Allegiant Travel Company (ALGT)

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	991,605	930,616	980,455	1,007,110	1,001,130	1,143,490	1,208,500	1,300,100	1,274,270	1,197,550	1,402,440	1,410,490	1,338,410	1,320,760	1,456,920	999,688	943,633	951,203	937,487	730,797
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
Current ratio		0.78	0.75	0.74	0.76	0.83	1.09	1.13	1.16	1.46	1.32	1.53	1.59	2.02	1.91	1.74	1.35	1.37	1.22	1.09	0.98

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $991,605K ÷ $1,277,400K
= 0.78

The current ratio of Allegiant Travel Company has fluctuated over the past few years. It stood at 0.98 as of March 31, 2020, indicating that the company may have had difficulties meeting its short-term obligations with its current assets alone. However, the ratio improved steadily over the next few quarters, reaching a peak of 2.02 as of December 31, 2021, suggesting an improved liquidity position.

Subsequently, the current ratio declined to 0.83 by December 31, 2023, indicating a potential strain on the company's ability to cover its short-term liabilities. This decline continued into the following quarters, with the ratio standing at 0.78 as of December 31, 2024.

Overall, the current ratio of Allegiant Travel Company has shown variability, with periods of strength and weakness in terms of its liquidity position. Monitoring this ratio closely is important to assess the company's ability to meet its short-term financial obligations.