A-Sonic Aerospace (A-Sonic Aerospace) Quick Ratio : 1.98 (As of Dec. 2023)

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What is A-Sonic Aerospace 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. A-Sonic Aerospace's quick ratio for the quarter that ended in Dec. 2023 was 1.98.

A-Sonic Aerospace has a quick ratio of 1.98. It generally indicates good short-term financial strength.

The historical rank and industry rank for A-Sonic Aerospace's Quick Ratio or its related term are showing as below:

ASNCF' s Quick Ratio Range Over the Past 10 Years
Min: 1.28 Med: 1.54 Max: 1.98
Current: 1.98

During the past 13 years, A-Sonic Aerospace's highest Quick Ratio was 1.98. The lowest was 1.28. And the median was 1.54.

ASNCF's Quick Ratio is ranked better than
73.28% of 973 companies
in the Transportation industry
Industry Median: 1.26 vs ASNCF: 1.98

A-Sonic Aerospace Quick Ratio Historical Data

The historical data trend for A-Sonic Aerospace'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.

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A-Sonic Aerospace Quick Ratio Chart

A-Sonic Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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1.52

1.63

1.57

1.83

1.98

A-Sonic Aerospace Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Quick Ratio	Get a 7-Day Free Trial															1.57	1.54	1.83	1.92	1.98

Competitive Comparison of A-Sonic Aerospace's Quick Ratio

For the Integrated Freight & Logistics subindustry, A-Sonic Aerospace'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.

A-Sonic Aerospace's Quick Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, A-Sonic Aerospace's Quick Ratio distribution charts can be found below:

* The bar in red indicates where A-Sonic Aerospace's Quick Ratio falls into.

A-Sonic Aerospace 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.

A-Sonic Aerospace's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(80.866	-	0)	/	40.753
	=	1.98

A-Sonic Aerospace's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(80.866	-	0)	/	40.753
	=	1.98

A-Sonic Aerospace (OTCPK:ASNCF) 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.

A-Sonic Aerospace Quick Ratio Related Terms

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A-Sonic Aerospace (A-Sonic Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » A-Sonic Aerospace Ltd (OTCPK:ASNCF) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

BTJ:Singapore

Address

10 Anson Road, No. 24-07, International Plaza, Singapore, SGP, 079903

Website

https://www.asonic-aerospace.com

A-Sonic Aerospace Ltd is engaged in providing supply chain management services. The company provides domestic multi-modal transportation, warehousing, distribution, customs clearance, and airport ground services. Its business is divided into two segments namely Aviation which includes aircraft systems and components to airlines and aviation maintenance repair organizations, and Logistics that includes services like Airside Logistics and Transportation, Air Cargo Management and Logistics and Supply Chain Management Services. It generates a majority of its revenue from the Logistics Segment. Geographically, the company gets a majority of its share of the revenue from The People's Republic of China.