JetBlue Airways Corp (JBLU)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,921,000 | 1,166,000 | 1,042,000 | 2,018,000 | 1,918,000 |
| Short-term investments | US$ in thousands | 1,689,000 | 401,000 | 350,000 | 824,000 | 1,135,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,881,000 | 3,628,000 | 3,748,000 | 3,417,000 | 2,674,000 |
| Quick ratio | 0.93 | 0.43 | 0.37 | 0.83 | 1.14 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,921,000K
+ $1,689,000K
+ $—K)
÷ $3,881,000K
= 0.93
JetBlue Airways Corp's quick ratio has shown fluctuations over the past five years. The ratio decreased from 1.14 in December 2020 to 0.83 in December 2021, indicating a decline in the company's ability to meet short-term obligations with its most liquid assets. This downward trend continued in the following years, with the quick ratio dropping to 0.37 in December 2022, and then slightly improving to 0.43 in December 2023.
In December 2024, the quick ratio improved significantly to 0.93, signaling a better ability to cover short-term liabilities with liquid assets. Overall, JetBlue Airways Corp's quick ratio has displayed volatility, indicating varying levels of liquidity and efficiency in managing short-term financial obligations over the years. Further analysis of the company's financial performance and liquidity management practices is recommended to better understand the factors driving these fluctuations.
Peer comparison
Dec 31, 2024