The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Air Astana JSC's quick ratio for the quarter that ended in Dec. 2023 was 0.76.
Air Astana JSC has a quick ratio of 0.76. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Air Astana JSC's Quick Ratio or its related term are showing as below:
LSE:AIRA'
s Quick Ratio Range Over the Past 10 Years
Min: 0.7 Med: 0.77 Max: 0.79
Current: 0.76
During the past 4 years, Air Astana JSC's highest Quick Ratio was 0.79. The lowest was 0.70. And the median was 0.77.
LSE:AIRA's Quick Ratio is ranked worse than 77.6% of 982
companies
in the Transportation industry
Industry Median: 1.25
vs LSE:AIRA: 0.76
Air Astana JSC Quick Ratio Historical Data
The historical data trend for Air Astana JSC'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 Air Astana JSC's Quick Ratio
For the Airlines subindustry, Air Astana JSC'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.
Air Astana JSC's Quick Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Air Astana JSC's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Air Astana JSC's Quick Ratio falls into.
Air Astana JSC 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.
Air Astana JSC'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.
Air Astana JSC (LSE:AIRA) 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.
Air Astana JSC Quick Ratio Related Terms
Thank you for viewing the detailed overview of Air Astana JSC's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Air Astana JSC is an airline company. It provides scheduled, point-to-point and transit, short-haul and long-haul air travel and cargo on domestic, intra-regional, and international routes across Central Asia, the Caucasus, Europe (including Turkey), the Middle East and Asia (including India and China) and has a fleet of 47 aircraft. The company group has two operating segments, Air Astana and FlyArystan. Air Astana's activities consist of mainly domestic and international passenger and cargo air transportation as a full-service brand. Fly Arystan activities consist of mainly domestic and international passenger and cargo air transportation as a low-cost brand. Maximum revenue is generated from the Air Astana segment.
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