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.