United Airlines Holdings Inc (UAL)

Current 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
Total current assets	US$ in thousands	18,487,000	21,912,000	23,306,000	21,586,000	20,058,000	22,689,000	24,371,000	22,612,000	21,834,000	23,057,000	24,673,000	16,019,000	14,800,000	16,476,000	10,041,000	7,905,000	8,194,000	8,533,000	8,910,000	7,608,000
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
Current ratio		0.83	0.89	0.91	0.91	1.00	1.03	1.04	1.04	1.19	1.36	1.37	1.13	1.16	1.04	0.61	0.49	0.55	0.54	0.55	0.50

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $18,487,000K ÷ $22,203,000K
= 0.83

United Airlines Holdings Inc's current ratio has shown a declining trend over the past few quarters, indicating a weakening liquidity position. In Q4 2023, the current ratio stood at 0.83, lower than the industry benchmark of 1. A current ratio below 1 suggests that the company may have difficulties meeting its short-term obligations with its current assets. The decreasing trend in the current ratio from Q4 2022 to Q4 2023 reveals potential challenges in managing the company's short-term assets and liabilities effectively. It would be advisable for United Airlines Holdings Inc to closely monitor and manage its liquidity position to ensure financial stability and meet its short-term obligations in a timely manner.