Allegiant Travel Company (ALGT)
Cash 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash and cash equivalents | US$ in thousands | 285,892 | 265,874 | 215,799 | 193,414 | 143,259 | 284,213 | 152,239 | 317,573 | 229,989 | 240,528 | 396,091 | 403,085 | 363,378 | 193,627 | 418,448 | 301,615 | 152,764 | 268,042 | 272,210 | 138,361 |
Short-term investments | US$ in thousands | 495,234 | 493,393 | 576,115 | 616,461 | 671,414 | 651,213 | 825,167 | 690,593 | 725,063 | 761,362 | 813,243 | 808,949 | 819,478 | 877,344 | 767,410 | 426,381 | 532,477 | 441,764 | 390,864 | 314,946 |
Total current liabilities | US$ in thousands | 1,277,400 | 1,234,560 | 1,322,020 | 1,320,670 | 1,199,560 | 1,049,700 | 1,067,510 | 1,117,260 | 869,831 | 910,089 | 918,236 | 888,216 | 663,045 | 692,774 | 838,107 | 742,340 | 689,345 | 776,894 | 859,037 | 743,904 |
Cash ratio | 0.61 | 0.62 | 0.60 | 0.61 | 0.68 | 0.89 | 0.92 | 0.90 | 1.10 | 1.10 | 1.32 | 1.36 | 1.78 | 1.55 | 1.41 | 0.98 | 0.99 | 0.91 | 0.77 | 0.61 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($285,892K
+ $495,234K)
÷ $1,277,400K
= 0.61
The cash ratio of Allegiant Travel Company has shown fluctuations over the years, indicating the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
Starting at 0.61 on March 31, 2020, the cash ratio gradually improved, reaching its peak of 1.78 on December 31, 2021. This significant increase in the cash ratio suggests that Allegiant Travel Company had a substantial amount of cash on hand relative to its current liabilities during that period.
However, from March 31, 2022, the cash ratio started to decline, dropping to 0.61 by December 31, 2024. This downward trend could indicate a potential decrease in liquidity or an increase in short-term liabilities that the company needs to address.
Overall, while the cash ratio of Allegiant Travel Company has shown both positive and negative trends over the years, investors and stakeholders should closely monitor changes in the ratio to assess the company's liquidity position and its ability to meet short-term obligations.
Peer comparison
Dec 31, 2024