Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Delta Air Lines Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Delta Air Lines Inc. current ratio deteriorated from Q4 2021 to Q1 2022 but then slightly improved from Q1 2022 to Q2 2022. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Delta Air Lines Inc. quick ratio deteriorated from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Delta Air Lines Inc. cash ratio deteriorated from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
Current Ratio
Delta Air Lines Inc., current ratio calculation (quarterly data)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current assets | 17,313) | 15,720) | 15,940) | 17,471) | 19,666) | 17,853) | 17,404) | 25,030) | 18,915) | 10,275) | 8,249) | 6,944) | 7,134) | 7,196) | 6,340) | 6,726) | 7,641) | 7,724) | 7,844) | 7,083) | 7,177) | 6,880) | |||||||
| Current liabilities | 26,324) | 24,060) | 20,966) | 20,924) | 23,573) | 20,688) | 15,927) | 19,725) | 20,150) | 19,392) | 20,204) | 20,211) | 21,164) | 21,323) | 18,578) | 18,158) | 19,269) | 20,012) | 18,573) | 16,496) | 16,631) | 15,953) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Current ratio1 | 0.66 | 0.65 | 0.76 | 0.83 | 0.83 | 0.86 | 1.09 | 1.27 | 0.94 | 0.53 | 0.41 | 0.34 | 0.34 | 0.34 | 0.34 | 0.37 | 0.40 | 0.39 | 0.42 | 0.43 | 0.43 | 0.43 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||||||
| FedEx Corp. | 1.49 | 1.51 | 1.51 | 1.60 | 1.76 | 1.69 | 1.58 | 1.21 | 1.25 | 1.31 | 1.45 | 1.46 | 1.42 | 1.32 | — | — | — | — | — | — | — | — | |||||||
| Uber Technologies Inc. | 0.98 | 1.00 | 0.98 | 1.19 | 1.01 | 1.14 | 1.44 | 1.36 | 1.64 | 1.68 | 2.47 | 2.82 | 2.57 | 1.68 | — | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 0.66 | 0.71 | 0.62 | 0.75 | 0.86 | 0.76 | 1.01 | 1.06 | 0.96 | 0.82 | 0.79 | 0.89 | 0.72 | 0.75 | — | — | — | — | — | — | — | — | |||||||
| United Airlines Holdings Inc. | 1.04 | 1.04 | 1.19 | 1.36 | 1.37 | 1.13 | 1.16 | 1.04 | 0.61 | 0.49 | 0.55 | 0.54 | 0.55 | 0.50 | — | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 1.47 | 1.52 | 1.42 | 1.48 | 1.39 | 1.29 | 1.19 | 1.29 | 1.24 | 1.22 | 1.11 | 1.11 | 1.09 | 1.13 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 17,313 ÷ 26,324 = 0.66
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. | Delta Air Lines Inc. current ratio deteriorated from Q4 2021 to Q1 2022 but then slightly improved from Q1 2022 to Q2 2022. |
Quick Ratio
Delta Air Lines Inc., quick ratio calculation (quarterly data)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | 9,221) | 7,705) | 7,933) | 8,785) | 10,357) | 8,460) | 8,307) | 16,477) | 11,366) | 5,967) | 2,882) | 1,899) | 2,009) | 1,910) | 1,565) | 1,380) | 1,886) | 1,447) | 1,814) | 1,478) | 2,241) | 1,907) | |||||||
| Short-term investments | 1,549) | 2,250) | 3,386) | 4,417) | 4,873) | 5,575) | 5,789) | 5,048) | 4,302) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Accounts receivable, net of an allowance for uncollectible accounts | 3,093) | 3,039) | 2,404) | 2,183) | 2,258) | 1,837) | 1,396) | 1,503) | 1,375) | 2,280) | 2,854) | 2,836) | 2,844) | 3,154) | 2,314) | 2,517) | 2,427) | 2,568) | 2,377) | 2,399) | 2,164) | 2,307) | |||||||
| Total quick assets | 13,863) | 12,994) | 13,723) | 15,385) | 17,488) | 15,872) | 15,492) | 23,028) | 17,043) | 8,247) | 5,736) | 4,735) | 4,853) | 5,064) | 3,879) | 3,897) | 4,313) | 4,015) | 4,191) | 3,877) | 4,405) | 4,214) | |||||||
