US

Aircraft: average industry financial ratios for U.S. listed companies Financial ratio Year (HI) VIAVIS 2021 2020 ago Current Ratio 3.32 0.85 Quick Ratio 1.56 0.32 Cash Ratio 1.78 0.24 17 more rows FREE Aircraft: industry financial ratios benchmarking - Ready Ratios ... Liquidity ratios measure Short-term Solvency. Below is the Emirates Financial Position (Balance Sheet) Statement for the ending 31st March 2021. Consolidated Statement of Financial Position as at 31 March 2021 Consolidated Statement of Financial Position as at 31 March 2021 Note 2021 2020 AED m AED m ASSETS Non-current assets 8 2,067 2,162 Property, plant and equipment 9 2,024 1,963 Right-of-use assets 420 387 Investment property 2,121 Intangible assets 455 2,785 551 15 Investments accounted for using the equity method 31 Trade and other receivables 196 280 Deferred tax assets 7,314 8,143 Current assets 77 Inventories 156 3,018 Trade and other receivables 2,164 Derivative financial instruments 15 55 Current tax assets 29 Short term bank deposits 3,730 3,700 Cash and cash equivalents 960 1,616 6,960 8,560 Total assets 14,274 16,703 10 11 12 14 20 13 14 24 23 23 EQUITY AND LIABILITIES Capital and reserves Capital Capital reserve Other reserves Retained earnings Attributable to dnata's Owner Non-controlling interests Total equity Non-current liabilities Trade and other payables Borrowings and lease liabilities Provisions Deferred tax liabilities Current liabilities Trade and other payables Borrowings and lease liabilities Derivative financial instruments Provisions Current tax liabilities Total liabilities Total equity and liabilities Note 15 16 17 19 18 20 17 19 24 18 2021 AED m 63 (70) (242) 6,803 6,554 (19) 6,535 183 2.993 568 95 3,839 2,662 1,065 7 149 17 3,900 7,739 14,274 2020 AED m 63 (70) (412) 8,678 8,259 43 8,302 211 2,961 682 255 4,109 3,257 957 - 57 21 4,292 8,401 16,703 Current Ratio ending 31 March 2021. Current ratio = Current assets / Current liabilities For Year 2021: Current assets = $6960, Current liabilities = $3900 Put values in formula, Current ratio = $6960 / $3900 = 1.78 Quick Ratio ending 31 March 2021. Quick ratio = Current assets - Inventories / Current liabilities For Year 2021: Current assets = $6960, Current liabilities = $3900, Inventories = $77 Quick ratio = ($6960 - $77)/ $3900 Quick ratio = $6883 / $3900 = 1.76 Question: Use the Current and Quick ratios of Emirates Airlines calculated above and the USA Current and Quick ratios of Aircraft industry below: Discuss whether Emirates Airlines is performing well or not compared to USA airline industry? Aircraft: average industry financial ratios for U.S. listed companies Financial ratio Year (HI) VIAVIS 2021 2020 ago Current Ratio 3.32 0.85 Quick Ratio 1.56 0.32 Cash Ratio 1.78 0.24 17 more rows FREE Aircraft: industry financial ratios benchmarking - Ready Ratios ... Liquidity ratios measure Short-term Solvency. Below is the Emirates Financial Position (Balance Sheet) Statement for the ending 31st March 2021. Consolidated Statement of Financial Position as at 31 March 2021 Consolidated Statement of Financial Position as at 31 March 2021 Note 2021 2020 AED m AED m ASSETS Non-current assets 8 2,067 2,162 Property, plant and equipment 9 2,024 1,963 Right-of-use assets 420 387 Investment property 2,121 Intangible assets 455 2,785 551 15 Investments accounted for using the equity method 31 Trade and other receivables 196 280 Deferred tax assets 7,314 8,143 Current assets 77 Inventories 156 3,018 Trade and other receivables 2,164 Derivative financial instruments 15 55 Current tax assets 29 Short term bank deposits 3,730 3,700 Cash and cash equivalents 960 1,616 6,960 8,560 Total assets 14,274 16,703 10 11 12 14 20 13 14 24 23 23 EQUITY AND LIABILITIES Capital and reserves Capital Capital reserve Other reserves Retained earnings Attributable to dnata's Owner Non-controlling interests Total equity Non-current liabilities Trade and other payables Borrowings and lease liabilities Provisions Deferred tax liabilities Current liabilities Trade and other payables Borrowings and lease liabilities Derivative financial instruments Provisions Current tax liabilities Total liabilities Total equity and liabilities Note 15 16 17 19 18 20 17 19 24 18 2021 AED m 63 (70) (242) 6,803 6,554 (19) 6,535 183 2.993 568 95 3,839 2,662 1,065 7 149 17 3,900 7,739 14,274 2020 AED m 63 (70) (412) 8,678 8,259 43 8,302 211 2,961 682 255 4,109 3,257 957 - 57 21 4,292 8,401 16,703 Current Ratio ending 31 March 2021. Current ratio = Current assets / Current liabilities For Year 2021: Current assets = $6960, Current liabilities = $3900 Put values in formula, Current ratio = $6960 / $3900 = 1.78 Quick Ratio ending 31 March 2021. Quick ratio = Current assets - Inventories / Current liabilities For Year 2021: Current assets = $6960, Current liabilities = $3900, Inventories = $77 Quick ratio = ($6960 - $77)/ $3900 Quick ratio = $6883 / $3900 = 1.76 Question: Use the Current and Quick ratios of Emirates Airlines calculated above and the USA Current and Quick ratios of Aircraft industry below: Discuss whether Emirates Airlines is performing well or not compared to USA airline industry