United Airlines Holdings Inc (UAL)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 8,769,000 | 6,058,000 | 7,166,000 | 18,283,000 | 11,269,000 |
| Short-term investments | US$ in thousands | 5,706,000 | 8,330,000 | 9,248,000 | 123,000 | 414,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 23,314,000 | 22,203,000 | 19,992,000 | 18,304,000 | 12,725,000 |
| Quick ratio | 0.62 | 0.65 | 0.82 | 1.01 | 0.92 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($8,769,000K
+ $5,706,000K
+ $—K)
÷ $23,314,000K
= 0.62
The quick ratio of United Airlines Holdings Inc has exhibited fluctuations over the past five years. In December 2020, the quick ratio stood at 0.92, indicating that the company had $0.92 in liquid assets available to cover each dollar of its current liabilities. By December 2021, the quick ratio improved to 1.01, suggesting a stronger liquidity position. However, in the following years, the quick ratio declined to 0.82 in 2022, 0.65 in 2023, and further to 0.62 in 2024. These decreasing values may raise concerns about the company's ability to meet its short-term obligations using its most liquid assets. It is recommended that United Airlines Holdings Inc closely monitors its liquidity position to ensure it can efficiently address any upcoming financial challenges.
Peer comparison
Dec 31, 2024