Alaska Air Group Inc (ALK)

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	3,760,000	3,737,000	3,376,000	3,129,000	2,705,000	3,644,000	3,244,000	3,099,000	3,040,000	3,810,000	4,232,000	3,974,000	3,920,000	4,001,000	4,771,000	4,284,000	4,006,000	4,465,000	3,244,000	2,572,000
Total current liabilities	US$ in thousands	6,145,000	6,248,000	4,968,000	4,829,000	4,459,000	5,074,000	5,176,000	4,857,000	4,512,000	4,709,000	4,902,000	4,570,000	3,991,000	4,038,000	4,846,000	4,762,000	4,271,000	4,207,000	4,120,000	3,730,000
Current ratio		0.61	0.60	0.68	0.65	0.61	0.72	0.63	0.64	0.67	0.81	0.86	0.87	0.98	0.99	0.98	0.90	0.94	1.06	0.79	0.69

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,760,000K ÷ $6,145,000K
= 0.61

The current ratio of Alaska Air Group Inc has shown fluctuations over the reported quarters. It was below 1 in the initial periods of 2020 and 2022, indicating the company may have faced challenges in meeting its short-term obligations with existing current assets. However, the ratio improved above 1 in the later quarters of 2020, 2021, 2023, and early 2024, showing a better ability to cover current liabilities with current assets. The ratio dropped again in the subsequent periods, highlighting potential liquidity concerns or changes in the composition of current assets and liabilities. Overall, the company's current ratio has demonstrated some variability, suggesting the need for close monitoring of its liquidity position.