JetBlue Airways Corp (JBLU)
Cash 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 and cash equivalents | US$ in thousands | 1,921,000 | 2,594,000 | 1,312,000 | 1,237,000 | 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 |
| Short-term investments | US$ in thousands | 1,689,000 | 1,414,000 | 184,000 | 326,000 | 401,000 | 409,000 | 205,000 | 204,000 | 350,000 | 692,000 | 873,000 | 950,000 | 824,000 | 1,100,000 | 1,317,000 | 867,000 | 1,135,000 | 566,000 | 340,000 | 181,000 |
| Total current liabilities | US$ in thousands | 3,881,000 | 3,755,000 | 3,894,000 | 4,022,000 | 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 |
| Cash ratio | 0.93 | 1.07 | 0.38 | 0.39 | 0.43 | 0.37 | 0.43 | 0.38 | 0.37 | 0.54 | 0.61 | 0.69 | 0.83 | 0.92 | 0.94 | 1.03 | 1.14 | 1.08 | 0.73 | 0.50 |
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 measures its ability to cover short-term liabilities with its cash and cash equivalents. It is calculated by dividing the total cash and cash equivalents by the total current liabilities.
Based on the provided data, JetBlue's cash ratio has fluctuated over the years. It was relatively low in the earlier periods, slowly increasing to reach a peak in September 2020 at 1.08. This indicates that JetBlue had more than enough cash on hand to cover its short-term obligations at that time.
However, the cash ratio began to decline after September 2020 and dropped below 1 in March 2021, suggesting that JetBlue's cash and cash equivalents were not sufficient to cover its current liabilities entirely. The ratio remained below 1 for the following quarters, indicating a potential liquidity challenge for the company during this period.
JetBlue experienced fluctuations in its cash ratio throughout the subsequent quarters but generally maintained a ratio below 1, which may indicate ongoing liquidity concerns or a need for better cash management.
In the most recent period ending December 31, 2024, the cash ratio spiked to 0.93, suggesting an improvement in JetBlue's ability to cover its short-term obligations with available cash and cash equivalents.
Overall, JetBlue's cash ratio trend indicates variability in its liquidity position over time, highlighting the importance of managing cash effectively to meet short-term financial obligations.
Peer comparison
Dec 31, 2024