Air Industries Group has a quick ratio of 0.33. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Air Industries Group's Quick Ratio or its related term are showing as below:
AIRI'
s Quick Ratio Range Over the Past 10 Years
Min: 0.29 Med: 0.43 Max: 0.55
Current: 0.33
During the past 13 years, Air Industries Group's highest Quick Ratio was 0.55. The lowest was 0.29. And the median was 0.43.
AIRI's Quick Ratio is ranked worse than 95.51% of 312
companies
in the Aerospace & Defense industry
Industry Median: 1.09
vs AIRI: 0.33
Air Industries Group Quick Ratio Historical Data
The historical data trend for Air Industries Group'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 Industries Group's Quick Ratio
For the Aerospace & Defense subindustry, Air Industries Group'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 Industries Group's Quick Ratio Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Air Industries Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Air Industries Group's Quick Ratio falls into.
Air Industries Group 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 Industries Group'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 Industries Group (AMEX:AIRI) 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 Industries Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Air Industries Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Air Industries Group (Air Industries Group) Business Description
Air Industries Group is an aerospace and defense company. Its manufactures and designs structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components. The company also provides sheet metal fabrication of aerostructures, tube bending, and welding services. It reports into two segments namely Complex Machining, and Turbine Engine Components.
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