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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Sonder Holdings's current ratio for the quarter that ended in Sep. 2023 was 0.71.
Sonder Holdings has a current ratio of 0.71. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Sonder Holdings has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Sonder Holdings's Current Ratio or its related term are showing as below:
During the past 4 years, Sonder Holdings's highest Current Ratio was 4.21. The lowest was 0.38. And the median was 1.25.
The historical data trend for Sonder Holdings's Current 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 | |||||
Current 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 | |
Current Ratio | Get a 7-Day Free Trial | 1.43 | 1.25 | 0.97 | 0.85 | 0.71 |
For the Lodging subindustry, Sonder Holdings's Current Ratio, along with its competitors' market caps and Current 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 Current Ratio distribution charts can be found below:
* The bar in red indicates where Sonder Holdings's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Sonder Holdings's Current Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Current Ratio (A: Dec. 2022 ) | = | Total Current Assets (A: Dec. 2022 ) | / | Total Current Liabilities (A: Dec. 2022 ) |
= | 312.93 | / | 250.641 | |
= | 1.25 |
Sonder Holdings's Current Ratio for the quarter that ended in Sep. 2023 is calculated as
Current Ratio (Q: Sep. 2023 ) | = | Total Current Assets (Q: Sep. 2023 ) | / | Total Current Liabilities (Q: Sep. 2023 ) |
= | 233.258 | / | 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) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of Sonder Holdings's Current 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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