United Airlines Holdings Inc (UAL)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 18,883,000 | 18,487,000 | 20,058,000 | 21,834,000 | 14,800,000 |
| Total current liabilities | US$ in thousands | 23,314,000 | 22,203,000 | 19,992,000 | 18,304,000 | 12,725,000 |
| Current ratio | 0.81 | 0.83 | 1.00 | 1.19 | 1.16 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $18,883,000K ÷ $23,314,000K
= 0.81
The current ratio of United Airlines Holdings Inc has shown a slight increase from 1.16 in December 31, 2020, to 1.19 in December 31, 2021. However, there has been a decline in the current ratio in the subsequent years, dropping to 1.00 by December 31, 2022, further decreasing to 0.83 by December 31, 2023, and finally reaching 0.81 by December 31, 2024.
A current ratio below 1 indicates that the company may have difficulties meeting its short-term obligations using its current assets. The decreasing trend in the current ratio over the years may raise concerns about the company's liquidity position. United Airlines Holdings Inc may need to assess its current asset management and liquidity management strategies to ensure it can cover its short-term liabilities effectively.
Peer comparison
Dec 31, 2024