United Airlines Holdings Inc (UAL)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 8,769,000 | 8,812,000 | 10,894,000 | 8,441,000 | 6,089,000 | 7,478,000 | 9,605,000 | 7,634,000 | 7,166,000 | 11,258,000 | 16,885,000 | 18,468,000 | 18,283,000 | 19,256,000 | 20,838,000 | 12,666,000 | 11,269,000 | 13,150,000 | 6,505,000 | 3,442,000 |
| Short-term investments | US$ in thousands | 5,706,000 | 5,352,000 | 4,384,000 | 5,591,000 | 8,330,000 | 9,608,000 | 9,533,000 | 9,522,000 | 9,248,000 | 7,437,000 | 3,190,000 | 211,000 | 123,000 | 166,000 | 230,000 | 309,000 | 414,000 | 552,000 | 958,000 | 1,779,000 |
| Total current liabilities | US$ in thousands | 23,314,000 | 23,365,000 | 25,855,000 | 24,764,000 | 22,203,000 | 24,756,000 | 25,575,000 | 23,635,000 | 19,992,000 | 21,989,000 | 23,444,000 | 21,788,000 | 18,304,000 | 16,935,000 | 18,064,000 | 14,167,000 | 12,725,000 | 15,791,000 | 16,395,000 | 16,087,000 |
| Cash ratio | 0.62 | 0.61 | 0.59 | 0.57 | 0.65 | 0.69 | 0.75 | 0.73 | 0.82 | 0.85 | 0.86 | 0.86 | 1.01 | 1.15 | 1.17 | 0.92 | 0.92 | 0.87 | 0.46 | 0.32 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($8,769,000K
+ $5,706,000K)
÷ $23,314,000K
= 0.62
The cash ratio of United Airlines Holdings Inc has shown fluctuations over the past few years, ranging from a low of 0.32 in March 2020 to a high of 1.17 in June 2021. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a greater ability to cover short-term obligations.
United Airlines' cash ratio has generally improved since March 2020, reaching a peak in June 2021. However, there has been a slight decline in the cash ratio since then, with a decrease to 0.82 by December 2022. This downward trend continued into 2024, with the cash ratio being recorded at 0.62 by December 31, 2024.
The decreasing trend in the cash ratio from 2021 to 2024 may indicate a potential tightening of liquidity or a decrease in the amount of cash available to cover short-term obligations. It is important for investors and creditors to monitor the cash ratio closely to assess United Airlines' liquidity position and ability to meet its short-term financial commitments.
Peer comparison
Dec 31, 2024