Southwest Airlines Company (LUV)
Cash ratio
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,231,000 | 2,902,000 | 3,475,000 | 8,134,000 | 7,509,000 | 8,503,000 | 8,142,000 | 8,367,000 | 9,288,000 | 9,497,000 | 9,158,000 | 8,359,000 | 9,492,000 | 10,443,000 | 13,234,000 | 13,098,000 | 12,480,000 | 12,980,000 | 14,124,000 | 11,971,000 |
| Short-term investments | US$ in thousands | 0 | 116,000 | 364,000 | 118,000 | 1,216,000 | 879,000 | 1,860,000 | 2,145,000 | 2,186,000 | 2,236,000 | 3,021,000 | 3,315,000 | 2,800,000 | 3,230,000 | 3,197,000 | 2,642,000 | 3,024,000 | 3,024,000 | 2,751,000 | 2,377,000 |
| Total current liabilities | US$ in thousands | 10,921,000 | 10,994,000 | 10,892,000 | 13,901,000 | 12,276,000 | 13,489,000 | 14,113,000 | 12,225,000 | 12,256,000 | 12,112,000 | 11,728,000 | 11,329,000 | 10,378,000 | 10,416,000 | 11,711,000 | 10,069,000 | 9,164,000 | 9,135,000 | 12,476,000 | 8,182,000 |
| Cash ratio | 0.30 | 0.27 | 0.35 | 0.59 | 0.71 | 0.70 | 0.71 | 0.86 | 0.94 | 0.97 | 1.04 | 1.03 | 1.18 | 1.31 | 1.40 | 1.56 | 1.69 | 1.75 | 1.35 | 1.75 |
December 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,231,000K
+ $0K)
÷ $10,921,000K
= 0.30
Peer comparison
Dec 31, 2025
Company name
Symbol
Cash ratio
Southwest Airlines Company
LUV
0.30
Alaska Air Group Inc
ALK
—
American Airlines Group
AAL
0.27
Delta Air Lines Inc
DAL
0.16
JetBlue Airways Corp
JBLU
0.63
SkyWest Inc
SKYW
0.49
United Airlines Holdings Inc
UAL
0.47