JetBlue Airways Corp (JBLU)

Cash ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	1,921,000	1,166,000	1,042,000	2,018,000	1,918,000
Short-term investments	US$ in thousands	1,689,000	401,000	350,000	824,000	1,135,000
Total current liabilities	US$ in thousands	3,881,000	3,628,000	3,748,000	3,417,000	2,674,000
Cash ratio		0.93	0.43	0.37	0.83	1.14

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,921,000K + $1,689,000K) ÷ $3,881,000K
= 0.93

The cash ratio of JetBlue Airways Corp has shown some fluctuations over the years. It stood at 1.14 as of December 31, 2020, indicating that the company had $1.14 in cash for every $1 of current liabilities. However, there was a decrease in the cash ratio to 0.83 by December 31, 2021, suggesting a slight reduction in the company's ability to cover its short-term liabilities with its available cash.

Subsequently, the cash ratio further decreased to 0.37 by December 31, 2022, indicating a significant decline in the company's liquidity position. This might suggest potential challenges in meeting its short-term obligations solely through cash on hand.

However, there was a slight improvement in the cash ratio to 0.43 by December 31, 2023, although it still remained relatively low compared to previous years. Finally, by December 31, 2024, the cash ratio increased to 0.93, showing a notable recovery in the company's liquidity position.

Overall, the trend in JetBlue Airways Corp's cash ratio reflects fluctuations in its ability to cover short-term liabilities with available cash, with some periods of stronger liquidity position and others indicating potential challenges in meeting immediate obligations. Investors and stakeholders may closely monitor these changes to assess the company's financial health and liquidity management strategies.