Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
United Airlines Holdings Inc., liquidity ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Current ratio | 0.81 | 0.83 | 1.00 | 1.19 | 1.16 | |
| Quick ratio | 0.71 | 0.73 | 0.91 | 1.10 | 1.02 | |
| Cash ratio | 0.62 | 0.65 | 0.82 | 1.01 | 0.92 |
Based on: 10-K (reporting date: 2024-12-31), 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).
| 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 2022 to 2023 and from 2023 to 2024. |
| 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 2022 to 2023 and from 2023 to 2024. |
| 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 2022 to 2023 and from 2023 to 2024. |
Current Ratio
United Airlines Holdings Inc., current ratio calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 18,883) | 18,487) | 20,058) | 21,834) | 14,800) | |
| Current liabilities | 23,314) | 22,203) | 19,992) | 18,304) | 12,725) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 0.81 | 0.83 | 1.00 | 1.19 | 1.16 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| FedEx Corp. | 1.36 | 1.37 | 1.43 | 1.51 | 1.58 | |
| Uber Technologies Inc. | 1.07 | 1.19 | 1.04 | 0.98 | 1.44 | |
| Union Pacific Corp. | 0.77 | 0.81 | 0.72 | 0.62 | 1.01 | |
| United Parcel Service Inc. | 1.17 | 1.10 | 1.22 | 1.42 | 1.19 | |
| Current Ratio, Sector | ||||||
| Transportation | 1.04 | 1.06 | 1.14 | 1.24 | 1.28 | |
| Current Ratio, Industry | ||||||
| Industrials | 1.19 | 1.16 | 1.20 | 1.29 | 1.41 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 18,883 ÷ 23,314 = 0.81
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 2022 to 2023 and from 2023 to 2024. |
Quick Ratio
United Airlines Holdings Inc., quick ratio calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 8,769) | 6,058) | 7,166) | 18,283) | 11,269) | |
| Short-term investments | 5,706) | 8,330) | 9,248) | 123) | 414) | |
| Receivables, net | 2,163) | 1,898) | 1,801) | 1,663) | 1,295) | |
| Total quick assets | 16,638) | 16,286) | 18,215) | 20,069) | 12,978) | |
| Current liabilities | 23,314) | 22,203) | 19,992) | 18,304) | 12,725) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 0.71 | 0.73 | 0.91 | 1.10 | 1.02 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| FedEx Corp. | 1.24 | 1.25 | 1.31 | 1.40 | 1.45 | |
| Uber Technologies Inc. | 0.95 | 1.02 | 0.88 | 0.82 | 1.19 | |
| Union Pacific Corp. | 0.55 | 0.61 | 0.52 | 0.47 | 0.79 | |
| United Parcel Service Inc. | 1.05 | 0.98 | 1.11 | 1.32 | 1.00 | |
| Quick Ratio, Sector | ||||||
| Transportation | 0.92 | 0.93 | 1.02 | 1.13 | 1.10 | |
| Quick Ratio, Industry | ||||||
| Industrials | 0.69 | 0.66 | 0.72 | 0.80 | 0.88 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 16,638 ÷ 23,314 = 0.71
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 2022 to 2023 and from 2023 to 2024. |
Cash Ratio
United Airlines Holdings Inc., cash ratio calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 8,769) | 6,058) | 7,166) | 18,283) | 11,269) | |
| Short-term investments | 5,706) | 8,330) | 9,248) | 123) | 414) | |
| Total cash assets | 14,475) | 14,388) | 16,414) | 18,406) | 11,683) | |
| Current liabilities | 23,314) | 22,203) | 19,992) | 18,304) | 12,725) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.62 | 0.65 | 0.82 | 1.01 | 0.92 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| FedEx Corp. | 0.49 | 0.50 | 0.48 | 0.52 | 0.47 | |
| Uber Technologies Inc. | 0.66 | 0.66 | 0.56 | 0.55 | 1.03 | |
| Union Pacific Corp. | 0.19 | 0.21 | 0.18 | 0.17 | 0.43 | |
| United Parcel Service Inc. | 0.38 | 0.34 | 0.42 | 0.60 | 0.37 | |
| Cash Ratio, Sector | ||||||
| Transportation | 0.51 | 0.51 | 0.55 | 0.65 | 0.62 | |
| Cash Ratio, Industry | ||||||
| Industrials | 0.31 | 0.29 | 0.32 | 0.39 | 0.47 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 14,475 ÷ 23,314 = 0.62
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 2022 to 2023 and from 2023 to 2024. |