Current Assets
Total Current Assets
Southwest Airlines Total Current Assets increased by 5.7% to $5.97B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 44.4%, from $10.73B to $5.97B. Over 5 years (FY 2020 to FY 2025), Total Current Assets shows a downward trend with a -17.9% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryLiquidity
SignalHigher is better
VolatilityStable
First reportedQ4 2014
Last reportedQ1 2026Apr 23, 2026
How to read this metric
Higher levels indicate stronger short-term liquidity, though excessive levels may suggest inefficient capital allocation.
Detailed definition
The sum of all assets that are expected to be converted into cash or consumed within one year. This provides a snapshot...
Peer comparison
Compared against current liabilities to determine the current ratio, a standard measure of short-term financial health.
Metric ID:
total_current_assetsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $19.19B | $18.55B | $18.04B | $18.82B | $19.40B | $16.42B | $14.81B | $14.27B | $14.66B | $14.63B | $13.96B | $13.28B | $12.75B | $11.93B | $11.27B | $10.73B | $6.09B | $5.40B | $5.65B | $5.97B |
| QoQ Change | — | -3.3% | -2.8% | +4.4% | +3.0% | -15.4% | -9.8% | -3.6% | +2.7% | -0.2% | -4.6% | -4.8% | -4.0% | -6.4% | -5.5% | -4.8% | -43.2% | -11.4% | +4.6% | +5.7% |
| YoY Change | — | — | — | — | +1.1% | -11.5% | -17.9% | -24.2% | -24.4% | -10.9% | -5.8% | -7.0% | -13.0% | -18.5% | -19.2% | -19.2% | -52.2% | -54.8% | -49.9% | -44.4% |
Range$5.40B – $19.40B
CAGR-21.8%
Avg YoY Growth-23.2%
Median YoY Growth-18.8%
Current Streak2 quarters growth
Total Current Assets at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's total current assets?
- Southwest Airlines (LUV) reported total current assets of $5.97B in Q1 2026.
- How has Southwest Airlines's total current assets changed year-over-year?
- Southwest Airlines's total current assets decreased by 44.4% year-over-year, from $10.73B to $5.97B.
- What is the long-term trend for Southwest Airlines's total current assets?
- Over 5 years (2020 to 2025), Southwest Airlines's total current assets has grown at a -17.9% compound annual growth rate (CAGR), from $15.17B to $5.65B.
- What does total current assets mean?
- The total value of all assets that can be turned into cash within one year.