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Southwest Airlines Co   (LUV)
Other Ticker:  
 
    Sector  Transportation    Industry Airline
   Industry Airline
   Sector  Transportation

Southwest Airlines Co 's Quick Ratio

LUV's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


In the wake of the increase in Current Liabilities in the forth quarter 2023, Quick Ratio fell to 2.09 above Southwest Airlines Co average.

Within Airline industry Southwest Airlines Co booked the highest Quick Ratio than Southwest Airlines Co in the forth quarter 2023. While Quick Ratio total ranking has improved so far during the IV Quarter 2023 to 55, from total ranking in the third quarter 2023 at 139.

Explain Quick Ratio?
How much Cash & cash equivalents LUVīs has?
What are LUVīs Current Liabilities?


LUV Quick Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change 34.43 % 21.78 % -15.05 % 13.32 % 21.73 %
Y / Y Cash & cash equivalent Change -6.65 % -14.19 % -25.88 % -25.83 % -20.72 %
Quick Ratio MRQ 2.09 2.53 2.78 3.01 3.01
LUV's Total Ranking # 55 # 139 # 316 # 982 # 868
Seq. Current Liabilities Change 18.32 % 6.05 % 12.94 % -5.14 % 7.18 %
Seq. Cash & cash equivalent Change -2.21 % -3.66 % 4.33 % -5.03 % -10.1 %



Quick Ratio forth quarter 2023 Company Ranking
Within: No.
Airline Industry # 1
Transportation Sector # 1
Overall Market # 55


Quick Ratio Statistics
High Average Low
5.1 1.18 0.38
(Sep 30 2021)   (Dec 31 2013)




Financial Statements
Southwest Airlines Co 's Current Liabilities $ 5,497 Millions Visit LUV's Balance sheet
Southwest Airlines Co 's Cash & cash equivalent $ 11,474 Millions Visit LUV's Balance sheet
Source of LUV's Sales Visit LUV's Sales by Geography


Cumulative Southwest Airlines Co 's Quick Ratio

LUV's Quick Ratio for the trailling 12 Months

LUV Quick Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth 34.43 % 21.78 % -15.05 % 13.32 % 21.73 %
Y / Y Cash & cash equivalent TTM Growth -6.65 % -14.19 % -25.88 % -25.83 % -20.72 %
Quick Ratio TTM 2.56 2.82 3.08 3.19 3.53
Total Ranking TTM # 330 # 823 # 3876 # 847 # 4101
Seq. Current Liabilities TTM Growth 18.32 % 6.05 % 12.94 % -5.14 % 7.18 %
Seq. Cash & cash equivalent TTM Growth -2.21 % -3.66 % 4.33 % -5.03 % -10.1 %


On the trailing twelve months basis Due to increase in Current Liabilities in the IV Quarter 2023 to $5,497.00 millions, cumulative Quick Ratio decreased to 2.56 above the LUV average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Airline industry LUV achieved the highest Quick Ratio. While Quick Ratio overall ranking has improved so far to 330, from total ranking during the twelve months ending third quarter 2023 at 823.

Explain Quick Ratio?
How much Cash & cash equivalents LUVīs has?
What are LUVīs Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Airline Industry # 1
Transportation Sector # 5
Within the Market # 330


trailing twelve months Quick Ratio Statistics
High Average Low
1.73 0.76 0.12
(Mar 31 2021)   (Sep. 30, 2015)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Airline Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Southwest Airlines Co   2.09 $ 11,474.000  Millions$ 5,497.000  Millions
Hawaiian Holdings inc  0.79 $ 908.497  Millions$ 1,145.401  Millions
Frontier Group Holdings Inc   0.72 $ 609.000  Millions$ 846.000  Millions
Skywest Inc  0.67 $ 835.223  Millions$ 1,254.292  Millions
Spirit Airlines Inc   0.58 $ 977.712  Millions$ 1,671.592  Millions
Sun Country Airlines Holdings Inc   0.45 $ 188.452  Millions$ 418.582  Millions
Jetblue Airways Corp  0.43 $ 1,567.000  Millions$ 3,628.000  Millions

Date modified: 2024-02-07T10:02:19+00:00



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