Southwest Airlines Company (LUV)

Quick 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 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
Receivables US$ in thousands 1,149,000 1,118,000 1,013,000 1,078,000 1,110,000 1,177,000 1,346,000 1,354,000 1,154,000 1,467,000 1,233,000 1,250,000 1,040,000 1,316,000 1,389,000 1,692,000 1,357,000 1,479,000 1,328,000 937,000
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
Quick ratio 0.40 0.38 0.45 0.67 0.80 0.78 0.80 0.97 1.03 1.09 1.14 1.14 1.28 1.44 1.52 1.73 1.84 1.91 1.46 1.87

December 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,231,000K + $0K + $1,149,000K) ÷ $10,921,000K
= 0.40