JetBlue Airways Corp (JBLU)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,160,000 | 1,916,000 | 3,245,000 | 3,345,000 | 1,786,000 |
| Total current liabilities | US$ in thousands | 3,628,000 | 3,748,000 | 3,417,000 | 2,674,000 | 2,663,000 |
| Current ratio | 0.60 | 0.51 | 0.95 | 1.25 | 0.67 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,160,000K ÷ $3,628,000K
= 0.60
Jetblue Airways Corp's current ratio has exhibited fluctuations over the past five years. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A current ratio below 1 indicates that the company may have difficulties meeting its short-term liabilities.
At the end of 2023, Jetblue's current ratio stood at 0.60, indicating that its current assets were insufficient to cover its current liabilities. This may suggest potential liquidity challenges or difficulties in meeting short-term obligations.
Comparing this to prior years, we observe a downward trend in the current ratio. In 2022, the ratio was significantly lower at 0.51, reflecting a worsening liquidity position. However, in 2021 and 2020, the current ratio improved to 0.95 and 1.25, respectively, indicating a better ability to cover short-term obligations.
The current ratio declined again in 2019 to 0.67, signaling a decreased capacity to meet short-term liabilities. Overall, the trend in Jetblue's current ratio highlights the importance of monitoring liquidity levels and managing short-term financial commitments effectively.
Peer comparison
Dec 31, 2023