Sun Country Airlines Holdings Inc (SNCY)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 83,219 | 46,279 | 92,086 | 309,338 |
| Short-term investments | US$ in thousands | 104,053 | 141,127 | 178,936 | 6,283 |
| Total current liabilities | US$ in thousands | 422,290 | 418,582 | 377,128 | 281,651 |
| Cash ratio | 0.44 | 0.45 | 0.72 | 1.12 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($83,219K
+ $104,053K)
÷ $422,290K
= 0.44
The cash ratio of Sun Country Airlines Holdings Inc has shown a decreasing trend over the years, declining from 1.12 in December 31, 2021 to 0.44 in December 31, 2024. A cash ratio above 1 indicates that the company has sufficient cash and cash equivalents to cover its current liabilities. However, the decreasing trend in the cash ratio suggests a potential liquidity challenge, as the company may have less liquid assets available to cover its short-term obligations in recent years. It is important for the company to closely monitor its liquidity position and consider strategies to improve its cash reserves to ensure financial stability and meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024