What is Thai Airways International PCL Quick Ratio?
Thai Airways International PCLBKK:THAI -0.81%37 Quick Ratio is 1.89 as of Mar. 2026, which is 232% above its 10-year median of 0.57. GuruFocus rates BKK:THAI with a GF Score™ of 37/100 and a GF Value™ of ฿0.35 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,010 Transportation companies, Thai Airways International PCL ranks better than 68.61% on this metric.
Thai Airways International PCL has a quick ratio of 1.89. It generally indicates good short-term financial strength.
The historical rank and industry rank for Thai Airways International PCL's Quick Ratio or its related term are showing as below:
BKK:THAI'
s Quick Ratio Range Over the Past 10 Years
Min: 0.05 Med: 0.57 Max: 1.91
Current: 1.89
During the past 13 years, Thai Airways International PCL's highest Quick Ratio was 1.91. The lowest was 0.05. And the median was 0.57.
BKK:THAI's Quick Ratio is ranked better than 68.61% of 1010
companies
in the Transportation industry
Industry Median: 1.37
vs BKK:THAI: 1.89
Thai Airways International PCL (BKK:THAI) 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.
Thai Airways International PCL Quick Ratio Related Terms
Thai Airways International PCL Quick Ratio Historical Data
* 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, Thai Airways International 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.
Thai Airways International PCL Quick Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Thai Airways International PCL's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Thai Airways International PCL's Quick Ratio falls into.
Thai Airways International PCL 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.
* 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.
Thai Airways International PCL (BKK:THAI) has a Quick Ratio of 1.89 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Thai Airways International PCL and its competitors. This is 232% above median its historical median of 0.57. Over the past decade, Thai Airways International PCL's Quick Ratio has ranged from 0.05 to 1.91. According to the industry distribution chart, Thai Airways International PCL ranks #317 out of 1010 companies in the Transportation industry, placing it in the top 31.4%.
Is Thai Airways International PCL's Quick Ratio too high?
Thai Airways International PCL's current Quick Ratio of 1.89 is 232% above median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 1.91. The Transportation industry median Quick Ratio is 1.37. Thai Airways International PCL's value of 1.89 is 38% above this industry median. Based on the distribution chart, Thai Airways International PCL ranks #317 out of 1010 companies in the Transportation industry, which is above the industry midpoint. Overall, Thai Airways International PCL has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Airways International PCL's Quick Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Thai Airways International PCL ranks #317 out of 1010 companies for Quick Ratio. This puts Thai Airways International PCL in the upper half of its industry. The industry median Quick Ratio is 1.37. Thai Airways International PCL's value of 1.89 is 38% above this benchmark. Historically, Thai Airways International PCL's own Quick Ratio has ranged from 0.05 to 1.91 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 1.37, Thai Airways International PCL 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 a Transportation company?
The median Quick Ratio among Transportation companies is 1.37, based on 1,010 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. Thai Airways International PCL's current Quick Ratio of 1.89 is 38% 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 Thai Airways International PCL and its competitors. For the Transportation industry, the median Quick Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Airways International PCL's current Quick Ratio is 1.89, which is 232% above median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Airways International PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Airways International PCL (BKK:THAI) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.35, compared to a current price of ฿6.10 — trading 1642.9% above its estimated fair value. The current Quick Ratio is 1.89, which is 232% above median its 10-year median of 0.57 and 38% above the Transportation industry median of 1.37. Thai Airways International PCL's overall GF Score™ is 37/100 with 4 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 Thai Airways International PCL (BKK:THAI), the current Quick Ratio is 1.89 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 Thai Airways International PCL (BKK:THAI) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Airways International PCL stock appears to be overvalued.
The current stock price of ฿6.10 is trading 1642.9% above its estimated GF Value™ of ฿0.35.
GuruFocus considers Thai Airways International PCL to be Significantly Overvalued.
Key valuation signals for BKK:THAI:
Quick Ratio: 1.89 (232% above median its 10-year median of 0.57)
GF Value™: ฿0.35 vs. price of ฿6.10 (1642.9% above fair value)
Industry Position: 38% above the Transportation median (#317 of 1010)
No single metric tells the full story. See the BKK:THAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Airways International PCL Business Description
Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company segments are Air Transport, Business Units, and Others. The air transport business focuses on the transportation of passengers, cargo, and mail, and utilizes scheduled and chartered flights to domestic and international destinations. The business units segment ensures all flights reach their destination on time and at the correct location, and offers support with cargo terminal handling, group equipment services, and catering services. The other segments include the sale of duty-free goods, the sale of souvenir products from the maintenance division, and the operation of subsidiaries. The majority of revenue originates from Asia from Air Transport.
37GF Score
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