Airports Of Thailand has a Cash Ratio of 0.79. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Airports Of Thailand's Cash Ratio or its related term are showing as below:
BKK:AOT'
s Cash Ratio Range Over the Past 10 Years
Min: 0.26 Med: 2.86 Max: 3.26
Current: 0.79
During the past 13 years, Airports Of Thailand's highest Cash Ratio was 3.26. The lowest was 0.26. And the median was 2.86.
BKK:AOT's Cash Ratio is ranked better than 65.38% of 956
companies
in the Transportation industry
Industry Median: 0.51
vs BKK:AOT: 0.79
Airports Of Thailand Cash Ratio Historical Data
The historical data trend for Airports Of Thailand's Cash 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 Airports Of Thailand's Cash Ratio
For the Airports & Air Services subindustry, Airports Of Thailand's Cash Ratio, along with its competitors' market caps and Cash 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.
Airports Of Thailand's Cash Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Airports Of Thailand's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Airports Of Thailand's Cash Ratio falls into.
Airports Of Thailand Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Airports Of Thailand's Cash Ratio for the fiscal year that ended in Sep. 2024 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.
Airports Of Thailand (BKK:AOT) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Airports Of Thailand Cash Ratio Related Terms
Thank you for viewing the detailed overview of Airports Of Thailand's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Airports Of Thailand PLC operates airports and provides services related to air transportation. Its airports, located in Thailand, serve both domestic and international flights. The company operates in various business segments such as airport management business, hotel business, ground aviation services, security business, and manages projects on perishable goods. The majority of its revenue is derived from its airport management business under which it generates income mainly from two categories of services: aeronautical and nonaeronautical. Aeronautical revenue is associated with air traffic, including landing and parking charges, and passenger and aircraft service charges. Nonaeronautical revenue is generated from office and state property rents.
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