Stock Analysis on Net

American Airlines Group Inc. (NASDAQ:AAL)

This company has been moved to the archive! The financial data has not been updated since February 21, 2024.

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

American Airlines Group Inc., liquidity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Current ratio 0.62 0.71 0.91 0.67 0.45
Quick ratio 0.48 0.56 0.79 0.53 0.31
Cash ratio 0.38 0.46 0.71 0.45 0.22

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. American Airlines Group Inc. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. American Airlines Group Inc. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. American Airlines Group Inc. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Current Ratio

American Airlines Group Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Current assets 13,572 15,269 17,336 11,095 8,206
Current liabilities 22,062 21,496 19,006 16,569 18,311
Liquidity Ratio
Current ratio1 0.62 0.71 0.91 0.67 0.45
Benchmarks
Current Ratio, Competitors2
FedEx Corp. 1.37 1.43 1.51 1.58 1.45
Uber Technologies Inc. 1.19 1.04 0.98 1.44 2.47
Union Pacific Corp. 0.81 0.72 0.62 1.01 0.79
United Parcel Service Inc. 1.10 1.22 1.42 1.19 1.11
Current Ratio, Sector
Transportation 1.17 1.19 1.26 1.32 1.38
Current Ratio, Industry
Industrials 1.18 1.21 1.30 1.42 1.19

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 13,572 ÷ 22,062 = 0.62

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. American Airlines Group Inc. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Quick Ratio

American Airlines Group Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash 578 440 273 245 280
Short-term investments 7,000 8,525 12,158 6,619 3,546
Restricted cash and short-term investments 910 995 990 609 158
Accounts receivable, net 2,026 2,138 1,505 1,342 1,750
Total quick assets 10,514 12,098 14,926 8,815 5,734
 
Current liabilities 22,062 21,496 19,006 16,569 18,311
Liquidity Ratio
Quick ratio1 0.48 0.56 0.79 0.53 0.31
Benchmarks
Quick Ratio, Competitors2
FedEx Corp. 1.25 1.31 1.40 1.45 1.27
Uber Technologies Inc. 1.02 0.88 0.82 1.19 2.24
Union Pacific Corp. 0.61 0.52 0.47 0.79 0.56
United Parcel Service Inc. 0.98 1.11 1.32 1.00 0.99
Quick Ratio, Sector
Transportation 1.03 1.06 1.14 1.13 1.21
Quick Ratio, Industry
Industrials 0.66 0.70 0.78 0.87 0.71

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 10,514 ÷ 22,062 = 0.48

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. American Airlines Group Inc. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Cash Ratio

American Airlines Group Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash 578 440 273 245 280
Short-term investments 7,000 8,525 12,158 6,619 3,546
Restricted cash and short-term investments 910 995 990 609 158
Total cash assets 8,488 9,960 13,421 7,473 3,984
 
Current liabilities 22,062 21,496 19,006 16,569 18,311
Liquidity Ratio
Cash ratio1 0.38 0.46 0.71 0.45 0.22
Benchmarks
Cash Ratio, Competitors2
FedEx Corp. 0.50 0.48 0.52 0.47 0.26
Uber Technologies Inc. 0.66 0.56 0.55 1.03 2.02
Union Pacific Corp. 0.21 0.18 0.17 0.43 0.19
United Parcel Service Inc. 0.34 0.42 0.60 0.37 0.37
Cash Ratio, Sector
Transportation 0.44 0.44 0.51 0.52 0.59
Cash Ratio, Industry
Industrials 0.27 0.29 0.35 0.45 0.34

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 8,488 ÷ 22,062 = 0.38

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. American Airlines Group Inc. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023.