JetBlue Airways Corp (JBLU)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,100,000 | 2,160,000 | 1,916,000 | 3,247,000 | 3,345,000 |
| Total current liabilities | US$ in thousands | 3,881,000 | 3,628,000 | 3,748,000 | 3,417,000 | 2,674,000 |
| Current ratio | 1.06 | 0.60 | 0.51 | 0.95 | 1.25 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,100,000K ÷ $3,881,000K
= 1.06
Based on the given data, JetBlue Airways Corp's current ratio has fluctuated over the past five years, recording values of 1.25, 0.95, 0.51, 0.60, and 1.06 for the years ending December 31, 2020, 2021, 2022, 2023, and 2024, respectively.
A current ratio below 1 indicates that the company may have difficulties meeting its short-term obligations with its current assets alone, suggesting a potential liquidity issue. In JetBlue's case, the ratios of 0.95 in 2021 and 0.51 in 2022 raise concerns about its short-term liquidity position.
However, the current ratio improved to 0.60 in 2023 and significantly increased to 1.06 in 2024, which indicates a better ability to cover its short-term liabilities with current assets. This improvement could suggest enhanced liquidity and financial stability for JetBlue Airways Corp in recent years. It's important to closely monitor future trends in the current ratio to assess the company's ongoing liquidity position.
Peer comparison
Dec 31, 2024