ||||||
| Transportation | 1.03 | 1.06 | 1.14 | 1.13 | 1.21 | |
| Quick Ratio, Industry | ||||||
| Industrials | 0.66 | 0.70 | 0.78 | 0.88 | 0.71 | |
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).
1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 9,616 ÷ 9,454 = 1.02
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. | Uber Technologies Inc. quick ratio improved from 2021 to 2022 and from 2022 to 2023. |
Cash Ratio
Uber Technologies Inc., cash ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 4,680) | 4,208) | 4,295) | 5,647) | 10,873) | |
| Short-term investments | 727) | 103) | —) | 1,180) | 440) | |
| Restricted cash and cash equivalents | 805) | 680) | 631) | 250) | 99) | |
| Total cash assets | 6,212) | 4,991) | 4,926) | 7,077) | 11,412) | |
| Current liabilities | 9,454) | 8,853) | 9,024) | 6,865) | 5,639) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.66 | 0.56 | 0.55 | 1.03 | 2.02 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| FedEx Corp. | 0.50 | 0.48 | 0.52 | 0.47 | 0.26 | |
| Union Pacific Corp. | 0.21 | 0.18 | 0.17 | 0.43 | 0.19 | |
| United Parcel Service Inc. | 0.34 | 0.42 | 0.60 | 0.37 | 0.37 | |
| Cash Ratio, Sector | ||||||
| Transportation | 0.44 | 0.44 | 0.51 | 0.52 | 0.59 | |
| Cash Ratio, Industry | ||||||
| Industrials | 0.26 | 0.29 | 0.35 | 0.45 | 0.34 | |
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).
1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 6,212 ÷ 9,454 = 0.66
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. | Uber Technologies Inc. cash ratio improved from 2021 to 2022 and from 2022 to 2023. |