American Airlines Group (AAL)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total current assets	US$ in thousands	13,154,000	14,456,000	14,795,000	14,542,000	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
Total current liabilities	US$ in thousands	24,295,000	25,532,000	24,610,000	24,993,000	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
Current ratio		0.54	0.57	0.60	0.58	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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $13,154,000K ÷ $24,295,000K
= 0.54

The current ratio of American Airlines Group has displayed some fluctuations over the past few years. Starting at a low of 0.37 on March 31, 2020, the ratio improved gradually to reach its highest point of 1.05 on June 30, 2021. Subsequently, the ratio fluctuated within a range, showing slight decreases and increases, but generally remaining above 1, indicating a stronger ability to cover short-term liabilities with current assets.

However, from December 31, 2021, the ratio began to decline, dropping to 0.54 on December 31, 2024. This downward trend may suggest potential liquidity concerns or challenges in meeting short-term obligations with current assets. It would be important for stakeholders to monitor this trend closely to assess the company's financial health and ability to manage its short-term financial obligations effectively.