Delta Air Lines Inc (DAL)

Quick ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Cash	US$ in thousands	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	2,882,000	1,899,000	2,009,000
Short-term investments	US$ in thousands	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	0	—	—
Receivables	US$ in thousands	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	2,854,000	2,836,000	2,844,000
Total current liabilities	US$ in thousands	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	20,204,000	20,211,000	21,164,000
Quick ratio		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	0.28	0.23	0.23

March 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,877,000K + $589,000K + $3,748,000K) ÷ $28,478,000K
= 0.29

The quick ratio of Delta Air Lines Inc has shown fluctuations over the given periods. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1.0 indicates that the company may have difficulty meeting its short-term obligations.

From Mar 31, 2019 to Dec 31, 2020, the quick ratio ranged between 0.28 and 0.97, indicating some variability in the company's ability to cover its short-term liabilities with its liquid assets.

However, from Mar 31, 2021 to Mar 31, 2024, the quick ratio has generally decreased from 0.77 to 0.29, showing a declining trend in the company's liquidity position. This could be a cause for concern as it may indicate potential difficulties in meeting its short-term obligations with its current liquid assets.

It is important for Delta Air Lines Inc to closely monitor its liquidity position and take necessary steps to improve its quick ratio to ensure it can effectively manage its short-term financial obligations.