SkyWest Inc (SKYW)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	760,346	810,389	779,931	781,394
Total current liabilities	US$ in thousands	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	924,676	961,539	927,328	945,327
Current ratio		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	0.82	0.84	0.84	0.83

December 31, 2023 calculation

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

Skywest Inc.'s current ratio has fluctuated over the past eight quarters, ranging from 0.90 to 1.17. The current ratio is a measure of a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio indicates a stronger liquidity position.

In the most recent quarter of Q4 2023, the current ratio was 0.90, which is the lowest among the quarters analyzed. This suggests that Skywest Inc. may have had difficulty meeting its short-term obligations with its current assets in that period.

Conversely, in Q4 2022, the company had a current ratio of 1.17, indicating a healthier liquidity position, potentially due to higher current assets relative to current liabilities.

Overall, the trend in the current ratio for Skywest Inc. shows some variability, and it would be important to further analyze the components of current assets and current liabilities to understand the drivers behind these fluctuations and assess the company's short-term liquidity position more comprehensively.