| Current liabilities | 26,324) | 24,060) | 20,966) | 20,924) | 23,573) | 20,688) | 15,927) | 19,725) | 20,150) | 19,392) | 20,204) | 20,211) | 21,164) | 21,323) | 18,578) | 18,158) | 19,269) | 20,012) | 18,573) | 16,496) | 16,631) | 15,953) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Quick ratio1 | 0.53 | 0.54 | 0.65 | 0.74 | 0.74 | 0.77 | 0.97 | 1.17 | 0.85 | 0.43 | 0.28 | 0.23 | 0.23 | 0.24 | 0.21 | 0.21 | 0.22 | 0.20 | 0.23 | 0.24 | 0.26 | 0.26 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||
| FedEx Corp. | 1.37 | 1.39 | 1.40 | 1.50 | 1.63 | 1.56 | 1.45 | 1.07 | 1.11 | 1.18 | 1.27 | 1.29 | 1.23 | 1.15 | — | — | — | — | — | — | — | — | |||||||
| Uber Technologies Inc. | 0.83 | 0.83 | 0.82 | 1.01 | 0.85 | 0.96 | 1.19 | 1.20 | 1.45 | 1.49 | 2.24 | 2.58 | 2.36 | 1.48 | — | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 0.48 | 0.53 | 0.47 | 0.57 | 0.65 | 0.59 | 0.81 | 0.87 | 0.79 | 0.62 | 0.57 | 0.65 | 0.52 | 0.53 | — | — | — | — | — | — | — | — | |||||||
| United Airlines Holdings Inc. | 0.95 | 0.95 | 1.10 | 1.26 | 1.28 | 1.03 | 1.04 | 0.95 | 0.51 | 0.37 | 0.42 | 0.43 | 0.45 | 0.38 | — | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 1.35 | 1.41 | 1.32 | 1.36 | 1.27 | 1.12 | 1.00 | 1.18 | 1.13 | 1.11 | 0.99 | 0.97 | 0.94 | 0.96 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 13,863 ÷ 26,324 = 0.53
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. | Delta Air Lines Inc. quick ratio deteriorated from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
Cash Ratio
Delta Air Lines Inc., cash ratio calculation (quarterly data)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | 9,221) | 7,705) | 7,933) | 8,785) | 10,357) | 8,460) | 8,307) | 16,477) | 11,366) | 5,967) | 2,882) | 1,899) | 2,009) | 1,910) | 1,565) | 1,380) | 1,886) | 1,447) | 1,814) | 1,478) | 2,241) | 1,907) | |||||||
| Short-term investments | 1,549) | 2,250) | 3,386) | 4,417) | 4,873) | 5,575) | 5,789) | 5,048) | 4,302) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Total cash assets | 10,770) | 9,955) | 11,319) | 13,202) | 15,230) | 14,035) | 14,096) | 21,525) | 15,668) | 5,967) | 2,882) | 1,899) | 2,009) | 1,910) | 1,565) | 1,380) | 1,886) | 1,447) | 1,814) | 1,478) | 2,241) | 1,907) | |||||||
| Current liabilities | 26,324) | 24,060) | 20,966) | 20,924) | 23,573) | 20,688) | 15,927) | 19,725) | 20,150) | 19,392) | 20,204) | 20,211) | 21,164) | 21,323) | 18,578) | 18,158) | 19,269) | 20,012) | 18,573) | 16,496) | 16,631) | 15,953) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Cash ratio1 | 0.41 | 0.41 | 0.54 | 0.63 | 0.65 | 0.68 | 0.89 | 1.09 | 0.78 | 0.31 | 0.14 | 0.09 | 0.09 | 0.09 | 0.08 | 0.08 | 0.10 | 0.07 | 0.10 | 0.09 | 0.13 | 0.12 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||
| FedEx Corp. | 0.49 | 0.53 | 0.52 | 0.65 | 0.69 | 0.62 | 0.47 | 0.17 | 0.19 | 0.24 | 0.26 | 0.31 | 0.22 | 0.25 | — | — | — | — | — | — | — | — | |||||||
| Uber Technologies Inc. | 0.55 | 0.55 | 0.55 | 0.85 | 0.69 | 0.81 | 1.03 | 1.08 | 1.34 | 1.39 | 2.02 | 2.36 | 2.13 | 1.25 | — | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 0.14 | 0.17 | 0.18 | 0.24 | 0.27 | 0.26 | 0.45 | 0.55 | 0.52 | 0.26 | 0.20 | 0.29 | 0.20 | 0.21 | — | — | — | — | — | — | — | — | |||||||
| United Airlines Holdings Inc. | 0.86 | 0.86 | 1.01 | 1.16 | 1.18 | 0.93 | 0.94 | 0.87 | 0.46 | 0.32 | 0.33 | 0.33 | 0.34 | 0.27 | — | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 0.70 | 0.74 | 0.60 | 0.68 | 0.63 | 0.50 | 0.37 | 0.60 | 0.57 | 0.60 | 0.37 | 0.35 | 0.35 | 0.39 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 10,770 ÷ 26,324 = 0.41
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. | Delta Air Lines Inc. cash ratio deteriorated from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |