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Atlas Air Worldwide Holdings Quick Ratio

: 0.86 (As of Jun. 2022)
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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. Atlas Air Worldwide Holdings's quick ratio for the quarter that ended in Jun. 2022 was 0.86.

Atlas Air Worldwide Holdings has a quick ratio of 0.86. It indicates that the company cannot currently fully pay back its current liabilities.

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

AAWW' s Quick Ratio Range Over the Past 10 Years
Min: 0.29   Med: 1.46   Max: 4.52
Current: 0.86

During the past 13 years, Atlas Air Worldwide Holdings's highest Quick Ratio was 4.52. The lowest was 0.29. And the median was 1.46.

AAWW's Quick Ratio is ranked worse than
70.73% of 926 companies
in the Transportation industry
Industry Median: 1.23 vs AAWW: 0.86

Atlas Air Worldwide Holdings Quick Ratio Historical Data

The historical data trend for Atlas Air Worldwide 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.

* Premium members only.

Atlas Air Worldwide Holdings Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.80 0.77 0.58 1.06 0.93

Atlas Air Worldwide Holdings Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Quick Ratio 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 Premium Member Only Premium Member Only Premium Member Only 0.87 0.80 0.93 0.81 0.86

Competitive Comparison

For the Airports & Air Services subindustry, Atlas Air Worldwide 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.

   

Atlas Air Worldwide Holdings Quick Ratio Distribution

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

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



Atlas Air Worldwide 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.

Atlas Air Worldwide Holdings's Quick Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Quick Ratio (A: Dec. 2021 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1326.022-0)/1420.057
=0.93

Atlas Air Worldwide Holdings's Quick Ratio for the quarter that ended in Jun. 2022 is calculated as

Quick Ratio (Q: Jun. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(993.018-0)/1149.002
=0.86

* 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.


Atlas Air Worldwide Holdings  (NAS:AAWW) 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.


Atlas Air Worldwide Holdings Quick Ratio Related Terms

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Atlas Air Worldwide Holdings Business Description

Atlas Air Worldwide Holdings logo
Traded in Other Exchanges
Address
2000 Westchester Avenue, Purchase, NY, USA, 10577-2543
Atlas Air Worldwide Holdings Inc, together with its subsidiaries, is a leading global provider of outsourced aircraft and aviation operating services. The company owns a fleet of freighters and passenger aircraft and leases additional aircraft and engines to expand its portfolio. It gives customers access to new production aircraft and offers crew, maintenance, and insurance services. In addition, the company operates a charter division to provide air cargo and passenger aircraft charters. Atlas Air customers include airlines, express delivery providers, freight forwarders, the U.S. military, and charter brokers. It provides global services to regions in Africa, Asia, Australia, Europe, the Middle East, and the Americas.
Executives
Borst Walter G director 2701 NAVISTAR DRIVE LISLE IL 60532
Conner Raymond L. director ALASKA AIR GROUP, INC. 19300 INTERNATIONAL BLVD SEATTLE WA 98188
Willis George director 55 GLENLAKE PARKWAY, NE ATLANTA GA 30328
Zierhoffer Carol J director 100 NORTH POINT CENTER EAST SUITE 200 ALPHARETTA GA 30022
Goulet, Beverly K. director 10990 ROE AVENUE OVERLAND PARK KS 66211
Forbes James Anthony officer: EVP & COO C/O ATLAS AIR WORLDWIDE HOLDINGS, INC. 2000 WESTCHESTER AVENUE PURCHASE NY 10577
Stamps Sheila A director C/O CIT GROUP, 1 CIT DRIVE ATTN: GENERAL COUNSEL LIVINGSTON NJ 07039
Lute Jane H director 4404 33RD ROAD NORTH ARLINGTON VA 22207
Bolden Charles F Jr director MARATHON OIL CORP 5555 SAN FELIPE ROAD HOUSTON TX 77056
Griffin Bobby J director C/O UNITED RENTALS, INC. 100 FIRST STAMFORD PL STE 700 STAMFORD CT 06902
Wulff John K director C/O HERCULES INC 1313 NORTH MARKET STREET WILMINGTON DE 19894-0001
Mcnabb Duncan J. director C/O ATLAS AIR WORLDWIDE HOLDINGS, INC. 2000 WESTCHESTER AVENUE PURCHASE NY 10577
Mayer Keith H. officer: Vice President & Controller ATLAS AIR WORLDWIDE HOLDINGS, INC. 2000 WESTCHESTER AVENUE PURCHASE NY 10577
Harbinger Capital Partners Llc 10 percent owner, other: *See Remarks 450 PARK AVENUE, 30TH FLOOR NEW YORK NY 10022
Harbinger Holdings, Llc 10 percent owner, other: *See Remarks 450 PARK AVENUE, 30TH FLOOR NEW YORK NY 10022

Atlas Air Worldwide Holdings Headlines

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