JetBlue Airways Corp (JBLU)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,160,000 | 1,970,000 | 2,230,000 | 2,098,000 | 1,916,000 | 2,611,000 | 2,994,000 | 3,272,000 | 3,245,000 | 3,690,000 | 4,196,000 | 3,608,000 | 3,345,000 | 3,455,000 | 3,777,000 | 2,194,000 | 1,786,000 | 1,460,000 | 1,469,000 | 1,521,000 |
| 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 |
| Current ratio | 0.60 | 0.53 | 0.57 | 0.52 | 0.51 | 0.67 | 0.74 | 0.81 | 0.95 | 1.03 | 1.06 | 1.15 | 1.25 | 1.23 | 0.95 | 0.61 | 0.67 | 0.53 | 0.51 | 0.53 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,160,000K ÷ $3,628,000K
= 0.60
The current ratio of Jetblue Airways Corp, calculated as current assets divided by current liabilities, has shown fluctuations over the past eight quarters. In Q4 2023, the current ratio was 0.60, indicating that the company had $0.60 in current assets for every $1 of current liabilities. This marked a decrease from the previous quarter Q3 2023, where the ratio was 0.53.
Comparing the current ratio to earlier periods, Q4 2023 exhibited a lower ratio than the same quarter in the previous year (Q4 2022), which stood at 0.51. However, the current ratio has been volatile over the past two years, with Q2 2022 showing a relatively higher ratio of 0.74 and Q1 2022 posting an even higher ratio of 0.81.
The downward trend in the current ratio over recent quarters raises concerns about the company's short-term liquidity and ability to cover its current obligations. Jetblue Airways Corp should carefully monitor its current assets and liabilities to ensure sufficient liquidity in meeting its short-term financial commitments.
Peer comparison
Dec 31, 2023