Relatively High Current Ratio Detected in Shares of Air T Inc in the Air Freight & Logistics Industry (AIRT, PKOH, EXPD, FDX, ECHO)
Below are the three companies in the Air Freight & Logistics industry with the highest current ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations.
Air T Inc ranks highest with a a current ratio of 3.0. Following is Park-Ohio Holdings with a a current ratio of 2.5. Expeditors International of Washington ranks third highest with a a current ratio of 2.3.
FedEx follows with a a current ratio of 1.8, and Echo Global Logistics rounds out the top five with a a current ratio of 1.7.
SmarTrend recommended that subscribers consider buying shares of Echo Global Logistics on July 12th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $23.70. Since that recommendation, shares of Echo Global Logistics have risen 9.5%. We continue to monitor Echo Global Logistics for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest current ratio air t inc park-ohio holdings expeditors international of washington FedEx Echo Global Logistics