Sun Country Airlines Holdings Inc (SNCY)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | 35,296 | 38,166 | 35,124 | 30,156 |
| Total current liabilities | US$ in thousands | 422,290 | 418,582 | 377,128 | 281,651 |
| Quick ratio | 0.53 | 0.54 | 0.81 | 1.23 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($83,219K
+ $104,053K
+ $35,296K)
÷ $422,290K
= 0.53
The quick ratio of Sun Country Airlines Holdings Inc has shown a declining trend over the past four years, decreasing from 1.23 in December 2021 to 0.53 in December 2024. This indicates that the company's ability to meet its short-term obligations with its most liquid assets has weakened over the period. A quick ratio below 1 suggests potential liquidity concerns as the company may not have sufficient liquid assets to cover its current liabilities. It is important for the company to closely monitor this ratio and take necessary actions to improve its liquidity position, such as managing its cash flow effectively, reducing short-term debt, or increasing its liquid asset holdings.
Peer comparison
Dec 31, 2024