Southwest Airlines Company

NYSE LUV

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Southwest Airlines Company Cash Ratio 5 year CAGR for the year ending December 31, 2023: 26.44%

Southwest Airlines Company Cash Ratio 5 year CAGR is 26.44% for the year ending December 31, 2023, a -20.85% 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.

Southwest Airlines Company Cash Ratio for the year ending December 31, 2022 was 0.91, a -32.84% change year over year.
Southwest Airlines Company Cash Ratio for the year ending December 31, 2021 was 1.36, a -7.60% change year over year.
Southwest Airlines Company Cash Ratio for the year ending December 31, 2020 was 1.47, a 417.83% change year over year.
Southwest Airlines Company Cash Ratio for the year ending December 31, 2019 was 0.28, a 21.36% change year over year.

NYSE: LUV

Southwest Airlines Company

CEO	Mr. Gary C. Kelly
IPO Date	Jan. 2, 1980
Location	United States
Headquarters	PO Box 36611, Dallas, TX, United States, 75235-1611
Employees	74,695
Sector	Industrials
Industry	Airlines

Description

Southwest Airlines Co. operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. It also provides inflight entertainment and connectivity services on Wi-Fi enabled aircraft; and Rapid Rewards loyalty program that enables program members to earn points for dollars spent on Southwest base fares. In addition, the company offers a suite of digital platforms to support customers' travel needs, including websites and apps; and SWABIZ, an online booking tool. Further, it provides ancillary services, such as Southwest's EarlyBird Check-In, upgraded boarding, and transportation of pets and unaccompanied minors. Southwest Airlines Co. was incorporated in 1967 and is headquartered in Dallas, Texas.

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