SkyWest Inc (SKYW)

Cash 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 and cash equivalents	US$ in thousands	227,362	177,609	141,760	179,979	148,277	125,330	114,433	74,524	102,984	38,850	96,071	246,001	258,421	271,831	345,854	231,005	215,723	418,228	452,247	289,544
Short-term investments	US$ in thousands	574,266	658,433	692,500	641,200	686,946	694,171	747,916	861,335	944,231	965,347	878,608	610,450	601,989	640,673	609,821	605,438	610,185	403,793	309,823	288,351
Total current liabilities	US$ in thousands	1,429,590	1,314,170	1,323,930	1,312,300	1,254,290	1,205,670	1,165,990	1,152,100	1,172,540	1,159,900	1,198,410	1,142,290	1,194,620	1,137,760	1,109,360	950,438	941,722	859,904	986,187	1,019,840
Cash ratio		0.56	0.64	0.63	0.63	0.67	0.68	0.74	0.81	0.89	0.87	0.81	0.75	0.72	0.80	0.86	0.88	0.88	0.96	0.77	0.57

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 for SkyWest Inc has exhibited a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.57 on March 31, 2020, showing that the company had $0.57 in cash for every dollar of current liabilities. Subsequently, the ratio increased to 0.96 on September 30, 2020, indicating an improvement in the company's ability to cover its short-term obligations with cash on hand.

The ratio then decreased to 0.72 by December 31, 2021, but recovered to 0.89 by December 31, 2022. However, from that point, the ratio showed a declining trend reaching 0.56 by December 31, 2024. This suggests that over time, the company may have experienced challenges in maintaining sufficient cash reserves relative to its current liabilities.

Overall, the cash ratio analysis indicates varying levels of liquidity for SkyWest Inc throughout the period, with fluctuations that may require further investigation into the company's cash management practices and operating cash flows.