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The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Sonder Holdings's quick ratio for the quarter that ended in Sep. 2023 was 0.71.
Sonder Holdings has a quick ratio of 0.71. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Sonder Holdings's Quick Ratio or its related term are showing as below:
During the past 4 years, Sonder Holdings's highest Quick Ratio was 4.21. The lowest was 0.38. And the median was 1.25.
The historical data trend for Sonder Holdings's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sonder Holdings Annual Data | |||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | |||||
Quick Ratio | 4.21 | 2.70 | 0.38 | 1.25 |
Sonder Holdings Quarterly Data | ||||||||||||||
Dec19 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Quick Ratio | Get a 7-Day Free Trial | 1.43 | 1.25 | 0.97 | 0.85 | 0.71 |
For the Lodging subindustry, Sonder Holdings's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Travel & Leisure industry and Consumer Cyclical sector, Sonder Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Sonder Holdings's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Sonder Holdings's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Quick Ratio (A: Dec. 2022 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (312.93 | - | 0) | / | 250.641 | |
= | 1.25 |
Sonder Holdings's Quick Ratio for the quarter that ended in Sep. 2023 is calculated as
Quick Ratio (Q: Sep. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (233.258 | - | 0) | / | 329.266 | |
= | 0.71 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sonder Holdings (NAS:SOND) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Thank you for viewing the detailed overview of Sonder Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher Michael Berry | officer: Chief Accounting Officer | C/O SONDER HOLDINGS INC., 101 15TH ST., SAN FRANCISCO CA 94103 |
Francis Davidson | director, officer: Chief Executive Officer | C/O SONDER HOLDINGS, INC., 101 15TH ST, SAN FRANCISCO CA 94103 |
Philip L Rothenberg | officer: General Counsel & Secretary | C/O SONDER HOLDINGS, INC., 101 15TH ST, SAN FRANCISCO CA 94103 |
Dominique Bourgault | officer: Chief Financial Officer | 6802 AZALEA WAY SE, SNOQUALMIE WA 98065 |
Prashant Aggarwal | director | C/O ARLO TECHNOLOGIES, INC., 350 EAST PLUMERIA DR, SAN JOSE CA 95134 |
Martin Picard | officer: Global Head of Real Estate | C/O SONDER HOLDINGS, INC., 101 15TH ST, SAN FRANCISCO CA 94103 |
Michelle M Frymire | director | C/O SPIRIT REALTY CAPITAL, INC., 2727 N. HARWOOD STREET, SUITE 300, DALLAS TX 75201 |
Nabeel A Hyatt | director | C/O SONDER HOLDINGS, INC., 101 15TH ST, SAN FRANCISCO CA 94103 |
Van Paasschen Frits D | director | C/O STARWOOD HOTELS & RESORTS WORLDWIDE, 1111 WESTCHESTER AVENUE, WHITE PLAINS NY 10604 |
Gilda Perez-alvarado | director | C/O SONDER HOLDINGS, INC., 101 15TH ST., SAN FRANCISCO CA 94103 |
Janice L. Sears | director | 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403 |
Sanjay D Banker | officer: President and CFO | C/O SONDER HOLDINGS, INC., 101 15TH ST, SAN FRANCISCO CA 94103 |
Ritesh K Patel | officer: VP, Controller | C/O SONDER HOLDINGS INC., 101 15TH ST., SAN FRANCISCO CA 94103 |
Satyen J Pandya | officer: Chief Technology Officer | C/O SONDER HOLDINGS, INC., 101 15TH ST., SAN FRANCISCO CA 94103 |
Manon Brouillette | director | 40 AVENUE SPRINGGROVE, MONTREAL Z4 H3C 4M8 |
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