Delta Air Lines Inc (DAL)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,877,000 | 2,741,000 | 2,835,000 | 2,668,000 | 3,215,000 | 3,266,000 | 7,023,000 | 9,221,000 | 7,705,000 | 7,933,000 | 8,785,000 | 10,357,000 | 8,460,000 | 8,307,000 | 16,477,000 | 11,366,000 | 5,967,000 | 2,882,000 | 1,899,000 | 2,009,000 |
| Short-term investments | US$ in thousands | 589,000 | 1,127,000 | 2,170,000 | 3,400,000 | 3,396,000 | 3,268,000 | 1,345,000 | 1,549,000 | 2,250,000 | 3,386,000 | 4,417,000 | 4,873,000 | 5,575,000 | 5,789,000 | 5,048,000 | 4,302,000 | 1,367,000 | 0 | — | — |
| Total current liabilities | US$ in thousands | 28,478,000 | 26,418,000 | 27,556,000 | 28,482,000 | 28,417,000 | 25,940,000 | 25,870,000 | 26,324,000 | 24,060,000 | 20,966,000 | 20,924,000 | 23,573,000 | 20,688,000 | 15,927,000 | 19,725,000 | 20,150,000 | 19,392,000 | 20,204,000 | 20,211,000 | 21,164,000 |
| Cash ratio | 0.16 | 0.15 | 0.18 | 0.21 | 0.23 | 0.25 | 0.32 | 0.41 | 0.41 | 0.54 | 0.63 | 0.65 | 0.68 | 0.89 | 1.09 | 0.78 | 0.38 | 0.14 | 0.09 | 0.09 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,877,000K
+ $589,000K)
÷ $28,478,000K
= 0.16
The cash ratio of Delta Air Lines Inc has fluctuated over the past few years, ranging from 0.09 to 1.09. The cash ratio measures the company's ability to cover its short-term obligations with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term liabilities using available cash resources.
Observing the trend in Delta Air Lines Inc's cash ratio, we can see a general decline in the ratio from 2019 to 2020, reaching a low point of 0.09 in the third quarter of 2019. However, there was a significant improvement in the ratio in subsequent quarters, with the cash ratio rising steadily and peaking at 1.09 in the third quarter of 2020.
Following the peak in the third quarter of 2020, the cash ratio decreased but remained relatively stable at levels above 0.5 until the second quarter of 2022. A more significant decline in the ratio was observed from the second quarter of 2022 to the first quarter of 2024, where the cash ratio decreased from 0.41 to 0.16.
Overall, while the cash ratio of Delta Air Lines Inc has shown fluctuations, it is recommended to monitor the trend to ensure the company maintains a sufficient level of cash to cover its short-term obligations.
Peer comparison
Mar 31, 2024