Allegiant Travel Company

NASDAQ ALGT

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Allegiant Travel Company Cash Ratio 5 year CAGR for the year ending December 31, 2023: -3.65%

Allegiant Travel Company Cash Ratio 5 year CAGR is -3.65% for the year ending December 31, 2023, a -118.64% change year over year. The cash ratio measures a company's ability to cover its current liabilities with its available cash. It is calculated by dividing cash by current liabilities. This ratio indicates the company's short-term liquidity position and its ability to meet its immediate obligations using its cash reserves. A higher cash ratio suggests a stronger ability to cover short-term liabilities. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Allegiant Travel Company Cash Ratio for the year ending December 31, 2022 was 0.26, a -52.05% change year over year.
Allegiant Travel Company Cash Ratio for the year ending December 31, 2021 was 0.55, a 148.76% change year over year.
Allegiant Travel Company Cash Ratio for the year ending December 31, 2020 was 0.22, a 11.39% change year over year.
Allegiant Travel Company Cash Ratio for the year ending December 31, 2019 was 0.20, a 25.50% change year over year.

NASDAQ: ALGT

Allegiant Travel Company

CEO	Mr. Maurice J. Gallagher Jr.
IPO Date	Dec. 8, 2006
Location	United States
Headquarters	1201 North Town Center Drive, Las Vegas, NV, United States, 89144
Employees	5,951
Sector	Industrials
Industry	Airlines

Description

Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft. The company also provides air-related services and products in conjunction with air transportation, including baggage fees, advance seat assignments, travel protection products, priority boarding, a customer convenience fee, food and beverage purchases on board, and other air-related services, as well as use of its call center for purchases. In addition, it offers third party travel products, such as hotel rooms and ground transportation, such as rental cars and hotel shuttle products; and air transportation services through fixed fee agreements and charter service on a year-round and ad-hoc basis. Further, the company operates a golf course. Allegiant Travel Company was founded in 1997 and is based in Las Vegas, Nevada.

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