JetBlue Airways Corp (JBLU)
Cash ratio
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,166,000 | 973,000 | 1,462,000 | 1,333,000 | 1,042,000 | 1,401,000 | 1,611,000 | 1,834,000 | 2,018,000 | 2,193,000 | 2,409,000 | 2,358,000 | 1,918,000 | 2,453,000 | 2,561,000 | 1,618,000 | 959,000 | 695,000 | 461,000 | 464,000 |
| Short-term investments | US$ in thousands | 401,000 | 409,000 | 205,000 | 204,000 | 350,000 | 703,000 | 890,000 | 950,000 | 824,000 | 1,100,000 | 1,317,000 | 867,000 | 1,182,000 | 566,000 | 340,000 | 181,000 | 369,000 | 299,000 | 448,000 | 412,000 |
| Total current liabilities | US$ in thousands | 3,628,000 | 3,723,000 | 3,890,000 | 4,010,000 | 3,748,000 | 3,903,000 | 4,065,000 | 4,026,000 | 3,417,000 | 3,566,000 | 3,973,000 | 3,131,000 | 2,674,000 | 2,808,000 | 3,985,000 | 3,622,000 | 2,663,000 | 2,759,000 | 2,889,000 | 2,851,000 |
| Cash ratio | 0.43 | 0.37 | 0.43 | 0.38 | 0.37 | 0.54 | 0.62 | 0.69 | 0.83 | 0.92 | 0.94 | 1.03 | 1.16 | 1.08 | 0.73 | 0.50 | 0.50 | 0.36 | 0.31 | 0.31 |
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 of Jetblue Airways Corp has fluctuated over the past eight quarters, ranging from a low of 0.40 in Q4 2022 to a high of 0.73 in Q1 2022. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover these obligations.
In general, Jetblue Airways Corp's cash ratio has shown a downward trend since Q1 2022, with fluctuations in the interim quarters. The company's current cash ratio of 0.47 in Q4 2023 indicates that it has $0.47 of cash and cash equivalents for every $1 of short-term liabilities. While the ratio has decreased compared to the previous quarter, it is still within a reasonable range.
It is important for investors and stakeholders to monitor Jetblue Airways Corp's cash ratio over time to assess its liquidity position and ability to meet its short-term obligations. A sustained downward trend in the cash ratio may indicate potential liquidity challenges for the company.
Peer comparison
Dec 31, 2023