Market Cap : 27.07 B | Enterprise Value : 49.72 B | PE Ratio : 53.45 | PB Ratio : 9.05 |
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The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Delta Air Lines's quick ratio for the quarter that ended in Mar. 2022 was 0.60.
Delta Air Lines has a quick ratio of 0.60. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Delta Air Lines's Quick Ratio or its related term are showing as below:
During the past 13 years, Delta Air Lines's highest Quick Ratio was 2.81. The lowest was 0.28. And the median was 0.63.
DAL's Quick Ratio is ranked worse thanThe historical data trend for Delta Air Lines's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Airlines subindustry, Delta Air Lines's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Transportation industry and Industrials sector, Delta Air Lines's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Delta Air Lines's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Delta Air Lines's Quick Ratio for the fiscal year that ended in Dec. 2021 is calculated as
Quick Ratio (A: Dec. 2021 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (15940 | - | 1098) | / | 20966 | |
= | 0.71 |
Delta Air Lines's Quick Ratio for the quarter that ended in Mar. 2022 is calculated as
Quick Ratio (Q: Mar. 2022 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (15720 | - | 1292) | / | 24060 | |
= | 0.60 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Thank you for viewing the detailed overview of Delta Air Lines's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Jacobson Paul A | officer: EVP & CFO | C/O DELTA AIR LINES, INC., DEPT. 981 P.O. BOX 20574 ATLANTA GA 30320 |
Carter Ashton B | director | C/O DELTA AIR LINES, INC. P.O. BOX 20574, DEPT. 981 ATLANTA GA 30320 |
Mattson George N | director | C/O DELTA AIR LINES, INC. P.O. BOX 20574, DEPT. 981 ATLANTA GA 30320 |
Jackson Jeanne P | director | 537 NEWPORT CENTER DRIVE #306 NEWPORT BEACH CA 92660 |
Waller Kathy N | director | THE COCA-COLA COMPANY ONE COCA-COLA PLAZA ATLANTA GA 30313 |
Taylor David S | director | THE PROCTER & GAMBLE COMPANY ONE PROCTER & GAMBLE PLAZA CINCINNATI OH 45202 |
Rial Sergio | director | CARGILL, INCORPORATED 15615 MCGINTY ROAD WEST WAYZATA MN 55391 |
Huerta Michael P | director | 1800 M STREET NW SUITE 800 WASHINGTON DC 20036 |
Dewalt David G | director | PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: DEWALT DAVID G a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;} |
Blake Francis S | director | 2455 PACES FERRY RD ATLANTA GA 30339 |
Easter William H Iii | director | 370 17TH ST STE 2500 DENVER CO 80202 |
Samant Rahul D | officer: EVP & Chief Info Officer | C/O DELTA AIR LINES, INC. P.O. BOX 20574, DEPT. 981 ATLANTA GA 30320 |
Buffett Warren E | 10 percent owner | 3555 FARNAM ST STE 1440 OMAHA NE 68131 |
Berkshire Hathaway Inc | 10 percent owner | 3555 FARNAM STREET OMAHA NE 68131 |
Carroll William C | officer: SVP, Finance & Controller | C/O DELTA AIR LINES, INC. P.O. BOX 20574, DEPT. 981 ATLANTA GA 30320 |
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