MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Quick Ratio : 1.04 (As of Dec. 2022)

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What is MNG Havayollari ve Tasimacilik AS Quick Ratio?

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. MNG Havayollari ve Tasimacilik AS's quick ratio for the quarter that ended in Dec. 2022 was 1.04.

MNG Havayollari ve Tasimacilik AS has a quick ratio of 1.04. It generally indicates good short-term financial strength.

The historical rank and industry rank for MNG Havayollari ve Tasimacilik AS's Quick Ratio or its related term are showing as below:

MNGA's Quick Ratio is not ranked ^*
in the Transportation industry.
Industry Median: 1.27
* Ranked among companies with meaningful Quick Ratio only.

MNG Havayollari ve Tasimacilik AS Quick Ratio Historical Data

The historical data trend for MNG Havayollari ve Tasimacilik AS'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.

* Premium members only.

MNG Havayollari ve Tasimacilik AS Quick Ratio Chart

MNG Havayollari ve Tasimacilik AS Annual Data

Trend

Dec20

Dec21

Dec22

Quick Ratio

1.36

1.15

1.04

MNG Havayollari ve Tasimacilik AS Quarterly Data
	Dec20	Sep21	Dec21	Sep22	Dec22
Quick Ratio	1.36	-	1.15	1.22	1.04

Competitive Comparison of MNG Havayollari ve Tasimacilik AS's Quick Ratio

For the Integrated Freight & Logistics subindustry, MNG Havayollari ve Tasimacilik AS'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.

MNG Havayollari ve Tasimacilik AS's Quick Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MNG Havayollari ve Tasimacilik AS's Quick Ratio distribution charts can be found below:

* The bar in red indicates where MNG Havayollari ve Tasimacilik AS's Quick Ratio falls into.

MNG Havayollari ve Tasimacilik AS 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.

MNG Havayollari ve Tasimacilik AS's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(82.171	-	4.464)	/	74.959
	=	1.04

MNG Havayollari ve Tasimacilik AS's Quick Ratio for the quarter that ended in Dec. 2022 is calculated as

Quick Ratio (Q: Dec. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(82.171	-	4.464)	/	74.959
	=	1.04

MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) 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.

MNG Havayollari ve Tasimacilik AS Quick Ratio Related Terms

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MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

WOW Convention Center ?DTM, Yesilkoy/Bakirkoy, Istanbul, TUR, 34149

Website

https://www.mngairlines.com

MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.

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