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.