Alaska Air Group Inc (ALK)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 281,000 | 647,000 | 536,000 | 516,000 | 338,000 | 688,000 | 778,000 | 628,000 | 470,000 | 495,000 | 1,025,000 | 1,076,000 | 1,370,000 | 1,855,000 | 1,509,000 | 811,000 | 221,000 | 237,000 | 244,000 | 215,000 |
| Short-term investments | US$ in thousands | 1,510,000 | 1,804,000 | 1,906,000 | 1,913,000 | 2,079,000 | 2,462,000 | 2,647,000 | 2,262,000 | 2,646,000 | 2,700,000 | 2,926,000 | 2,473,000 | 1,976,000 | 1,904,000 | 1,294,000 | 1,314,000 | 1,300,000 | 1,382,000 | 1,383,000 | 1,221,000 |
| Total current liabilities | US$ in thousands | 4,459,000 | 5,074,000 | 5,176,000 | 4,857,000 | 4,493,000 | 4,709,000 | 4,902,000 | 4,570,000 | 3,991,000 | 4,024,000 | 4,846,000 | 4,762,000 | 4,293,000 | 4,207,000 | 4,120,000 | 3,730,000 | 3,201,000 | 3,346,000 | 3,534,000 | 3,386,000 |
| Cash ratio | 0.40 | 0.48 | 0.47 | 0.50 | 0.54 | 0.67 | 0.70 | 0.63 | 0.78 | 0.79 | 0.82 | 0.75 | 0.78 | 0.89 | 0.68 | 0.57 | 0.48 | 0.48 | 0.46 | 0.42 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($281,000K
+ $1,510,000K)
÷ $4,459,000K
= 0.40
The cash ratio of Alaska Air Group Inc. has shown a relatively stable trend over the past eight quarters, ranging from 0.49 to 0.76. The ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
The downward trend from 0.76 in Q2 2022 to 0.49 in Q4 2023 could indicate a decrease in the company's available cash relative to its current liabilities. However, the ratio has since stabilized around 0.55, suggesting that Alaska Air Group Inc. has maintained a consistent level of liquidity to meet its short-term obligations.
Overall, the cash ratio indicates that the company has a reasonable level of liquidity, although there may be fluctuations in the future depending on the company's cash management practices and business performance.
Peer comparison
Dec 31, 2023