from the above calculations (in table 13)
Cross Sectional and Financial Ratio Analysis
Liquidity Analysis
Current Ratio
Table 13: Current ratio.
2016 (in million USD)
2015 (in million USD)
Current assets
3601
3146
Current liabilities
4497
3871
Turkish Airlines Current ratio = current assets/ current liabilities
3601 / 4497 = 0.80075606 = 0.80
3146 / 3871 = 0.812709894 = 0.81
Pegasus Airlines
1.41
1.85
Deutsche Lufthansa
0.93
0.72
It should be noted that this ratio shows a firms capacity to reimburse the short and long-term debts of a business; however
