Blade Air Mobility has a quick ratio of 5.81. It generally indicates good short-term financial strength.
The historical rank and industry rank for Blade Air Mobility's Quick Ratio or its related term are showing as below:
BLDE'
s Quick Ratio Range Over the Past 10 Years
Min: 2.27 Med: 7.01 Max: 32.99
Current: 5.81
During the past 5 years, Blade Air Mobility's highest Quick Ratio was 32.99. The lowest was 2.27. And the median was 7.01.
BLDE's Quick Ratio is ranked better than 94.5% of 981
companies
in the Transportation industry
Industry Median: 1.26
vs BLDE: 5.81
Blade Air Mobility Quick Ratio Historical Data
The historical data trend for Blade Air Mobility'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.
Competitive Comparison of Blade Air Mobility's Quick Ratio
For the Airports & Air Services subindustry, Blade Air Mobility'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.
Blade Air Mobility's Quick Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Blade Air Mobility's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Blade Air Mobility's Quick Ratio falls into.
Blade Air Mobility 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.
Blade Air Mobility's Quick Ratio for the fiscal year that ended in Dec. 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.
Blade Air Mobility (NAS:BLDE) 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.
Blade Air Mobility Quick Ratio Related Terms
Thank you for viewing the detailed overview of Blade Air Mobility's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Blade Air Mobility (Blade Air Mobility) Business Description
Blade Air Mobility Inc is a technology-powered air mobility platform that provides consumers with a cost-effective and time-efficient alternative to ground transportation for congested routes. The company's Passenger reporting segment arranges charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes operating in various locations throughout the United States and abroad. The company's Medical reporting segment includes air medical transporters of human organs in the United States, providing end-to-end logistics for transplant centers and organ procurement organizations utilizing helicopters, jets, turboprops and ground vehicles.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BLDE has been successfully added to your 