SkyWest Inc (SKYW)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	1,131,900	1,371,280	1,068,590	982,802	760,346
Total current liabilities	US$ in thousands	1,254,290	1,172,540	1,194,620	941,722	924,676
Current ratio		0.90	1.17	0.89	1.04	0.82

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,131,900K ÷ $1,254,290K
= 0.90

Based on the data provided, Skywest Inc.'s current ratio has fluctuated over the past five years. In 2019, the current ratio was at its lowest point at 0.82, indicating that the company may have had difficulty meeting its short-term obligations with its current assets.

Subsequently, the current ratio improved in 2020 to 1.04, suggesting that the company's liquidity position strengthened as it was better able to cover its current liabilities with its current assets.

However, in 2021, the current ratio decreased to 0.89, indicating a potential liquidity challenge where the company may have had difficulties meeting its short-term financial obligations. Although there was a slight improvement in 2022 with a current ratio of 1.17, the ratio dropped to 0.90 in 2023.

Overall, the downward trend in the current ratio from 2020 to 2023 suggests that Skywest Inc. may have experienced challenges in managing its short-term liquidity and meeting its current financial obligations efficiently.

Further analysis and consideration of other factors such as industry benchmarks and the company's overall financial health would be necessary to provide a more comprehensive assessment of Skywest Inc.'s liquidity position.