United Airlines Holdings Inc (UAL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 18,883,000 | 18,571,000 | 20,003,000 | 18,696,000 | 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 |
| 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 |
| Current ratio | 0.81 | 0.79 | 0.77 | 0.75 | 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 |
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 fluctuations over the past few years, indicating variations in the company's liquidity position. The current ratio, which measures the company's ability to meet its short-term obligations with its current assets, increased from as low as 0.49 in March 2020 to a peak of 1.37 in June 2021. This upward trend suggests an improvement in the company's short-term liquidity position during this period.
However, there have been subsequent fluctuations in the current ratio, with a slight decline to 1.00 by December 2022. The ratio further decreased to 0.83 by December 2023 and remained relatively stable around 0.75 to 0.81 from March 2024 to December 2024. These declining trends indicate potential challenges in United Airlines Holdings Inc's ability to cover its short-term obligations with its current assets during these periods.
Overall, while the current ratio of United Airlines Holdings Inc has shown some improvement and stability in certain periods, the recent downward trend raises concerns about the company's short-term liquidity position and highlights the need for careful monitoring of its financial health.
Peer comparison
Dec 31, 2024