Delta Air Lines Inc (DAL)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | 3,224,000 | 3,130,000 | 3,176,000 | 2,404,000 | 1,396,000 |
| Total current liabilities | US$ in thousands | 26,670,000 | 26,418,000 | 25,940,000 | 20,966,000 | 15,927,000 |
| Quick ratio | 0.24 | 0.26 | 0.37 | 0.65 | 0.97 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,069,000K
+ $0K
+ $3,224,000K)
÷ $26,670,000K
= 0.24
The Quick Ratio is an important liquidity ratio that assesses a company's ability to meet short-term obligations with its most liquid assets. A ratio below 1 indicates that the company may have difficulty meeting its current liabilities with its current assets.
Delta Air Lines Inc's Quick Ratio has decreased over the years, from 0.97 as of December 31, 2020, to 0.24 as of December 31, 2024. This downward trend suggests a potential decline in the company's ability to cover its short-term obligations with its quick assets, which may raise concerns about its liquidity position.
A Quick Ratio of 0.24 as of December 31, 2024, indicates that Delta Air Lines Inc may face challenges in meeting its current liabilities using its most liquid assets alone. It would be advisable for the company to closely monitor and manage its liquidity position to ensure financial stability and meet its obligations in a timely manner.
Peer comparison
Dec 31, 2024