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Asia Aviation PCLBKK:AAV 65 Quick Ratio is 0.61 as of Mar. 2026, which is 33% above its 10-year median of 0.46. GuruFocus rates BKK:AAV with a GF Score™ of 65/100 and a GF Value™ of ฿2.18 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,005 Transportation companies, Asia Aviation PCL ranks worse than 85.67% on this metric.
Asia Aviation PCL has a quick ratio of 0.61. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Asia Aviation PCL's Quick Ratio or its related term are showing as below:
BKK:AAV'
s Quick Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.46 Max: 1.19
Current: 0.61
During the past 13 years, Asia Aviation PCL's highest Quick Ratio was 1.19. The lowest was 0.06. And the median was 0.46.
BKK:AAV's Quick Ratio is ranked worse than 85.67% of 1005
companies
in the Transportation industry
Industry Median: 1.34
vs BKK:AAV: 0.61
Asia Aviation PCL (BKK:AAV) 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.
Asia Aviation PCL Quick Ratio Related Terms
Asia Aviation PCL Quick Ratio Historical Data
* Premium members only.
The historical data trend for Asia Aviation PCL'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 Airlines subindustry, Asia Aviation PCL'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.
Asia Aviation PCL Quick Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Asia Aviation PCL's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Asia Aviation PCL'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.
Asia Aviation PCL's Quick Ratio for the fiscal year that ended in Dec. 2025 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.
Asia Aviation PCL (BKK:AAV) has a Quick Ratio of 0.61 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Asia Aviation PCL and its competitors. This is 33% above median its historical median of 0.46. Over the past decade, Asia Aviation PCL's Quick Ratio has ranged from 0.06 to 1.19. According to the industry distribution chart, Asia Aviation PCL ranks #861 out of 1005 companies in the Transportation industry, placing it in the top 85.7%.
Is Asia Aviation PCL's Quick Ratio too high?
Asia Aviation PCL's current Quick Ratio of 0.61 is 33% above median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 1.19. The Transportation industry median Quick Ratio is 1.34. Asia Aviation PCL's value of 0.61 is 54.5% below this industry median. Based on the distribution chart, Asia Aviation PCL ranks #861 out of 1005 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Asia Aviation PCL has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asia Aviation PCL's Quick Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Asia Aviation PCL ranks #861 out of 1005 companies for Quick Ratio. This places Asia Aviation PCL in the lower half of its industry. The industry median Quick Ratio is 1.34. Asia Aviation PCL's value of 0.61 is 54.5% below this benchmark. Historically, Asia Aviation PCL's own Quick Ratio has ranged from 0.06 to 1.19 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 1.34, Asia Aviation PCL has consistently been below 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 a Transportation company?
The median Quick Ratio among Transportation companies is 1.34, based on 1,005 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. Asia Aviation PCL's current Quick Ratio of 0.61 is 54.5% below 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 Asia Aviation PCL and its competitors. For the Transportation industry, the median Quick Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Aviation PCL's current Quick Ratio is 0.61, which is 33% above median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Aviation PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Aviation PCL (BKK:AAV) is currently considered Possible Value Trap. The stock's GF Value™ is ฿2.18, compared to a current price of ฿1.07 — trading 50.9% below its estimated fair value. The current Quick Ratio is 0.61, which is 33% above median its 10-year median of 0.46 and 54.5% below the Transportation industry median of 1.34. Asia Aviation PCL's overall GF Score™ is 65/100 with 6 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 Asia Aviation PCL (BKK:AAV), the current Quick Ratio is 0.61 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 Asia Aviation PCL (BKK:AAV) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Aviation PCL stock appears to be undervalued.
The current stock price of ฿1.07 is trading 50.9% below its estimated GF Value™ of ฿2.18.
GuruFocus considers Asia Aviation PCL to be Possible Value Trap.
Key valuation signals for BKK:AAV:
Quick Ratio: 0.61 (33% above median its 10-year median of 0.46)
GF Value™: ฿2.18 vs. price of ฿1.07 (50.9% below fair value)
Industry Position: 54.5% below the Transportation median (#861 of 1005)
No single metric tells the full story. See the BKK:AAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressVibhavadee Rangsit Road, 3rd Floor, Central Office Building, Room No. 3200, 222, Don Mueang International Airport, Sanam Bin District, Don Mueang District, Bangkok, THA, 10210
Asia Aviation PCL is a holding company for Thai AirAsia Company Ltd that is engaged in investing in a low-fare airline business company. It has two reportable operating segments: Schedule flight operations and Chartered flight operations. The majority of the group's revenue is generated from the Schedule flight operations segment, which provides passenger air transportation services to routine destinations for scheduled flights. The group sells tickets through its distribution channels such as website, sales counter, travel agents, etc. The Chartered flight operations offer passenger air transportation services to non-routine destinations. Flights are operated when there is a booking from customers, normally tourist agency companies. Geographically, the group operates only in Thailand.
65GF Score
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