American Airlines Group (AAL)

Current ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	13,572,000	16,708,000	18,220,000	17,652,000	15,269,000	17,377,000	18,525,000	17,762,000	17,336,000	19,195,000	22,647,000	18,089,000	11,095,000	12,340,000	13,789,000	7,175,000	8,206,000	9,572,000	9,850,000	8,654,000
Total current liabilities	US$ in thousands	22,062,000	24,380,000	24,316,000	24,590,000	21,496,000	21,970,000	22,770,000	21,866,000	19,006,000	18,938,000	21,521,000	17,333,000	16,569,000	16,584,000	18,000,000	19,213,000	18,311,000	19,560,000	20,123,000	19,849,000
Current ratio		0.62	0.69	0.75	0.72	0.71	0.79	0.81	0.81	0.91	1.01	1.05	1.04	0.67	0.74	0.77	0.37	0.45	0.49	0.49	0.44

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 shown fluctuations over the past eight quarters. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio of less than 1 indicates that the company may have difficulties in meeting its short-term liabilities.

The current ratio for American Airlines Group Inc ranged from 0.62 to 0.81 over the last eight quarters. The ratio decreased from 0.81 in Q1 2022 to 0.62 in Q4 2023, showing a declining trend in the company's ability to cover its short-term obligations with its current assets.

Overall, the current ratio of American Airlines Group Inc has been below 1 for all quarters, indicating potential liquidity concerns. Further analysis of the company's current assets and liabilities would be necessary to understand the reasons behind the fluctuations in the current ratio and evaluate the company's liquidity position more accurately.