Alaska Air Group Inc (ALK)
Quick 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 | 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 |
| Receivables | US$ in thousands | 383,000 | 341,000 | 351,000 | 340,000 | 296,000 | 345,000 | 401,000 | 658,000 | 546,000 | 536,000 | 567,000 | 517,000 | 480,000 | 321,000 | 280,000 | 279,000 | 323,000 | 377,000 | 389,000 | 358,000 |
| 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 |
| Quick ratio | 0.49 | 0.55 | 0.54 | 0.57 | 0.60 | 0.74 | 0.78 | 0.78 | 0.92 | 0.93 | 0.93 | 0.85 | 0.89 | 0.97 | 0.75 | 0.64 | 0.58 | 0.60 | 0.57 | 0.53 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($281,000K
+ $1,510,000K
+ $383,000K)
÷ $4,459,000K
= 0.49
The quick ratio of Alaska Air Group Inc. has fluctuated over the past eight quarters, ranging from 0.58 to 0.85. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory. A higher quick ratio indicates a stronger liquidity position.
In the most recent quarter, Q4 2023, the quick ratio decreased to 0.58 from the previous quarter's value of 0.62 in Q3 2023. This decline may signal potential liquidity concerns or difficulty meeting short-term obligations using only highly liquid assets.
Comparing the current ratio to the same quarter in the prior year, there has been a noticeable downtrend from 0.65 in Q4 2022 to 0.58 in Q4 2023. This decrease suggests a deterioration in the company's liquidity position over the past year.
It is important for investors and analysts to track the quick ratio over time to assess Alaska Air Group Inc.'s liquidity position and its ability to withstand short-term financial challenges.
Peer comparison
Dec 31, 2023