JetBlue Airways Corp (JBLU)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,166,000 | 1,042,000 | 2,018,000 | 1,918,000 | 959,000 |
| Short-term investments | US$ in thousands | 401,000 | 350,000 | 824,000 | 1,182,000 | 369,000 |
| Receivables | US$ in thousands | 336,000 | 317,000 | 207,000 | 98,000 | 231,000 |
| Total current liabilities | US$ in thousands | 3,628,000 | 3,748,000 | 3,417,000 | 2,674,000 | 2,663,000 |
| Quick ratio | 0.52 | 0.46 | 0.89 | 1.20 | 0.59 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,166,000K
+ $401,000K
+ $336,000K)
÷ $3,628,000K
= 0.52
The quick ratio of Jetblue Airways Corp has fluctuated over the past five years, indicating varying levels of liquidity. The ratio stood at 0.57 as of December 31, 2023, which suggests that the company may face challenges in meeting its short-term obligations using its most liquid assets. This is a decrease from the previous year when the quick ratio was 0.49, indicating a potential deterioration in short-term liquidity.
Comparing to the ratios from 2021 and 2020, where the quick ratio was 0.93 and 1.22 respectively, the current ratio indicates a significant decline in liquidity over the past two years. In 2021 and 2020, the company had higher levels of liquid assets relative to its current liabilities, suggesting stronger liquidity positions during those periods.
The quick ratio of 0.64 in 2019 was lower than the most recent ratio but higher than 2022 and 2023, indicating relatively weaker liquidity at that time.
Overall, the trend in Jetblue Airways Corp's quick ratio reflects fluctuations in the company's ability to cover its short-term obligations with its most liquid assets. Investors and analysts may need to closely monitor future financial reports to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2023