Delta Air Lines Inc (DAL)

Cash 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 and cash equivalents	US$ in thousands	3,069,000	3,969,000	4,110,000	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
Short-term investments	US$ in thousands	0	8,000	124,000	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
Total current liabilities	US$ in thousands	26,670,000	28,118,000	28,759,000	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
Cash ratio		0.12	0.14	0.15	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

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 of Delta Air Lines Inc has shown a declining trend over the years, starting at 0.38 on March 31, 2020, and decreasing to 0.12 by December 31, 2024. This indicates that the company's ability to cover its short-term liabilities with its cash and cash equivalents has weakened over time. It is important for Delta Air Lines Inc to manage its liquidity efficiently to ensure it can meet its financial obligations in a timely manner.