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• Quick Ratio
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• Tangible Leverage
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• Work. Cap. Per Revenue
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




LUV Working Capital Ratio (Jun 30 2023)
II. Quarter		 (Mar 31 2023)
I. Quarter		 (Dec 31 2022)
IV. Quarter		 (Sep 30 2022)
III. Quarter		 (Jun 30 2022)
II. Quarter
Y / Y Current Liabilities Change -15.05 % 13.32 % 21.73 % 21.46 % -12.55 %
Y / Y Current Assets Change -24.41 % -24.16 % -17.9 % -11.51 % 1.08 %
Working Capital Ratio MRQ 3.35 3.68 3.62 4.3 3.76
Overall Ranking # 111 # 1141 # 1338 # 1295 # 1286
Seq. Current Liabilities Change 12.94 % -5.14 % 7.18 % -26.02 % 50.66 %
Seq. Current Assets Change 2.71 % -3.61 % -9.81 % -15.35 % 3.05 %

New: More LUV's historic Working Capital Ratios >>


Comment on LUV Working Capital Ratio in the second quarter 2023
In the wake of the increase in Current Liabilities in the second quarter 2023, Working Capital Ratio fell to 3.35 below Southwest Airlines Co average.

Within Airline industry Southwest Airlines Co booked the highest Working Capital Ratio than Southwest Airlines Co in the second quarter 2023. While Working Capital Ratio total ranking has improved so far during the II Quarter 2023 to 111, from total ranking in the first quarter 2023 at 1141.

Explain Working Capital Ratio
How much in Current Assets LUVīs has?
What is the value of LUVīs Current Liabilities?
Working Capital Ratio second quarter 2023 Company Ranking
Within: No.
Airline Industry # 0
Transportation Sector # 0
Overall Market # 111


Working Capital Ratio Statistics
High Average Low
5.91 1.46 0.54
(Sep 30 2021)   (Dec 31 2013)




Financial Statements
Southwest Airlines Co 's Current Liabilities $ 4,381 Millions Visit LUV's Balance sheet
Southwest Airlines Co 's Current Assets $ 14,661 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

 (Jun 30 2023)
II. Quarter		 (Mar 31 2023)
I. Quarter		 (Dec 31 2022)
IV. Quarter		 (Sep 30 2022)
III. Quarter		 (Jun 30 2022)
II. Quarter
Y / Y Current Liabilities TTM Growth -15.05 % 13.32 % 21.73 % 21.46 % -12.55 %
Y / Y Current Assets TTM Growth -24.41 % -24.16 % -17.9 % -11.51 % 1.08 %
Working Capital Ratio TTM 3.72 3.83 4.21 4.61 4.96
Total Ranking TTM # 3698 # 4028 # 4176 # 642 # 2601
Seq. Current Liabilities TTM Growth 12.94 % -5.14 % 7.18 % -26.02 % 50.66 %
Seq. Current Assets TTM Growth 2.71 % -3.61 % -9.81 % -15.35 % 3.05 %

Working Capital ratio ranking by company, industry and sector >> Back to LUV Financial Strength Comparisons >> Go to Compare LUV Working Capital to its Competitors

TTM Working Capital Ratio Comment
On the trailing twelve months basis In spite of the year on year decrease in LUV's Current Liabilities to $4,381.00 millions, cumulative Working Capital Ratio to 3.72 below the LUV average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operatig within Airline industry 12 other companies have achieved higher Working Capital Ratio than Southwest Airlines Co . While Working Capital Ratio overall ranking has improved so far to 3698, from total ranking during the twelve months ending first quarter 2023 at 4028.

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 # 13
Transportation Sector # 58
Within the Market # 3698


TTM 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 Jun 30 2023, within Airline Industry Working Capital RatioJun 30 2023 MRQ Current AssetsJun 30 2023 MRQ Current Liabilities
Southwest Airlines Co   3.35 $ 14,661.000  Millions$ 4,381.000  Millions
Frontier Group Holdings Inc   1.29 $ 1,009.000  Millions$ 784.000  Millions
Hawaiian Holdings inc  1.19 $ 1,545.260  Millions$ 1,295.687  Millions
Allegiant Travel Co  1.13 $ 1,208.498  Millions$ 1,067.506  Millions
Spirit Airlines Inc   1.05 $ 1,772.834  Millions$ 1,685.962  Millions
Skywest Inc  1.01 $ 1,183.133  Millions$ 1,165.994  Millions
United Airlines Holdings Inc   0.91 $ 23,306.000  Millions$ 25,575.000  Millions
Mesa Air Group Inc   0.82 $ 181.126  Millions$ 222.114  Millions
Sun Country Airlines Holdings Inc   0.79 $ 302.263  Millions$ 383.255  Millions
American Airlines Group Inc   0.75 $ 18,220.000  Millions$ 24,316.000  Millions

Date modified: 2023-07-29T15:11:26+00:00



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