Stock Analysis on Net

United Airlines Holdings Inc. (NASDAQ:UAL)

This company has been moved to the archive! The financial data has not been updated since April 17, 2024.

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

United Airlines Holdings Inc., liquidity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Current ratio 0.83 1.00 1.19 1.16 0.55
Quick ratio 0.73 0.91 1.10 1.04 0.42
Cash ratio 0.65 0.82 1.01 0.94 0.33

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. United Airlines Holdings 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. United Airlines Holdings 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. United Airlines Holdings Inc. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Current Ratio

United Airlines Holdings 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 18,487 20,058 21,834 14,800 8,194
Current liabilities 22,203 19,992 18,304 12,725 14,938
Liquidity Ratio
Current ratio1 0.83 1.00 1.19 1.16 0.55
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
= 18,487 ÷ 22,203 = 0.83

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. United Airlines Holdings Inc. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Quick Ratio

United Airlines Holdings 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 and cash equivalents 6,058 7,166 18,283 11,269 2,762
Short-term investments 8,330 9,248 123 414 2,182
Restricted cash 31 45 37 255
Receivables, less allowance for credit losses 1,898 1,801 1,663 1,295 1,364
Total quick assets 16,317 18,260 20,106 13,233 6,308
 
Current liabilities 22,203 19,992 18,304 12,725 14,938
Liquidity Ratio
Quick ratio1 0.73 0.91 1.10 1.04 0.42
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
= 16,317 ÷ 22,203 = 0.73

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. United Airlines Holdings Inc. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Cash Ratio

United Airlines Holdings 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 and cash equivalents 6,058 7,166 18,283 11,269 2,762
Short-term investments 8,330 9,248 123 414 2,182
Restricted cash 31 45 37 255
Total cash assets 14,419 16,459 18,443 11,938 4,944
 
Current liabilities 22,203 19,992 18,304 12,725 14,938
Liquidity Ratio
Cash ratio1 0.65 0.82 1.01 0.94 0.33
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
= 14,419 ÷ 22,203 = 0.65

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. United Airlines Holdings Inc. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023.