Traditional Culture Encyclopedia - Travel guide - What are the average current ratio and quick ratio in the tourism industry?
What are the average current ratio and quick ratio in the tourism industry?
1.5~2.0. The current ratio in the tourism industry is better between 1.5 and 2.0, while the quick ratio is more accurate around 1.0. The higher the current ratio, it means that daily operations require less short-term financial support, but a ratio that is too high indicates that the efficiency of capital utilization is lower. A quick ratio greater than 1 indicates that the company is able to repay its debts once its inventory is liquidated and cannot be converted into cash; a quick ratio less than 1 indicates that the company must rely on selling part of its inventory to repay short-term debts.
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