Alaska Air Group Inc (ALK)
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 | 1,201,000 | 1,015,000 | 1,115,000 | 885,000 | 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 |
| Short-term investments | US$ in thousands | 1,274,000 | 1,490,000 | 1,394,000 | 1,393,000 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.40 | 0.40 | 0.51 | 0.47 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,201,000K
+ $1,274,000K
+ $—K)
÷ $6,145,000K
= 0.40
The quick ratio of Alaska Air Group Inc has fluctuated over the years, ranging from 0.40 to 0.89. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its liquid assets. The trend shows some volatility, with peaks and troughs observed throughout the timeframe provided. Overall, the quick ratio has shown some variability, indicating fluctuations in the company's ability to cover its short-term liabilities with its most liquid assets. It is important for investors and stakeholders to monitor this ratio closely to assess the company's liquidity position.
Peer comparison
Dec 31, 2024