Norwegian Air Shuttle ASANWARF -4.62%71 Quick Ratio is 1.07 as of Mar. 2026, which is 16% above its 10-year median of 0.92. GuruFocus rates NWARF with a GF Score™ of 71/100 and a GF Value™ of $1.50 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,010 Transportation companies, Norwegian Air Shuttle ASA ranks worse than 64.06% on this metric.
Norwegian Air Shuttle ASA has a quick ratio of 1.07. It generally indicates good short-term financial strength.
The historical rank and industry rank for Norwegian Air Shuttle ASA's Quick Ratio or its related term are showing as below:
NWARF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.42 Med: 0.92 Max: 1.73
Current: 1.07
During the past 13 years, Norwegian Air Shuttle ASA's highest Quick Ratio was 1.73. The lowest was 0.42. And the median was 0.92.
NWARF's Quick Ratio is ranked worse than 64.06% of 1010
companies
in the Transportation industry
Industry Median: 1.37
vs NWARF: 1.07
Norwegian Air Shuttle ASA (OTCPK:NWARF) 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.
Norwegian Air Shuttle ASA Quick Ratio Related Terms
Norwegian Air Shuttle ASA 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, Norwegian Air Shuttle ASA'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.
Norwegian Air Shuttle ASA Quick Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Norwegian Air Shuttle ASA'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.
Norwegian Air Shuttle ASA'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.
Norwegian Air Shuttle ASA (NWARF) has a Quick Ratio of 1.07 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Norwegian Air Shuttle ASA and its competitors. This is 16% above median its historical median of 0.92. Over the past decade, Norwegian Air Shuttle ASA's Quick Ratio has ranged from 0.42 to 1.73. According to the industry distribution chart, Norwegian Air Shuttle ASA ranks #647 out of 1010 companies in the Transportation industry, placing it in the top 64.1%.
Is Norwegian Air Shuttle ASA's Quick Ratio too high?
Norwegian Air Shuttle ASA's current Quick Ratio of 1.07 is 16% above median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 1.73. The Transportation industry median Quick Ratio is 1.37. Norwegian Air Shuttle ASA's value of 1.07 is 21.9% below this industry median. Based on the distribution chart, Norwegian Air Shuttle ASA ranks #647 out of 1010 companies in the Transportation industry, which is below the industry midpoint. Overall, Norwegian Air Shuttle ASA has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Air Shuttle ASA's Quick Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Norwegian Air Shuttle ASA ranks #647 out of 1010 companies for Quick Ratio. This places Norwegian Air Shuttle ASA in the lower half of its industry. The industry median Quick Ratio is 1.37. Norwegian Air Shuttle ASA's value of 1.07 is 21.9% below this benchmark. Historically, Norwegian Air Shuttle ASA's own Quick Ratio has ranged from 0.42 to 1.73 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 1.37, Norwegian Air Shuttle ASA 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 1.37, 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. Norwegian Air Shuttle ASA's current Quick Ratio of 1.07 is 21.9% 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 Norwegian Air Shuttle ASA 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. Norwegian Air Shuttle ASA's current Quick Ratio is 1.07, which is 16% above median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norwegian Air Shuttle ASA stock overvalued right now?
Based on GuruFocus' analysis, Norwegian Air Shuttle ASA (NWARF) is currently considered Fairly Valued. The stock's GF Value™ is $1.50, compared to a current price of $1.55 — trading 3.3% above its estimated fair value. The current Quick Ratio is 1.07, which is 16% above median its 10-year median of 0.92 and 21.9% below the Transportation industry median of 1.37. Norwegian Air Shuttle ASA's overall GF Score™ is 71/100 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 Norwegian Air Shuttle ASA (NWARF), the current Quick Ratio is 1.07 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 Norwegian Air Shuttle ASA (NWARF) Overvalued in 2026?
Based on GuruFocus' analysis, Norwegian Air Shuttle ASA stock appears to be overvalued.
The current stock price of $1.55 is trading 3.3% above its estimated GF Value™ of $1.50.
GuruFocus considers Norwegian Air Shuttle ASA to be Fairly Valued.
Key valuation signals for NWARF:
Quick Ratio: 1.07 (16% above median its 10-year median of 0.92)
GF Value™: $1.50 vs. price of $1.55 (3.3% above fair value)
Industry Position: 21.9% below the Transportation median (#647 of 1010)
No single metric tells the full story. See the NWARF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norwegian Air Shuttle ASA is an airline that operates short-haul flights across the Nordic countries and to destinations in Europe. The company has organized its operations into four functional business areas, including Commercial, Operations, Wideroe and Support Functions. With over three hundred routes in its network, Norwegian Air Shuttle provides passengers with quality flights at affordable fares. The company's focus is on low-cost air travel for passengers, and it believes in offering friendly and helpful service while maintaining operational excellence.
71GF Score
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