Delta Air Lines Inc (DAL)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 2,741,000 | 3,266,000 | 7,933,000 | 8,307,000 | 2,882,000 |
| Short-term investments | US$ in thousands | 1,127,000 | 3,268,000 | 3,386,000 | 5,789,000 | 0 |
| Receivables | US$ in thousands | 3,130,000 | 3,176,000 | 2,404,000 | 1,396,000 | 2,854,000 |
| Total current liabilities | US$ in thousands | 26,418,000 | 25,940,000 | 20,966,000 | 15,927,000 | 20,204,000 |
| Quick ratio | 0.26 | 0.37 | 0.65 | 0.97 | 0.28 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,741,000K
+ $1,127,000K
+ $3,130,000K)
÷ $26,418,000K
= 0.26
The quick ratio of Delta Air Lines, Inc. has fluctuated over the past five years. In 2023, the quick ratio decreased to 0.34 from the previous year's 0.45, indicating a decline in the company's ability to meet its short-term obligations with its most liquid assets. This may raise concerns about the company's liquidity position in the near term.
Comparing to 2021 and 2020, where the quick ratio was 0.71 and 1.05 respectively, the decrease in 2023 suggests a significant shift in the company's liquidity profile. The quick ratio of 0.34 in 2019 was also relatively low, indicating a similar liquidity challenge.
Overall, the trend in Delta Air Lines, Inc.'s quick ratio reveals some variability in its ability to cover its short-term liabilities with its quick assets, highlighting the importance of monitoring the company's liquidity position closely.
Peer comparison
Dec 31, 2023