Firefly AerospaceFLY +3.78%12 Current Ratio is 2.53 as of Mar. 2026, which is 59% above its 10-year median of 1.59. GuruFocus rates FLY with a GF Score™ of 12/100. The stock has 2 warning signs investors should review. Among 357 Aerospace & Defense companies, Firefly Aerospace ranks better than 65.55% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Firefly Aerospace's current ratio for the quarter that ended in Mar. 2026 was 2.53.
Firefly Aerospace has a current ratio of 2.53. It generally indicates good short-term financial strength.
The historical rank and industry rank for Firefly Aerospace's Current Ratio or its related term are showing as below:
FLY'
s Current Ratio Range Over the Past 10 Years
Min: 1.01 Med: 1.59 Max: 6.2
Current: 2.53
During the past 3 years, Firefly Aerospace's highest Current Ratio was 6.20. The lowest was 1.01. And the median was 1.59.
FLY's Current Ratio is ranked better than 65.55% of 357
companies
in the Aerospace & Defense industry
Industry Median: 1.93
vs FLY: 2.53
Firefly Aerospace (NAS:FLY) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Firefly Aerospace Current Ratio Related Terms
Firefly Aerospace Current Ratio Historical Data
* Premium members only.
The historical data trend for Firefly Aerospace's Current 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.
For the Aerospace & Defense subindustry, Firefly Aerospace's Current Ratio, along with its competitors' market caps and Current 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.
Firefly Aerospace Current Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Firefly Aerospace's Current Ratio distribution charts can be found below:
* The bar in red indicates where Firefly Aerospace's Current 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.
Firefly Aerospace (FLY) has a Current Ratio of 2.53 as of Mar. 2026. This is 59% above median its historical median of 1.59. Over the past decade, Firefly Aerospace's Current Ratio has ranged from 1.01 to 6.20. According to the industry distribution chart, Firefly Aerospace ranks #123 out of 357 companies in the Aerospace & Defense industry, placing it in the top 34.5%.
Is Firefly Aerospace's Current Ratio too high?
Firefly Aerospace's current Current Ratio of 2.53 is 59% above median its 10-year median of 1.59. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 6.20. The Aerospace & Defense industry median Current Ratio is 1.93. Firefly Aerospace's value of 2.53 is 31.1% above this industry median. Based on the distribution chart, Firefly Aerospace ranks #123 out of 357 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Firefly Aerospace has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Firefly Aerospace's Current Ratio compare to KRMN and LUNR?
According to the Aerospace & Defense industry distribution chart, Firefly Aerospace ranks #123 out of 357 companies for Current Ratio. This puts Firefly Aerospace in the upper half of its industry. The industry median Current Ratio is 1.93. Firefly Aerospace's value of 2.53 is 31.1% above this benchmark. Historically, Firefly Aerospace's own Current Ratio has ranged from 1.01 to 6.20 over the past decade. While the company's 10-year median is 1.59 vs. the industry median of 1.93, Firefly Aerospace 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 Current Ratio for an Aerospace & Defense company?
The median Current Ratio among Aerospace & Defense companies is 1.93, based on 357 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Firefly Aerospace's current Current Ratio of 2.53 is 31.1% 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 Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median Current Ratio is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firefly Aerospace's current Current Ratio is 2.53, which is 59% above median its own 10-year median of 1.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firefly Aerospace stock overvalued right now?
Firefly Aerospace (FLY) has a current Current Ratio of 2.53. The current Current Ratio is 2.53, which is 59% above median its 10-year median of 1.59 and 31.1% above the Aerospace & Defense industry median of 1.93. Firefly Aerospace's overall GF Score™ is 12/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Firefly Aerospace (FLY), the current Current Ratio is 2.53 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.
Firefly Aerospace Inc is a space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers. The company develops and provides space and defense technologies, including launch vehicles and spacecraft systems, supporting launch, transit, and in-orbit operations for government, commercial, and national security customers. It has only one operating segment. The majority of the company's revenue is derived from Spacecraft Solutions.
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