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<< Back to Financial Strength by Company within Airline Industry
Airline Industry Financial Strength Information
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Financial Strength Information & Trends  |
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| Airline Industry |
3 Q |
2 Q |
1 Q |
4 Q |
3 Q |
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2024 |
2024 |
2024 |
2023 |
2023 |
| Quick Ratio (TTM) |
0.43 |
0.45 |
0.49 |
0.49 |
0.55 |
| Quick Ratio Ranking |
# 40 |
# 39 |
# 33 |
# 37 |
# 32 |
| Working Capital Ratio (TTM) |
0.65 |
0.68 |
0.72 |
0.72 |
0.77 |
| Working Capital Ratio Ranking |
# 97 |
# 97 |
# 97 |
# 96 |
# 95 |
| Working Capital Per Revenue |
- |
- |
- |
- |
- |
| Working Capital Per Revenue Ranking |
# 3 |
# 3 |
# 3 |
# 4 |
# 5 |
| Leverage Ratio (TTM) |
6.78 |
7.13 |
6.23 |
11.7 |
8.17 |
| Leverage Ratio Ranking |
# 90 |
# 90 |
# 90 |
# 98 |
# 95 |
| Total Debt to Equity (TTM) |
2.64 |
2.8 |
2.44 |
4.47 |
3.34 |
| Total Debt to Equity Ranking |
# 95 |
# 96 |
# 96 |
# 102 |
# 99 |
| Interest Coverage (TTM) |
- |
- |
87.68 |
93.42 |
- |
| Interest Coverage
Ranking |
# 96 |
# 97 |
# 2 |
# 1 |
# 101 |
| Debt Coverage (TTM) |
0.17 |
0.16 |
0.17 |
0.16 |
0.16 |
| Debt Coverage Ranking |
# 90 |
# 90 |
# 89 |
# 87 |
# 90 |
| Quick Ratio Comment |
On the trailing twelve months basis Due to increase in Current Liabilities in the 3 Q 2024, Quick Ratio fell to 0.43 below Airline Industry average.
Within Transportation sector only one Industry has accomplished higher Quick Ratio. Quick Ratio total ranking fell in contrast to the previous quarter from 39 to 40. |
Note, Numbers include only companies who have reported earnings results. Numbers change as more businesses report financial results. See the full List.
| Quick Ratio Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 1.09 |
0.52 |
0.25 |
| 1. quarter 2016 |
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4. quarter 2019 |
| Quick Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 2 |
| Overall |
# 40
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| Airline Industry Working Capital Ratio Statistics as of 3 Q 2024 |
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| Working Capital Ratio Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 1.15 |
0.75 |
0.49 |
| 1. quarter 2022 |
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4. quarter 2019 |
| Working Capital Ratio Comment |
On the trailing twelve months basis Due to increase in Current Liabilities in the 3 Q 2024, Working Capital Ratio fell to 0.65 below Airline Industry average.
Within Transportation sector 4 other industries have achieved higher Working Capital Ratio. Total ranking remained unchanged from the previous quarter at no. 97.
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| Working Capital Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 5 |
| Overall |
# 97
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| Airline Industry Working Capital Per Revenue
Statistics as of 3 Q 2024 |
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| Working Capital Per Revenue Comment |
On the trailing twelve months basis
Within Transportation sector, Airline Industry achieved lowest Working Capital Per Revenue. Total ranking remained the same like in the preceding quarter at no. 3.
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| Working Capital Per Revenue Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 0.14 |
-0.1 |
-0.22 |
| 2. quarter 2021 |
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4. quarter 2019 |
| Working Capital Per Revenue Industry Ranking |
| Within: |
No. |
| Sector |
# 1 |
| Overall |
# 3
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| Airline Industry Leverage Ratio Statistics as of 3 Q 2024 |
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| Leverage Ratio Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 15.06 |
5.6 |
1.02 |
| 4. quarter 2022 |
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1. quarter 2016 |
| Leverage Ratio Comment |
Due to repayements of liabilities of 0.04% Industry improved Liabilities to Equity ratio in 3 Q 2024 to 6.78, above Airline Industry average.
Among other Industries in the Transportation sector 4 other industries have achieved lower Leverage Ratio.
Overall ranking remained unchanged from to the prior quarter at no. 90.
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| Leverage Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 5 |
| Overall |
# 90
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| Airline Industry Total Debt to Equity Ratio Statistics as of 3 Q 2024 |
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| Debt to Equity
Ratio Comment |
Due to debt repayement of -0.45% Industry improved Total Debt to Equity in 3 Q 2024 to 2.64, above Industry average.
Within Transportation sector 4 other industries have achieved lower Debt to Equity Ratio. Debt to Equity Ratio total ranking has improved so far to 95, from total ranking in previous quarter at 96.
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| Debt to Equity Ratio Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 6.09 |
1.2 |
0.11 |
| 4. quarter 2022 |
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1. quarter 2019 |
| Debt to Equity Industry Ranking |
| Within: |
No. |
| Sector |
# 5 |
| Overall |
# 95
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| Airline Industry Interest Coverage Ratio Statistics as of 3 Q 2024 |
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| Interest Coverage Ratio Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 180.4 |
-4.75 |
-1111.04 |
| 1. quarter 2019 |
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4. quarter 2020 |
| Interest Coverage Ratio Comment |
On the trailing twelve months basis interest expenses decreased faster than Industry's ebitda, this led to improvement in Industry's Interest Coverage Ratio to 96 , above Airline Industry average Interest Coverage Ratio.
In the Transportation sector 4 other industries have accomplished higher Interest Coverage Ratio. Interest Coverage total ranking has improved so far to 96, from total ranking in previous quarter at 97.
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| Interest Coverage Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 5 |
| Overall |
# 96
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| Airline Industry Debt Coverage
Statistics as of 3 Q 2024 |
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| Debt Coverage Ratio Comment |
On the trailing twelve months basis total debt decreased faster than Industry's ebitda, this led to improvement in Industry's Debt Coverage Ratio to 0.17 , Debt Coverage Ratio remained below Airline Industry average.
Looking into Transportation sector 3 other industries have achieved higher debt coverage ratio. Total ranking was the same like in the previous quarter at no. 90.
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| Debt Coverage Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 5.3 |
1.47 |
-3.43 |
| 3. quarter 2015 |
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1. quarter 2021 |
| Debt Coverage Industry Ranking |
| Within: |
No. |
| Sector |
# 4 |
| Overall |
# 90
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Date modified: 2024-12-03T14:58:37+00:00
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