Allegiant Travel Company (ALGT)

Quick 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	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
Receivables	US$ in thousands	90,407	62,324	76,475	72,494	70,743	43,957	47,147	57,798	106,578	79,150	85,315	91,070	62,659	147,407	175,388	188,116	192,215	166,924	208,573	190,108
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
Quick ratio		0.68	0.67	0.66	0.67	0.74	0.93	0.96	0.95	1.22	1.19	1.41	1.47	1.88	1.76	1.62	1.23	1.27	1.13	1.01	0.86

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($285,892K + $495,234K + $90,407K) ÷ $1,277,400K
= 0.68

The quick ratio of Allegiant Travel Company has shown fluctuations over the past few years, ranging from a low of 0.67 to a high of 1.88. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its most liquid assets.

In the most recent period ending December 31, 2024, the quick ratio stood at 0.68, which suggests that Allegiant may have a limited ability to cover its current liabilities with its quick assets alone. This could potentially raise concerns about the company's short-term financial health and ability to meet its obligations in a timely manner.

It is important for investors and analysts to continue monitoring Allegiant's quick ratio to assess the company's liquidity position and evaluate its ability to address short-term financial needs effectively.