SkyWest Inc (SKYW)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	US$ in thousands	148,277	102,984	258,421	215,723	87,206
Short-term investments	US$ in thousands	686,946	944,231	601,989	610,185	432,966
Receivables	US$ in thousands	82,900	100,500	65,300	34,500	83,000
Total current liabilities	US$ in thousands	1,254,290	1,172,540	1,194,620	941,722	924,676
Quick ratio		0.73	0.98	0.77	0.91	0.65

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($148,277K + $686,946K + $82,900K) ÷ $1,254,290K
= 0.73

The quick ratio of Skywest Inc. has shown variability over the past five years, ranging from 0.70 to 1.06. In 2023, the quick ratio stood at 0.80, indicating a decline from the previous year. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1.0 suggests that Skywest Inc. may have difficulty meeting its short-term liabilities with its current quick assets alone. It is important for the company to monitor and improve its quick ratio over time to ensure sufficient liquidity and financial stability.