Sun Country Airlines Holdings Inc (SNCY)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Total current assets | US$ in thousands | 271,351 | 345,490 | 375,443 |
| Total current liabilities | US$ in thousands | 418,582 | 377,128 | 281,651 |
| Current ratio | 0.65 | 0.92 | 1.33 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $271,351K ÷ $418,582K
= 0.65
The current ratio of Sun Country Airlines Holdings Inc has been declining over the past three years. As of December 31, 2023, the current ratio stands at 0.65, compared to 0.92 in 2022 and 1.33 in 2021. This trend indicates that the company may be facing liquidity challenges as its current assets are decreasing relative to its current liabilities. A current ratio below 1 suggests that the company may have difficulty meeting its short-term obligations with its existing current assets. It is crucial for Sun Country Airlines Holdings Inc to closely monitor its liquidity position and take proactive measures to improve its current ratio to ensure financial stability and operational continuity.
Peer comparison
Dec 31, 2023