Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
United Airlines Holdings Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 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).
| 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 Q3 2022 to Q4 2022 and from Q4 2022 to Q1 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 Q3 2022 to Q4 2022 and from Q4 2022 to Q1 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 Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Current Ratio
United Airlines Holdings Inc., current ratio calculation (quarterly data)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current assets | 21,586) | 20,058) | 22,689) | 24,371) | 22,612) | 21,834) | 23,057) | 24,673) | 16,019) | 14,800) | 16,476) | 10,041) | 7,905) | 8,194) | 8,533) | 8,910) | 7,608) | 7,194) | 8,671) | 8,881) | 8,287) | |||||||
| Current liabilities | 23,635) | 19,992) | 21,989) | 23,444) | 21,788) | 18,304) | 16,935) | 18,064) | 14,167) | 12,725) | 15,791) | 16,395) | 16,087) | 14,938) | 15,691) | 16,078) | 15,335) | 13,212) | 13,684) | 14,092) | 14,183) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Current ratio1 | 0.91 | 1.00 | 1.03 | 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 | 0.54 | 0.63 | 0.63 | 0.58 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||||
| FedEx Corp. | 1.42 | 1.43 | 1.39 | 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 | 1.39 | 1.43 | 1.57 | 1.63 | |||||||
| Uber Technologies Inc. | 1.06 | 1.04 | 1.04 | 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. | 0.65 | 0.72 | 0.77 | 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 Parcel Service Inc. | 1.34 | 1.22 | 1.39 | 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: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 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).
1 Q1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 21,586 ÷ 23,635 = 0.91
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 Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Quick Ratio
United Airlines Holdings Inc., quick ratio calculation (quarterly data)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Cash and cash equivalents | 7,634) | 7,166) | 11,258) | 16,885) | 18,468) | 18,283) | 19,256) | 20,838) | 12,666) | 11,269) | 13,150) | 6,505) | 3,442) | 2,762) | 2,959) | 3,221) | 1,848) | 1,694) | 2,621) | 2,884) | 2,404) | |||||||
| Short-term investments | 9,522) | 9,248) | 7,437) | 3,190) | 211) | 123) | 166) | 230) | 309) | 414) | 552) | 958) | 1,779) | 2,182) | 2,167) | 2,223) | 2,219) | 2,256) | 2,314) | 2,187) | 2,071) | |||||||
| Restricted cash | 173) | 45) | 61) | 43) | 41) | 37) | 254) | 254) | 254) | 255) | 76) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Receivables, less allowance for credit losses | 2,274) | 1,801) | 2,034) | 2,217) | 2,062) | 1,663) | 1,709) | 1,793) | 1,389) | 1,295) | 1,171) | 857) | 792) | 1,364) | 1,617) | 1,762) | 1,789) | 1,346) | 1,752) | 1,840) | 1,760) | |||||||
| Total quick assets | 19,603) | 18,260) | 20,790) | 22,335) | 20,782) | 20,106) | 21,385) | 23,115) | 14,618) | 13,233) | 14,949) | 8,320) | 6,013) | 6,308) | 6,743) | 7,206) | 5,856) | 5,296) | 6,687) | 6,911) | 6,235) | |||||||
| Current liabilities | 23,635) | 19,992) | 21,989) | 23,444) | 21,788) | 18,304) | 16,935) | 18,064) | 14,167) | 12,725) | 15,791) | 16,395) | 16,087) | 14,938) | 15,691) | 16,078) | 15,335) | 13,212) | 13,684) | 14,092) | 14,183) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Quick ratio1 | 0.83 | 0.91 | 0.95 | 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 | 0.40 | 0.49 | 0.49 | 0.44 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||
| FedEx Corp. | 1.30 | 1.31 | 1.27 | 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 | 1.22 | 1.21 | 1.39 | 1.48 | |||||||
| Uber Technologies Inc. | 0.88 | 0.88 | 0.88 | 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. | 0.49 | 0.53 | 0.59 | 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 Parcel Service Inc. | 1.21 | 1.11 | 1.26 | 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: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 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).
1 Q1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 19,603 ÷ 23,635 = 0.83
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 Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Cash Ratio
United Airlines Holdings Inc., cash ratio calculation (quarterly data)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Cash and cash equivalents | 7,634) | 7,166) | 11,258) | 16,885) | 18,468) | 18,283) | 19,256) | 20,838) | 12,666) | 11,269) | 13,150) | 6,505) | 3,442) | 2,762) | 2,959) | 3,221) | 1,848) | 1,694) | 2,621) | 2,884) | 2,404) | |||||||
| Short-term investments | 9,522) | 9,248) | 7,437) | 3,190) | 211) | 123) | 166) | 230) | 309) | 414) | 552) | 958) | 1,779) | 2,182) | 2,167) | 2,223) | 2,219) | 2,256) | 2,314) | 2,187) | 2,071) | |||||||
| Restricted cash | 173) | 45) | 61) | 43) | 41) | 37) | 254) | 254) | 254) | 255) | 76) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Total cash assets | 17,329) | 16,459) | 18,756) | 20,118) | 18,720) | 18,443) | 19,676) | 21,322) | 13,229) | 11,938) | 13,778) | 7,463) | 5,221) | 4,944) | 5,126) | 5,444) | 4,067) | 3,950) | 4,935) | 5,071) | 4,475) | |||||||
| Current liabilities | 23,635) | 19,992) | 21,989) | 23,444) | 21,788) | 18,304) | 16,935) | 18,064) | 14,167) | 12,725) | 15,791) | 16,395) | 16,087) | 14,938) | 15,691) | 16,078) | 15,335) | 13,212) | 13,684) | 14,092) | 14,183) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Cash ratio1 | 0.73 | 0.82 | 0.85 | 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 | 0.30 | 0.36 | 0.36 | 0.32 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||
| FedEx Corp. | 0.50 | 0.48 | 0.43 | 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 | 0.34 | 0.29 | 0.34 | 0.45 | |||||||
| Uber Technologies Inc. | 0.58 | 0.56 | 0.61 | 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. | 0.17 | 0.18 | 0.23 | 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 Parcel Service Inc. | 0.58 | 0.42 | 0.64 | 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: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 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).
1 Q1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 17,329 ÷ 23,635 = 0.73
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 Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |