JetBlue Airways Corp (JBLU)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,258,000 | 4,555,000 | 2,084,000 | 2,164,000 | 2,160,000 | 973,000 | 1,462,000 | 2,098,000 | 1,916,000 | 2,611,000 | 2,994,000 | 3,272,000 | 3,247,000 | 3,690,000 | 2,409,000 | 3,608,000 | 3,345,000 | 3,455,000 | 3,777,000 | 2,194,000 |
| 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 |
| Current ratio | 1.10 | 1.21 | 0.54 | 0.54 | 0.60 | 0.26 | 0.38 | 0.52 | 0.51 | 0.67 | 0.74 | 0.81 | 0.95 | 1.03 | 0.61 | 1.15 | 1.25 | 1.23 | 0.95 | 0.61 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,258,000K ÷ $3,881,000K
= 1.10
The current ratio of JetBlue Airways Corp has shown fluctuating trends over the past few years. It increased steadily from March 2020 to December 2020, indicating improving short-term liquidity. However, there was a decline in the current ratio in the first half of 2021. The ratio recovered slightly in September 2021 but dropped again by December 2021.
In the following year, the current ratio continued to decrease significantly, reaching its lowest point by June 2023. This suggests potential challenges in meeting short-term obligations during this period. However, there was a slight improvement by December 2023, followed by fluctuations in the first half of 2024.
The current ratio spiked notably in September 2024, indicating a significant increase in short-term liquidity compared to the preceding quarters. This improvement suggests that JetBlue Airways Corp was better positioned to cover its current liabilities with its current assets during this period. Further monitoring of the current ratio trends will be necessary to assess the company's ongoing liquidity position.
Peer comparison
Dec 31, 2024