Southwest Airlines Company (LUV)

Cash ratio

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Cash and cash equivalents US$ in thousands — 7,509,000 9,288,000 9,492,000 12,480,000
Short-term investments US$ in thousands 0 1,216,000 2,186,000 2,800,000 3,024,000
Total current liabilities US$ in thousands 10,921,000 12,276,000 12,256,000 10,378,000 9,164,000
Cash ratio 0.00 0.71 0.94 1.18 1.69

December 31, 2025 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($—K + $0K) ÷ $10,921,000K
= 0.00