United Airlines Holdings Inc (UAL)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 8,769,000 | 8,812,000 | 10,894,000 | 8,441,000 | 6,089,000 | 7,478,000 | 9,605,000 | 7,634,000 | 7,166,000 | 11,258,000 | 16,885,000 | 18,468,000 | 18,283,000 | 19,256,000 | 20,838,000 | 12,666,000 | 11,269,000 | 13,150,000 | 6,505,000 | 3,442,000 |
| Short-term investments | US$ in thousands | 5,706,000 | 5,352,000 | 4,384,000 | 5,591,000 | 8,330,000 | 9,608,000 | 9,533,000 | 9,522,000 | 9,248,000 | 7,437,000 | 3,190,000 | 211,000 | 123,000 | 166,000 | 230,000 | 309,000 | 414,000 | 552,000 | 958,000 | 1,779,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.62 | 0.61 | 0.59 | 0.57 | 0.65 | 0.69 | 0.75 | 0.73 | 0.82 | 0.85 | 0.86 | 0.86 | 1.01 | 1.15 | 1.17 | 0.92 | 0.92 | 0.87 | 0.46 | 0.32 |
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 shown fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio ranged from as low as 0.32 in March 2020 to a high of 1.17 in June 2021, indicating variability in the company's ability to cover its current liabilities with its most liquid assets.
The quick ratio improved gradually from 2020 to 2021, reaching its peak at 1.17 in June 2021, indicating a strengthening liquidity position during that period. However, from September 2021 through March 2024, the quick ratio experienced a downward trend, dropping to as low as 0.57 by March 2024. This decline suggests a potential weakening of the company's ability to meet its short-term obligations using its quick assets.
Overall, a quick ratio below 1 indicates that United Airlines Holdings Inc may have difficulties meeting its current liabilities with its liquid assets alone, implying a need for careful monitoring of its liquidity position to ensure financial stability and solvency.
Peer comparison
Dec 31, 2024