Delta Air Lines Inc (DAL)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 9,844,000 | 10,269,000 | 13,011,000 | 15,940,000 | 17,404,000 |
| Total current liabilities | US$ in thousands | 26,670,000 | 26,418,000 | 25,940,000 | 20,966,000 | 15,927,000 |
| Current ratio | 0.37 | 0.39 | 0.50 | 0.76 | 1.09 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $9,844,000K ÷ $26,670,000K
= 0.37
The current ratio of Delta Air Lines Inc has exhibited a declining trend over the past five years. The ratio was 1.09 as of December 31, 2020, indicating that the company had $1.09 in current assets for every $1 in current liabilities. However, this ratio decreased to 0.76 by December 31, 2021, and continued to decline to 0.50 in 2022, 0.39 in 2023, and further to 0.37 by the end of 2024.
A current ratio below 1 suggests that Delta Air Lines Inc may have difficulty meeting its short-term obligations with its current assets alone. The declining trend in the current ratio indicates a potential strain on the company's liquidity position over the years. It is important for the company to closely monitor its liquidity management and work towards improving its current asset position relative to current liabilities to ensure stability in meeting short-term financial obligations.
Peer comparison
Dec 31, 2024