SkyWest Inc (SKYW)

Current 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
Total current assets	US$ in thousands	1,117,070	1,134,220	1,115,160	1,069,360	1,131,900	1,162,000	1,183,130	1,251,970	1,371,280	1,262,190	1,216,880	1,071,970	1,068,590	1,096,670	1,130,830	998,781	982,802	977,278	945,849	768,968
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
Current ratio		0.78	0.86	0.84	0.81	0.90	0.96	1.01	1.09	1.17	1.09	1.02	0.94	0.89	0.96	1.02	1.05	1.04	1.14	0.96	0.75

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,117,070K ÷ $1,429,590K
= 0.78

The current ratio of SkyWest Inc, which measures its short-term liquidity, has fluctuated over the provided period. The company's current ratio ranged from a low of 0.75 as of March 31, 2020, indicating potential liquidity concerns, to a high of 1.17 as of December 31, 2022, suggesting improved liquidity.

Overall, SkyWest Inc's current ratio trended upwards from 2020 to 2022, indicating a strengthening liquidity position during that period. However, the ratio began to decline thereafter, reaching 0.78 as of December 31, 2024.

It is important to note that a current ratio below 1 may raise concerns about the company's ability to meet its short-term obligations using its current assets. SkyWest Inc should continue to monitor and manage its liquidity position to ensure it can meet its short-term financial commitments.