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

Southwest Airlines Co 's Working Capital Ratio

LUV's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


In the wake of the increase in Current Liabilities in the forth quarter 2023, Working Capital Ratio fell to 2.54 above Southwest Airlines Co average.

Within Airline industry Southwest Airlines Co booked the highest Working Capital Ratio than Southwest Airlines Co in the forth quarter 2023. While Working Capital Ratio total ranking has improved so far during the IV Quarter 2023 to 146, from total ranking in the third quarter 2023 at 1398.

Explain Working Capital Ratio
How much in Current Assets LUVīs has?
What is the value of LUVīs Current Liabilities?


LUV Working Capital 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 Current Assets Change -5.76 % -10.88 % -24.41 % -24.16 % -17.9 %
Working Capital Ratio MRQ 2.54 3.15 3.35 3.68 3.62
LUV's Total Ranking # 146 # 1398 # 111 # 1141 # 1338
Seq. Current Liabilities Change 18.32 % 6.05 % 12.94 % -5.14 % 7.18 %
Seq. Current Assets Change -4.62 % -0.2 % 2.71 % -3.61 % -9.81 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Airline Industry # 1
Transportation Sector # 2
Overall Market # 146


Working Capital Ratio Statistics
High Average Low
5.91 1.5 0.54
(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 Current Assets $ 13,955 Millions Visit LUV's Balance sheet
Source of LUV's Sales Visit LUV's Sales by Geography


Cumulative Southwest Airlines Co 's Working Capital Ratio

LUV's Working Capital Ratio for the trailling 12 Months

LUV Working Capital 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 Current Assets TTM Growth -5.76 % -10.88 % -24.41 % -24.16 % -17.9 %
Working Capital Ratio TTM 3.13 3.43 3.72 3.83 4.21
Total Ranking TTM # 1529 # 2572 # 2621 # 2632 # 2813
Seq. Current Liabilities TTM Growth 18.32 % 6.05 % 12.94 % -5.14 % 7.18 %
Seq. Current Assets TTM Growth -4.62 % -0.2 % 2.71 % -3.61 % -9.81 %


On the trailing twelve months basis Due to increase in Current Liabilities in the IV Quarter 2023 to $5,497.00 millions, cumulative Working Capital Ratio decreased to 3.13 above the LUV average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Airline industry 9 other companies have achieved higher Working Capital Ratio than Southwest Airlines Co . While Working Capital Ratio overall ranking has improved so far to 1870, from total ranking during the twelve months ending third quarter 2023 at 3906.

Explain Working Capital Ratio
How much in Current Assets LUVīs has?
What is the value of LUVīs Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Airline Industry # 10
Transportation Sector # 51
Within the Market # 146


trailing twelve months Working Capital Ratio Statistics
High Average Low
1.93 1.01 0.57
(Mar 31 2021)   (Sep 30 2016)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Airline Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Southwest Airlines Co   2.54 $ 13,955.000  Millions$ 5,497.000  Millions
Frontier Group Holdings Inc   1.03 $ 871.000  Millions$ 846.000  Millions
Hawaiian Holdings inc  1.02 $ 1,170.940  Millions$ 1,145.401  Millions
Spirit Airlines Inc   0.90 $ 1,512.127  Millions$ 1,671.592  Millions
Skywest Inc  0.90 $ 1,131.896  Millions$ 1,254.292  Millions
Latam Airlines Group S a   0.74 $ 4,203.362  Millions$ 5,688.135  Millions
Sun Country Airlines Holdings Inc   0.65 $ 271.351  Millions$ 418.582  Millions
American Airlines Group Inc   0.62 $ 13,572.000  Millions$ 22,062.000  Millions
Jetblue Airways Corp  0.60 $ 2,160.000  Millions$ 3,628.000  Millions

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



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