Philly Shipyard ASA has a quick ratio of 19.00. It generally indicates good short-term financial strength.
The historical rank and industry rank for Philly Shipyard ASA's Quick Ratio or its related term are showing as below:
AKRRF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.33 Med: 1.04 Max: 49.87
Current: 19
During the past 13 years, Philly Shipyard ASA's highest Quick Ratio was 49.87. The lowest was 0.33. And the median was 1.04.
AKRRF's Quick Ratio is not ranked
in the Aerospace & Defense industry.
Industry Median: 1.295
vs AKRRF: 19.00
Philly Shipyard ASA (OTCPK:AKRRF) 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.
Philly Shipyard ASA Quick Ratio Related Terms
Philly Shipyard ASA Quick Ratio Historical Data
* Premium members only.
The historical data trend for Philly Shipyard ASA'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.
For the Aerospace & Defense subindustry, Philly Shipyard ASA'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.
Philly Shipyard ASA Quick Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Philly Shipyard ASA's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Philly Shipyard ASA's Quick Ratio falls into.
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.
Philly Shipyard ASA's Quick Ratio for the fiscal year that ended in Dec. 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.
Philly Shipyard ASA (AKRRF) has a Quick Ratio of 19.00 as of Jun. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Philly Shipyard ASA and its competitors. This is 1727% above median its historical median of 1.04. Over the past decade, Philly Shipyard ASA's Quick Ratio has ranged from 0.33 to 49.87.
Is Philly Shipyard ASA's Quick Ratio too high?
Philly Shipyard ASA's current Quick Ratio of 19.00 is 1727% above median its 10-year median of 1.04. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 49.87. The Aerospace & Defense industry median Quick Ratio is 1.30. Philly Shipyard ASA's value of 19.00 is 1367.2% above this industry median. Overall, Philly Shipyard ASA has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Philly Shipyard ASA's Quick Ratio compare to AIRI and KITT?
Philly Shipyard ASA's Quick Ratio of 19.00 can be compared against companies in the Aerospace & Defense industry. The industry median Quick Ratio is 1.30. Philly Shipyard ASA's value of 19.00 is 1367.2% above this benchmark. Historically, Philly Shipyard ASA's own Quick Ratio has ranged from 0.33 to 49.87 over the past decade. While the company's 10-year median is 1.04 vs. the industry median of 1.30, Philly Shipyard ASA 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 Quick Ratio for an Aerospace & Defense company?
The median Quick Ratio among Aerospace & Defense companies is 1.30, based on 358 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Philly Shipyard ASA's current Quick Ratio of 19.00 is 1367.2% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Philly Shipyard ASA and its competitors. For the Aerospace & Defense industry, the median Quick Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Philly Shipyard ASA's current Quick Ratio is 19.00, which is 1727% above median its own 10-year median of 1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Philly Shipyard ASA stock overvalued right now?
Philly Shipyard ASA (AKRRF) has a current Quick Ratio of 19.00. The current Quick Ratio is 19.00, which is 1727% above median its 10-year median of 1.04 and 1367.2% above the Aerospace & Defense industry median of 1.30. Philly Shipyard ASA's overall GF Score™ is 45/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Philly Shipyard ASA (AKRRF), the current Quick Ratio is 19.00 as of Jun. 2025. 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.
Philly Shipyard ASA operates as a commercial shipyard that constructs vessels for operation in the Jones Act market. It is engaged in delivering vessels and services under contract to customers.
45GF Score
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