Auckland International Airport has a current ratio of 0.28. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Auckland International Airport has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Auckland International Airport's Current Ratio or its related term are showing as below:
NZSE:AIA'
s Current Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.27 Max: 1.82
Current: 0.28
During the past 13 years, Auckland International Airport's highest Current Ratio was 1.82. The lowest was 0.12. And the median was 0.27.
NZSE:AIA's Current Ratio is ranked worse than 96.33% of 980
companies
in the Transportation industry
Industry Median: 1.4
vs NZSE:AIA: 0.28
Auckland International Airport Current Ratio Historical Data
* 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.
Auckland International Airport Current Ratio Chart
Competitive Comparison of Auckland International Airport's Current Ratio
For the Airports & Air Services subindustry, Auckland International Airport's Current Ratio, along with its competitors' market caps and Current 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.
Auckland International Airport's Current Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Auckland International Airport's Current Ratio distribution charts can be found below:
* The bar in red indicates where Auckland International Airport's Current Ratio falls into.
Auckland International Airport Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
* 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.
Auckland International Airport (NZSE:AIA) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Auckland International Airport Current Ratio Related Terms
Thank you for viewing the detailed overview of Auckland International Airport's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Auckland International Airport (NZSE:AIA) Business Description
Auckland Airport is New Zealand's largest airport, handling 21 million passenger movements in fiscal 2019, approximately 70% of the country's international visitors. It owns 1,500 hectares of land, and hosts ancillary commercial services, including retail and duty-free, car parking, hotels, warehouses, and offices. Substantial development opportunities could bring its capacity up to near 28 million passenger movements per year by 2032, as well as adding capacity in the ancillary services offered. It also has a minority stake in the small but fast growing Queenstown airport on New Zealand's south island.
Auckland International Airport (NZSE:AIA) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NZSE:AIA has been successfully added to your 