Delta operates a hub-and-spoke system network, where it gathers and distributes passengers across the globe through key locations such as Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Disclaimers: GuruFocus.com is not operated by a broker or a dealer. Thank you for viewing the detailed overview of Delta Air Lines's Quick Ratio provided by GuruFocus.com.

Delta's sale of frequent flier miles, particularly to American Express, is a major driver of the firm's profits. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. GuruFocus has detected 2 Severe Warning Signs with WBO:DAL. 2004-2022 GuruFocus.com, LLC. Please enter Portfolio Name for new portfolio. When running Delta Air Lines price analysis, check to, Is Delta Air's industry expected to grow? All Rights Reserved. If the correlation is 0, the equities are not correlated; they are entirely random. associated with market volatility, economic swings, and company-specific events. Earnings Before Interest Taxes and Depreciation Amortization EBITDA, Earnings Before Interest Taxes and Depreciation Amortization USD, Net Current Assets as percentage of Total Assets, Net Cash Flow or Change in Cash and Cash Equivalents, Payment of Dividends and Other Cash Distributions, Net Cash Flow Investment Acquisitions and Disposals, Selling General and Administrative Expense. By 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 information on this site is in no way guaranteed for completeness, accuracy or in any other way. Investors typically determine Delta Air value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. All currency related amount are indicated in the company's associated stock exchange currency. It indicates that the company cannot currently fully pay back its current liabilities. Delta Air Lines's quick ratio for the quarter that ended in Jun. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. Airline Stocks Make Merry in Tuesday's Trading: Here's Why, Delta Airlines (DAL): New Buy Recommendation for This Industrial Goods Giant, Delta Air Lines (DAL) Outpaces Stock Market Gains: What You Should Know, Delta (DAL) Inks Deal With Gevo for 75M Gallons of SAF Per Year, Delta Air Lines (DAL) Gains As Market Dips: What You Should Know, U.S. This investment adviser does not provide advice to individual investors. Sorry. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Delta Air - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Delta Air Lines to buy it.

Alternatively, perfect negative correlation means that if Delta Air Lines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. The 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. This site uses cookies to make your browsing experince better. Passenger Revenue per Available Seat Mile (Cents), Passenger Yield (Revenue per RPM) (Cents), Total Revenue per Available Seat Mile (Cents), Float Percentage Of Total Shares Outstanding, Accounts Payable & Accrued Expense for Financial Companies, Accumulated other comprehensive income (loss), Cash, Cash Equivalents, Marketable Securities, Long-Term Debt & Capital Lease Obligation, Other Liabilities for Insurance Companies, Short-Term Debt & Capital Lease Obligation, Cash From Discontinued Investing Activities, Cash from Discontinued Operating Activities, Cash Payments for Deposits by Banks and Customers, Cash Receipts from Deposits by Banks and Customers, Cash Receipts from Securities Related Activities, Other Cash Payments from Operating Activities, Other Cash Receipts from Operating Activities, Payments to Suppliers for Goods and Services, Delta Air Lines to Present at the J.P. Morgan Industrials Conference, Delta Air Lines Announces Webcast of June Quarter 2021 Financial Results, Delta spotlights strengthened competitive advantages and brand momentum, Delta Air Lines Announces Webcast of December Quarter and Full Year 2020 Financial Results, Delta Air Lines Announces Webcast of September Quarter 2021 Financial Results, Delta Air Lines Inc (DAL) EVP - Global Sales Steven M Sear Sold $622,310 of Shares, Delta Air Lines Announces Webcast of March Quarter Financial Results, Coltrane Asset Management L.P. Buys Delta Air Lines Inc, PowerShares QQQ Trust Ser 1, Concord Acquisition Corp, Delta Air Lines to Present at the Wolfe Transportation and Industrials Conference, Delta Air Lines Inc (DAL) EVP & Chief Info Officer Rahul D Samant Sold $505,415 of Shares, $DAL - Surging Jet Fuel Price May Be The 'Final Blow' For Delta Air Lines. Fundamental company data provided by Morningstar, updated daily. This feature is only available for Premium Members, please sign up for. View and export this data going back to 2018. Copyright 2022 CSIMarket, Inc. All rights Or is there an opportunity to expand the business' product line in the future? As a result, they are justifiably excluded from assets that are ready sources of immediate cash. reserved. The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk View, Delta Quick Ratio Trend from 2010 to 2022, predict the probability of Delta Air's future price movements, Sponsored content. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. Warning! 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. 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. 2022 was 0.59. Only PremiumPlus Member can access this feature. Bans Russian Flights to Corner Russia Again Over Ukraine, Delta Air Lines (DAL) Gains But Lags Market: What You Should Know, Earn affiliate commissions by embedding GuruFocus Charts. Upgrade to remove this ad. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Please note, there is a significant difference between Delta Air's value and its price as these two are different measures arrived at by different means. Past performance is a poor indicator of future performance. Please click on the following links to see related term pages. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Delta Air moves, either up or down, the other security will move in the same direction. The higher the quick ratio, the better the company's liquidity position.

Delta Air Lines has a quick ratio of 0.59. Select each DAL's Category to get more detailed Information, CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. Delta Air's Quick Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Delta Air's overall financial position and show how it may be relating to other accounts over time. Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. However, Delta Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. 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. Delta Airlines Stock Surging Jet Fuel Price May Be Final Blow, Airline Stock Roundup: Bullish Q1 Revenue Views by DAL, UAL & Others, CPA in Focus, Airline Stock Roundup: U.S. Shuts Airspace for Russia, SAVE, RYAAY in Focus. Such companies often have faster inventory turnover and cash conversion cycles. The ability to find closely correlated positions to Delta Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Delta Air when you sell it. The lowest was 0.28. WBO:DAL has been removed from your Stock Email Alerts list. Factors like these will boost. Showing smoothed Quick Ratio of Delta Air Lines with missing and latest data points interpolated. Post Office Box 20706, Atlanta, GA, USA, 30320-6001. 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. Click here to check it out. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. using this site, you agree to the Terms of Service and Privacy Policy - UPDATED, IncomefromContinuedOperationsAnnualGrowth, Working You can manage your stock email alerts here. There are typically three primary documents that fall into the category of, Build portfolios using our predefined set of ideas and optimize them against your investing preferences. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. And the median was 0.63. To view Detail Information & Trends click on Individual Category. WBO:DAL has been successfully added to your Stock Email Alerts list. For this reason, the ratio excludes inventories from current assets. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. 2022 is calculated as, Delta Air Lines(WBO:DAL) Quick Ratio Explanation. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Delta Air Lines's Quick Ratio for the fiscal year that ended in Dec. 2021 is calculated as, Delta Air Lines's Quick Ratio for the quarter that ended in Jun. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. Capital Per Revenue, Compare DAL Financial Strength to its Competitors. Airline Stocks Are Plunging: Is Now the Right Time to Buy In? The correlation of Delta Air is a statistical measure of how it moves in relation to other equities. Note that "N/A" values will not show up in the chart. 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.