Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Icelandair Group hfLTS:0ERU 51 Quick Ratio is 0.77 as of Mar. 2026, which is 3% above its 10-year median of 0.75. GuruFocus rates LTS:0ERU with a GF Score™ of 51/100 and a GF Value™ of kr10.40. The stock has 2 warning signs investors should review. Among 1,005 Transportation companies, Icelandair Group hf ranks worse than 78.91% on this metric.
Icelandair Group hf has a quick ratio of 0.77. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Icelandair Group hf's Quick Ratio or its related term are showing as below:
LTS:0ERU'
s Quick Ratio Range Over the Past 10 Years
Min: 0.4 Med: 0.75 Max: 0.98
Current: 0.77
During the past 13 years, Icelandair Group hf's highest Quick Ratio was 0.98. The lowest was 0.40. And the median was 0.75.
LTS:0ERU's Quick Ratio is ranked worse than 78.91% of 1005
companies
in the Transportation industry
Industry Median: 1.34
vs LTS:0ERU: 0.77
Icelandair Group hf (LTS:0ERU) 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.
Icelandair Group hf Quick Ratio Related Terms
Icelandair Group hf Quick Ratio Historical Data
* Premium members only.
The historical data trend for Icelandair Group hf'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, Icelandair Group hf'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.
Icelandair Group hf Quick Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Icelandair Group hf's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Icelandair Group hf'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.
Icelandair Group hf'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.
Icelandair Group hf (LTS:0ERU) has a Quick Ratio of 0.77 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Icelandair Group hf and its competitors. This is near median its historical median of 0.75. Over the past decade, Icelandair Group hf's Quick Ratio has ranged from 0.40 to 0.98. According to the industry distribution chart, Icelandair Group hf ranks #793 out of 1005 companies in the Transportation industry, placing it in the top 78.9%.
Is Icelandair Group hf's Quick Ratio too high?
Icelandair Group hf's current Quick Ratio of 0.77 is near median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 0.98. The Transportation industry median Quick Ratio is 1.34. Icelandair Group hf's value of 0.77 is 42.5% below this industry median. Based on the distribution chart, Icelandair Group hf ranks #793 out of 1005 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Icelandair Group hf has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Icelandair Group hf's Quick Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Icelandair Group hf ranks #793 out of 1005 companies for Quick Ratio. This places Icelandair Group hf in the lower half of its industry. The industry median Quick Ratio is 1.34. Icelandair Group hf's value of 0.77 is 42.5% below this benchmark. Historically, Icelandair Group hf's own Quick Ratio has ranged from 0.40 to 0.98 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 1.34, Icelandair Group hf 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. Icelandair Group hf's current Quick Ratio of 0.77 is 42.5% 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 Icelandair Group hf 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. Icelandair Group hf's current Quick Ratio is 0.77, which is near median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icelandair Group hf stock overvalued right now?
Icelandair Group hf (LTS:0ERU) has a current Quick Ratio of 0.77. The stock's GF Value™ is kr10.40, compared to a current price of kr5.87 — trading 43.6% below its estimated fair value. The current Quick Ratio is 0.77, which is near median its 10-year median of 0.75 and 42.5% below the Transportation industry median of 1.34. Icelandair Group hf's overall GF Score™ is 51/100 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 Icelandair Group hf (LTS:0ERU), the current Quick Ratio is 0.77 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 Icelandair Group hf (LTS:0ERU) Overvalued in 2026?
Based on GuruFocus' analysis, Icelandair Group hf stock appears to be undervalued.
The current stock price of kr5.87 is trading 43.6% below its estimated GF Value™ of kr10.40.
Key valuation signals for LTS:0ERU:
Quick Ratio: 0.77 (near median its 10-year median of 0.75)
GF Value™: kr10.40 vs. price of kr5.87 (43.6% below fair value)
Industry Position: 42.5% below the Transportation median (#793 of 1005)
No single metric tells the full story. See the LTS:0ERU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Icelandair Group hf operates in the international airline sector. Its segment is the Route network, which generates maximum revenue and provides passenger air travel to, from, via, and within Iceland. The Cargo operation offers air-freight services to, from, via, and within Iceland by utilizing capacity within the aircraft of the Icelandair passenger network as well as its own freighter and The Leasing operation, provided by Loftleioir-Icelandic ehf., offers aircraft leasing and consulting services to international passenger airlines and tour operators. The Group operates in North America, which generates maximum revenue, as well as Europe, Iceland, and other regions.
51GF Score
Get the complete analysis for LTS:0ERU
Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LTS:0ERU has been successfully added to your 
