SkyWest Inc (SKYW)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 227,362 | 148,277 | 102,984 | 258,421 | 215,723 |
| Short-term investments | US$ in thousands | 574,266 | 686,946 | 944,231 | 601,989 | 610,185 |
| Total current liabilities | US$ in thousands | 1,429,590 | 1,254,290 | 1,172,540 | 1,194,620 | 941,722 |
| Cash ratio | 0.56 | 0.67 | 0.89 | 0.72 | 0.88 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($227,362K
+ $574,266K)
÷ $1,429,590K
= 0.56
The cash ratio of SkyWest Inc has shown some volatility over the past five years. It decreased from 0.88 in December 2020 to 0.72 in December 2021, but then improved to 0.89 in December 2022. However, in the subsequent years, the ratio declined to 0.67 in December 2023 and further to 0.56 in December 2024. This trend suggests that the company may have experienced fluctuations in its ability to cover its short-term liabilities solely with its cash and cash equivalents. Further analysis of the company's liquidity position and cash management practices may be warranted to understand the factors driving these changes in the cash ratio.
Peer comparison
Dec 31, 2024