PREM (Premier Air Charter Holdings) Quick Ratio: 0.00 (As of Dec. 2024)


What is Premier Air Charter Holdings Quick Ratio?

Premier Air Charter Holdings PREM Quick Ratio is 0.00 as of Dec. 2024.

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Premier Air Charter Holdings's quick ratio for the quarter that ended in Dec. 2024 was 0.00.

Premier Air Charter Holdings has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Premier Air Charter Holdings's Quick Ratio or its related term are showing as below:

PREM's Quick Ratio is not ranked *
in the Transportation industry.
Industry Median: 1.37
* Ranked among companies with meaningful Quick Ratio only.

Premier Air Charter Holdings  (OTCPK:PREM) 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.

Premier Air Charter Holdings Quick Ratio Related Terms

Premier Air Charter Holdings Quick Ratio Historical Data

* Premium members only.

The historical data trend for Premier Air Charter Holdings'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.

Premier Air Charter Holdings Quick Ratio Chart

Premier Air Charter Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.04 0.46 1.06 0.20

Premier Air Charter Holdings Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.06 0.05 0.00 0.00

PREM vs CISS, TLSS, APSI: Quick Ratio Comparison

For the Airlines subindustry, Premier Air Charter Holdings'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.

Premier Air Charter Holdings Quick Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Premier Air Charter Holdings's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Premier Air Charter Holdings's Quick Ratio falls into.


Premier Air Charter Holdings 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.

Premier Air Charter Holdings's Quick Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Quick Ratio (A: Mar. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.037-0)/0.183
=0.20

Premier Air Charter Holdings's Quick Ratio for the quarter that ended in Dec. 2024 is calculated as

Quick Ratio (Q: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0-0)/0.261
=0.00

* 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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 0.00 mean?
Premier Air Charter Holdings (PREM) has a Quick Ratio of 0.00 as of Dec. 2024. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Premier Air Charter Holdings and its competitors.
Is Premier Air Charter Holdings' Quick Ratio too high?
Premier Air Charter Holdings' current Quick Ratio is 0.00.
How does Premier Air Charter Holdings' Quick Ratio compare to CISS and TLSS?
Premier Air Charter Holdings' Quick Ratio of 0.00 can be compared against companies in the Transportation industry. The industry median Quick Ratio is 1.37. 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. 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 Premier Air Charter Holdings 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. Premier Air Charter Holdings's current Quick Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Premier Air Charter Holdings stock overvalued right now?
Premier Air Charter Holdings (PREM) has a current Quick Ratio of 0.00. The current Quick Ratio is 0.00. 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 Premier Air Charter Holdings (PREM), the current Quick Ratio is 0.00 as of Dec. 2024. 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.

Premier Air Charter Holdings Business Description

Address 2006 Palomar Airport Road, Suite 210, Carlsbad, CA, USA, 92011
Premier Air Charter Holdings Inc is a San Diego-based aircraft charter company, that provides an international community of aviation enthusiasts. Its vast fleet of aircraft includes everything from Light Jets and Turbojets to Mid-Large Jets.