United Airlines Holdings Inc (UAL)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 6,058,000 | 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 | 2,762,000 | 2,959,000 | 3,221,000 | 1,848,000 |
| Short-term investments | US$ in thousands | 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 | 2,182,000 | 2,167,000 | 2,223,000 | 2,219,000 |
| Total current liabilities | US$ in thousands | 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 | 14,938,000 | 15,691,000 | 16,078,000 | 15,335,000 |
| Cash ratio | 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 | 0.33 | 0.33 | 0.34 | 0.27 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($6,058,000K
+ $8,330,000K)
÷ $22,203,000K
= 0.65
The cash ratio of United Airlines Holdings Inc has shown a decreasing trend over the past four quarters, declining from 0.86 in Q4 2022 to 0.68 in Q4 2023. This indicates that the company's ability to cover its short-term obligations with its cash and cash equivalents has weakened.
Although the cash ratio is above 1, which indicates that the company has sufficient liquid assets to cover its current liabilities, the decreasing trend suggests a potential strain on its liquidity position. This may warrant further analysis into the company's cash management practices and financial strategies to ensure adequate liquidity in the future.
It is important for investors and stakeholders to closely monitor the cash ratio along with other liquidity metrics to assess United Airlines Holdings Inc's financial health and ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023