Alaska Air Group Inc (ALK)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,201,000 | 281,000 | 338,000 | 470,000 | 1,370,000 |
| Short-term investments | US$ in thousands | 1,274,000 | 1,510,000 | 2,079,000 | 2,646,000 | 1,976,000 |
| Total current liabilities | US$ in thousands | 6,145,000 | 4,459,000 | 4,512,000 | 3,991,000 | 4,271,000 |
| Cash ratio | 0.40 | 0.40 | 0.54 | 0.78 | 0.78 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,201,000K
+ $1,274,000K)
÷ $6,145,000K
= 0.40
The cash ratio of Alaska Air Group Inc has shown a slight decrease from 0.78 on December 31, 2021, to 0.54 on December 31, 2022, and further declined to 0.40 by December 31, 2023, holding steady at the same level on December 31, 2024. This indicates that the company may have a lower ability to cover its short-term obligations with its available cash and cash equivalents in recent years. It is important for the company to closely monitor this trend to ensure sufficient liquidity to meet its financial obligations in a timely manner.
Peer comparison
Dec 31, 2024