JetBlue Airways Corp (JBLU)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,921,000 | 2,594,000 | 1,312,000 | 1,237,000 | 1,166,000 | 973,000 | 1,462,000 | 1,333,000 | 1,042,000 | 1,401,000 | 1,611,000 | 1,834,000 | 2,018,000 | 2,193,000 | 2,409,000 | 2,358,000 | 1,918,000 | 2,453,000 | 2,561,000 | 1,618,000 |
| Short-term investments | US$ in thousands | 1,689,000 | 1,414,000 | 184,000 | 326,000 | 401,000 | 409,000 | 205,000 | 204,000 | 350,000 | 692,000 | 873,000 | 950,000 | 824,000 | 1,100,000 | 1,317,000 | 867,000 | 1,135,000 | 566,000 | 340,000 | 181,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.93 | 1.07 | 0.38 | 0.39 | 0.43 | 0.37 | 0.43 | 0.38 | 0.37 | 0.54 | 0.61 | 0.69 | 0.83 | 0.92 | 0.94 | 1.03 | 1.14 | 1.08 | 0.73 | 0.50 |
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
The quick ratio of JetBlue Airways Corp has shown fluctuations over the reporting periods, ranging from as low as 0.37 to as high as 1.14. A quick ratio below 1 typically indicates that the company may have difficulty meeting its short-term obligations using only its most liquid assets. Throughout the periods analyzed, the quick ratio remained mostly below 1, suggesting a potential liquidity challenge for the company in meeting its short-term financial obligations without relying on external sources of funding. However, there were instances where the quick ratio improved, reaching above 1, indicating a better ability to cover its current liabilities with its quick assets. Overall, the trend in the quick ratio for JetBlue Airways Corp indicates a need for vigilant management of liquidity to ensure the company remains financially stable in the face of potential cash flow fluctuations.
Peer comparison
Dec 31, 2024