El AL Israel Airlines has a quick ratio of 0.90. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for El AL Israel Airlines's Quick Ratio or its related term are showing as below:
ELALF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.44 Max: 0.9
Current: 0.9
During the past 13 years, El AL Israel Airlines's highest Quick Ratio was 0.90. The lowest was 0.09. And the median was 0.44.
ELALF's Quick Ratio is ranked worse than 73.43% of 986
companies
in the Transportation industry
Industry Median: 1.31
vs ELALF: 0.90
El AL Israel Airlines Quick Ratio Historical Data
The historical data trend for El AL Israel Airlines'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.
Competitive Comparison of El AL Israel Airlines's Quick Ratio
For the Airlines subindustry, El AL Israel Airlines'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.
El AL Israel Airlines's Quick Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, El AL Israel Airlines's Quick Ratio distribution charts can be found below:
* The bar in red indicates where El AL Israel Airlines'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.
El AL Israel Airlines'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.
El AL Israel Airlines (OTCPK:ELALF) 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.
El AL Israel Airlines Quick Ratio Related Terms
Thank you for viewing the detailed overview of El AL Israel Airlines's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
El AL Israel Airlines Ltd is an international airline company which provides air transportation of passengers and cargo in Israel and overseas, by means of passenger aircraft and cargo aircraft. The company's passenger aircraft mainly operate scheduled flights as well as charter flights. The group is engaged in activities related to the air transport operations, such as the sale of duty-free products, food production, and supply mainly to the company's aircraft, providing security services, ongoing maintenance services and overall maintenance services to aircraft of other airlines at Ben Gurion Airport, and managing travel agencies abroad. The reporting segments of the company are air transport on passenger aircraft, and air transport on cargo plane.
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