Delta Air Lines Inc (DAL)
Quick 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 | 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 |
| Receivables | US$ in thousands | 3,224,000 | 3,550,000 | 3,812,000 | 3,748,000 | 3,130,000 | 3,214,000 | 3,122,000 | 3,224,000 | 3,176,000 | 3,097,000 | 3,093,000 | 3,039,000 | 2,404,000 | 2,183,000 | 2,258,000 | 1,837,000 | 1,396,000 | 1,503,000 | 1,375,000 | 2,280,000 |
| 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 |
| Quick ratio | 0.24 | 0.27 | 0.28 | 0.29 | 0.26 | 0.30 | 0.32 | 0.35 | 0.37 | 0.44 | 0.53 | 0.54 | 0.65 | 0.74 | 0.74 | 0.77 | 0.97 | 1.17 | 0.85 | 0.50 |
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 of Delta Air Lines Inc has shown some fluctuation over the past few years, starting at 0.50 on March 31, 2020, reaching a peak of 1.17 on September 30, 2020, and then trending downwards. As of December 31, 2024, the quick ratio stands at 0.24.
The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities. Delta's decreasing quick ratio trend could be a cause for concern as it may suggest potential liquidity challenges in the near term.
It is important for investors and stakeholders to closely monitor Delta's quick ratio and assess the company's ability to manage its short-term financial obligations effectively. Further analysis of the company's liquidity position and operational efficiency may be necessary to understand the factors contributing to the fluctuations in the quick ratio.
Peer comparison
Dec 31, 2024