United Airlines Holdings Inc (UAL)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 18,487,000 | 20,058,000 | 21,834,000 | 14,800,000 | 8,194,000 |
| Total current liabilities | US$ in thousands | 22,203,000 | 19,992,000 | 18,304,000 | 12,725,000 | 14,938,000 |
| Current ratio | 0.83 | 1.00 | 1.19 | 1.16 | 0.55 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $18,487,000K ÷ $22,203,000K
= 0.83
The current ratio of United Airlines Holdings Inc has fluctuated over the past five years, indicating varying levels of short-term liquidity.
As of December 31, 2023, the current ratio stood at 0.83, reflecting a decrease from the previous year. This suggests that United Airlines had $0.83 in current assets for every $1 in current liabilities, indicating a potential liquidity challenge in meeting its short-term obligations.
In contrast, the company had a current ratio of 1.00 on December 31, 2022, which indicates that it had exactly enough current assets to cover its current liabilities. This ratio improved from the previous year, suggesting improved liquidity position.
On December 31, 2021, the current ratio was 1.19, indicating a healthy liquidity position with $1.19 in current assets for every $1 in current liabilities. This ratio had improved compared to December 31, 2020.
In 2020, the current ratio was 1.16, which also signified a strong liquidity position for United Airlines, with current assets exceeding current liabilities.
The lowest current ratio in the table was recorded on December 31, 2019, at 0.55. This low ratio suggests that the company had insufficient current assets to cover its short-term obligations, indicating potential liquidity constraints.
Overall, United Airlines Holdings Inc has shown fluctuations in its current ratio over the years, with some periods indicating stronger liquidity positions than others. It is essential for the company to carefully manage its current assets and liabilities to ensure it can meet its short-term financial obligations timely and effectively.
Peer comparison
Dec 31, 2023