Finnair Oyj has a Cash Ratio of 0.62. 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 Finnair Oyj's Cash Ratio or its related term are showing as below:
STU:FAI0'
s Cash Ratio Range Over the Past 10 Years
Min: 0.46 Med: 0.85 Max: 1.61
Current: 0.62
During the past 13 years, Finnair Oyj's highest Cash Ratio was 1.61. The lowest was 0.46. And the median was 0.85.
STU:FAI0's Cash Ratio is ranked better than 56.01% of 957
companies
in the Transportation industry
Industry Median: 0.51
vs STU:FAI0: 0.62
Finnair Oyj Cash Ratio Historical Data
The historical data trend for Finnair Oyj'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 Finnair Oyj's Cash Ratio
For the Airlines subindustry, Finnair Oyj'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.
Finnair Oyj's Cash Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Finnair Oyj's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Finnair Oyj's Cash Ratio falls into.
Finnair Oyj Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Finnair Oyj's Cash 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.
Finnair Oyj (STU:FAI0) 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.
Finnair Oyj Cash Ratio Related Terms
Thank you for viewing the detailed overview of Finnair Oyj's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Finnair Oyj is a Finland-based airline company that provides air transport operations and supporting services. The company is engaged in delivering services for scheduled passenger and charter traffic as well as cargo sales, customer service and service concepts, flight operations, and activities connected with the procurement and financing of aircraft. The company also provides travel services which consist of travel agency operations as well as tour operations and travel sector software business operations. Its travel services provide various traveling packages to customers through its travel operators and travel agencies, also its support services include catering services, Aircraft maintenance, ground handling, and Airline training.
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