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. ANA Holdings's quick ratio for the quarter that ended in Dec. 2023 was 1.68.
ANA Holdings has a quick ratio of 1.68. It generally indicates good short-term financial strength.
The historical rank and industry rank for ANA Holdings's Quick Ratio or its related term are showing as below:
ALNPY'
s Quick Ratio Range Over the Past 10 Years
Min: 0.85 Med: 1.09 Max: 2.39
Current: 1.68
During the past 13 years, ANA Holdings's highest Quick Ratio was 2.39. The lowest was 0.85. And the median was 1.09.
ALNPY's Quick Ratio is ranked better than 65.04% of 981
companies
in the Transportation industry
Industry Median: 1.27
vs ALNPY: 1.68
ANA Holdings Quick Ratio Historical Data
The historical data trend for ANA 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.
For the Airlines subindustry, ANA 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.
ANA Holdings Quick Ratio Distribution
For the Transportation industry and Industrials sector, ANA Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where ANA Holdings's Quick Ratio falls into.
ANA 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.
ANA Holdings's Quick Ratio for the fiscal year that ended in Mar. 2023 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.
ANA Holdings (OTCPK:ALNPY) 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.
ANA Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of ANA Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
ANA Holdings is the holding firm of Japan's largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. In February 2024, it will launch Air Japan to provide discount airline services to Southeast Asia. Pre-COVID-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo's Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ALNPY has been successfully added to your 