JetBlue Airways Corp (JBLU)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,166,000 | 1,042,000 | 2,018,000 | 1,918,000 | 959,000 |
| Short-term investments | US$ in thousands | 401,000 | 350,000 | 824,000 | 1,182,000 | 369,000 |
| Total current liabilities | US$ in thousands | 3,628,000 | 3,748,000 | 3,417,000 | 2,674,000 | 2,663,000 |
| Cash ratio | 0.43 | 0.37 | 0.83 | 1.16 | 0.50 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,166,000K
+ $401,000K)
÷ $3,628,000K
= 0.43
The cash ratio for Jetblue Airways Corp has fluctuated over the past five years. The ratio was 0.47 as of December 31, 2023, showing a moderate level of liquidity compared to the company's current liabilities. This indicates that for every dollar of current liabilities, Jetblue has $0.47 in cash or cash equivalents to cover those obligations.
Looking at the trend over the years, the cash ratio has decreased from 0.55 in 2019 to 0.47 in 2023. This downward trend suggests that Jetblue may be holding less cash relative to its current liabilities, which could potentially impact its ability to meet short-term obligations or take advantage of unexpected opportunities without resorting to borrowing.
However, it's essential to consider industry norms and compare Jetblue's cash ratio with its competitors to gain a better understanding of its liquidity position and financial health. Additionally, further analysis of the company's cash management policies and cash flow generation capabilities would provide deeper insights into its ability to withstand financial shocks and fund its operations efficiently.
Peer comparison
Dec 31, 2023