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The Arab International Co for Education & Investment (AMM:AIEI) Quick Ratio : 0.72 (As of Mar. 2024)


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What is The Arab International Co for Education & Investment Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. The Arab International Co for Education & Investment's quick ratio for the quarter that ended in Mar. 2024 was 0.72.

The Arab International Co for Education & Investment has a quick ratio of 0.72. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for The Arab International Co for Education & Investment's Quick Ratio or its related term are showing as below:

AMM:AIEI' s Quick Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.51   Max: 0.92
Current: 0.72

During the past 13 years, The Arab International Co for Education & Investment's highest Quick Ratio was 0.92. The lowest was 0.29. And the median was 0.51.

AMM:AIEI's Quick Ratio is ranked worse than
75.94% of 266 companies
in the Education industry
Industry Median: 1.255 vs AMM:AIEI: 0.72

The Arab International Co for Education & Investment Quick Ratio Historical Data

The historical data trend for The Arab International Co for Education & Investment'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.

* Premium members only.

The Arab International Co for Education & Investment Quick Ratio Chart

The Arab International Co for Education & Investment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.69 0.87 0.46 0.65

The Arab International Co for Education & Investment Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.78 0.68 0.61 0.65 0.72

Competitive Comparison of The Arab International Co for Education & Investment's Quick Ratio

For the Education & Training Services subindustry, The Arab International Co for Education & Investment'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.


The Arab International Co for Education & Investment's Quick Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, The Arab International Co for Education & Investment's Quick Ratio distribution charts can be found below:

* The bar in red indicates where The Arab International Co for Education & Investment's Quick Ratio falls into.



The Arab International Co for Education & Investment Quick Ratio Calculation

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.

The Arab International Co for Education & Investment's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(16.333-0.495)/24.221
=0.65

The Arab International Co for Education & Investment's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(16.755-0)/23.307
=0.72

* 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.


The Arab International Co for Education & Investment  (AMM:AIEI) 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.


The Arab International Co for Education & Investment Quick Ratio Related Terms

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The Arab International Co for Education & Investment (AMM:AIEI) Business Description

Traded in Other Exchanges
N/A
Address
Al Arab Street 21, P.O.Box 166, Amman, JOR, 11931
The Arab International Co for Education & Investment PLC is engaged in establishing a private university. The company through Applied Science Private University provides educational services to local and international students.

The Arab International Co for Education & Investment (AMM:AIEI) Headlines

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