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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


Current Liabilities decreased faster than Southwest Airlines Co 's Current Assets, this led to improvement in Southwest Airlines Co 's Working Capital Ratio to 3.03, above Southwest Airlines Co average Working Capital Ratio.

Within Airline industry Southwest Airlines Co booked the highest Working Capital Ratio than Southwest Airlines Co in the first quarter 2024. While Working Capital Ratio total ranking in the first quarter 2024 has deteriorated compared to the prior quarter from 146 to 1037.

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


LUV Working Capital Ratio (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Current Liabilities Change 12.84 % 34.43 % 21.78 % -15.05 % 13.32 %
Y / Y Current Assets Change -6.96 % -5.76 % -10.88 % -24.41 % -24.16 %
Working Capital Ratio MRQ 3.03 2.54 3.15 3.35 3.68
LUV's Total Ranking # 1037 # 146 # 1007 # 111 # 77
Seq. Current Liabilities Change -20.37 % 18.32 % 6.05 % 12.94 % -5.14 %
Seq. Current Assets Change -4.83 % -4.62 % -0.2 % 2.71 % -3.61 %



Working Capital Ratio first quarter 2024 Company Ranking
Within: No.
Airline Industry # 0
Transportation Sector # 3
Overall Market # 1037


Working Capital Ratio Statistics
High Average Low
5.91 1.52 0.54
(Sep 30 2021)   (Dec 31 2013)




Financial Statements
Southwest Airlines Co 's Current Liabilities $ 4,377 Millions Visit LUV's Balance sheet
Southwest Airlines Co 's Current Assets $ 13,281 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

(Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Current Liabilities TTM Growth 12.84 % 34.43 % 21.78 % -15.05 % 13.32 %
Y / Y Current Assets TTM Growth -6.96 % -5.76 % -10.88 % -24.41 % -24.16 %
Working Capital Ratio TTM 2.99 3.13 3.43 3.72 3.83
Total Ranking TTM # 2743 # 2987 # 3906 # 4078 # 2807
Seq. Current Liabilities TTM Growth -20.37 % 18.32 % 6.05 % 12.94 % -5.14 %
Seq. Current Assets TTM Growth -4.83 % -4.62 % -0.2 % 2.71 % -3.61 %


On the trailing twelve months basis Due to decline in Current Liabilities in the I Quarter 2024 to $4,377.00 millions, cumulative Working Capital Ratio decreased to 2.99 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 10 other companies have achieved higher Working Capital Ratio than Southwest Airlines Co . While Working Capital Ratio overall ranking has improved so far to 2743, from total ranking during the twelve months ending forth quarter 2023 at 2987.

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 # 11
Transportation Sector # 43
Within the Market # 2743


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 Mar 31 2024, within Airline Industry Working Capital RatioMar 31 2024 MRQ Current AssetsMar 31 2024 MRQ Current Liabilities
Southwest Airlines Co   3.03 $ 13,281.000  Millions$ 4,377.000  Millions
Frontier Group Holdings Inc   1.02 $ 903.000  Millions$ 882.000  Millions
Spirit Airlines Inc   0.97 $ 1,488.409  Millions$ 1,529.034  Millions
Hawaiian Holdings inc  0.89 $ 1,160.054  Millions$ 1,301.337  Millions
Skywest Inc  0.81 $ 1,069.361  Millions$ 1,312.296  Millions
United Airlines Holdings Inc   0.75 $ 18,696.000  Millions$ 24,764.000  Millions
Sun Country Airlines Holdings Inc   0.61 $ 234.969  Millions$ 383.567  Millions

Date modified: 2024-04-30T01:19:25+00:00



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