Thai Airways International PCL has a Cash Ratio of 1.62. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Thai Airways International PCL's Cash Ratio or its related term are showing as below:
BKK:THAI-R'
s Cash Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.23 Max: 1.67
Current: 1.62
During the past 13 years, Thai Airways International PCL's highest Cash Ratio was 1.67. The lowest was 0.03. And the median was 0.23.
BKK:THAI-R's Cash Ratio is ranked better than 82.23% of 996
companies
in the Transportation industry
Industry Median: 0.52
vs BKK:THAI-R: 1.62
Thai Airways International PCL (BKK:THAI-R) 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.
Thai Airways International PCL Cash Ratio Related Terms
Thai Airways International PCL Cash Ratio Historical Data
* 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.
BKK:THAI-R vs DAL, UAL, LUV: Cash Ratio Comparison
For the Airlines subindustry, Thai Airways International PCL'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.
Thai Airways International PCL Cash Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Thai Airways International PCL's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Thai Airways International PCL's Cash Ratio falls into.
* 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.
Thai Airways International PCL (BKK:THAI-R) has a Cash Ratio of 1.62 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Thai Airways International PCL and its competitors. This is 604% above median its historical median of 0.23. Over the past decade, Thai Airways International PCL's Cash Ratio has ranged from 0.03 to 1.67. According to the industry distribution chart, Thai Airways International PCL ranks #177 out of 996 companies in the Transportation industry, placing it in the top 17.8%.
Is Thai Airways International PCL's Cash Ratio too high?
Thai Airways International PCL's current Cash Ratio of 1.62 is 604% above median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 1.67. The Transportation industry median Cash Ratio is 0.52. Thai Airways International PCL's value of 1.62 is 211.5% above this industry median. Based on the distribution chart, Thai Airways International PCL ranks #177 out of 996 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Airways International PCL has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Thai Airways International PCL's Cash Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Thai Airways International PCL ranks #177 out of 996 companies for Cash Ratio. This places Thai Airways International PCL in the top 18% of its industry — outperforming the majority of peers. The industry median Cash Ratio is 0.52. Thai Airways International PCL's value of 1.62 is 211.5% above this benchmark. Historically, Thai Airways International PCL's own Cash Ratio has ranged from 0.03 to 1.67 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.52, Thai Airways International PCL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Transportation company?
The median Cash Ratio among Transportation companies is 0.52, based on 996 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thai Airways International PCL's current Cash Ratio of 1.62 is 211.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Thai Airways International PCL and its competitors. For the Transportation industry, the median Cash Ratio is 0.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Airways International PCL's current Cash Ratio is 1.62, which is 604% above median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Airways International PCL stock overvalued right now?
Thai Airways International PCL (BKK:THAI-R) has a current Cash Ratio of 1.62. The stock's GF Value™ is ฿0.33, compared to a current price of ฿6.00 — trading 1718.2% above its estimated fair value. The current Cash Ratio is 1.62, which is 604% above median its 10-year median of 0.23 and 211.5% above the Transportation industry median of 0.52. Thai Airways International PCL's overall GF Score™ is 37/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Thai Airways International PCL (BKK:THAI-R), the current Cash Ratio is 1.62 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Thai Airways International PCL (BKK:THAI-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Airways International PCL stock appears to be overvalued.
The current stock price of ฿6.00 is trading 1718.2% above its estimated GF Value™ of ฿0.33.
Key valuation signals for BKK:THAI-R:
Cash Ratio: 1.62 (604% above median its 10-year median of 0.23)
GF Value™: ฿0.33 vs. price of ฿6.00 (1718.2% above fair value)
Industry Position: 211.5% above the Transportation median (#177 of 996)
No single metric tells the full story. See the BKK:THAI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Airways International PCL Business Description
Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company segments are Air Transport, Business Units, and Others. The air transport business focuses on the transportation of passengers, cargo, and mail, and utilizes scheduled and chartered flights to domestic and international destinations. The business units segment ensures all flights reach their destination on time and at the correct location, and offers support with cargo terminal handling, group equipment services, and catering services. The other segments include the sale of duty-free goods, the sale of souvenir products from the maintenance division, and the operation of subsidiaries. The majority of revenue originates from Asia from Air Transport.
37GF Score
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