Delta Air Lines Inc (DAL)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,069,000 | 2,741,000 | 3,266,000 | 7,933,000 | 8,307,000 |
| Short-term investments | US$ in thousands | 0 | 1,127,000 | 3,268,000 | 3,386,000 | 5,789,000 |
| Total current liabilities | US$ in thousands | 26,670,000 | 26,418,000 | 25,940,000 | 20,966,000 | 15,927,000 |
| Cash ratio | 0.12 | 0.15 | 0.25 | 0.54 | 0.89 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,069,000K
+ $0K)
÷ $26,670,000K
= 0.12
The cash ratio for Delta Air Lines Inc has experienced a steady decline over the period from December 31, 2020, to December 31, 2024. The ratio decreased from 0.89 in 2020 to 0.12 by the end of 2024. This trend indicates a reduction in the company's ability to cover its short-term liabilities solely with its available cash and cash equivalents. A decreasing cash ratio may suggest that Delta Air Lines Inc might be facing liquidity challenges or that its cash holdings are insufficient to meet its immediate financial obligations. It is essential for investors and stakeholders to closely monitor this ratio to assess the company's liquidity position and its ability to meet short-term obligations.
Peer comparison
Dec 31, 2024