AIRA Capital PCL has a quick ratio of 1.34. It generally indicates good short-term financial strength.
The historical rank and industry rank for AIRA Capital PCL's Quick Ratio or its related term are showing as below:
BKK:AIRA-F'
s Quick Ratio Range Over the Past 10 Years
Min: 1.18 Med: 1.51 Max: 2.06
Current: 1.34
During the past 11 years, AIRA Capital PCL's highest Quick Ratio was 2.06. The lowest was 1.18. And the median was 1.51.
BKK:AIRA-F's Quick Ratio is ranked worse than 68.52% of 667
companies
in the Capital Markets industry
Industry Median: 2.05
vs BKK:AIRA-F: 1.34
AIRA Capital PCL Quick Ratio Historical Data
The historical data trend for AIRA Capital PCL'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.
Competitive Comparison of AIRA Capital PCL's Quick Ratio
For the Capital Markets subindustry, AIRA Capital PCL'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.
AIRA Capital PCL's Quick Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, AIRA Capital PCL's Quick Ratio distribution charts can be found below:
* The bar in red indicates where AIRA Capital PCL's Quick Ratio falls into.
AIRA Capital PCL Quick Ratio Calculation
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.
AIRA Capital PCL's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
AIRA Capital PCL (BKK:AIRA-F) Quick Ratio Explanation
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.
AIRA Capital PCL Quick Ratio Related Terms
Thank you for viewing the detailed overview of AIRA Capital PCL's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
AIRA Capital PCL (BKK:AIRA-F) Business Description
AIRA Capital PCL is an investment firm providing a range of financial products under the approved licenses. It operates with five business segments namely Securities and investment business segment, which services a securities and derivatives brokerage, securities trading and investment; Advisory and investment banking segment, which services an investment and financial advisory, underwriting and private fund management; Factoring segment, which purchases account receivables; Rental and service business segment, which engages in finance lease, hire purchase and operating lease for industrial equipment and machines and property development which involves the development of properties. It derives majority income from brokerage fees, management fees and interest and dividends on investment.
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