American Airlines Group (AAL)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 13,572,000 | 15,269,000 | 17,336,000 | 11,095,000 | 8,206,000 |
| Total current liabilities | US$ in thousands | 22,062,000 | 21,496,000 | 19,006,000 | 16,569,000 | 18,311,000 |
| Current ratio | 0.62 | 0.71 | 0.91 | 0.67 | 0.45 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $13,572,000K ÷ $22,062,000K
= 0.62
The current ratio of American Airlines Group Inc has fluctuated over the past five years, indicating the company's liquidity position. In 2023, the current ratio decreased to 0.62 from the prior year's 0.71, which suggests a decline in the company's ability to meet short-term obligations with its current assets. Although the current ratio in 2023 is below 1, indicating the company may have challenges in meeting its short-term debt obligations, it is important to consider industry standards and assess the trend over several periods to get a more comprehensive view of the company's liquidity position. Further analysis and comparison with industry peers are recommended to gain a better understanding of American Airlines Group Inc's current financial health.
Peer comparison
Dec 31, 2023