As of June 14, 2025, Icar Asia Ltd (ICQ.AX) reports a Current Ratio of 0.60.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Icar Asia Ltd's Current Ratio
Over recent years, Icar Asia Ltd's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2020-12-31 | 0.60 |
| 2019-12-31 | 1.22 |
| 2018-12-31 | 2.30 |
| 2017-12-31 | 5.90 |
| 2016-12-31 | 5.72 |
This slight downward trend highlights how Icar Asia Ltd manages its short-term assets and liabilities over time.
Comparing Icar Asia Ltd's Current Ratio to Peers
To better understand Icar Asia Ltd's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Icar Asia Ltd (ICQ.AX) | 0.60 |
| JcbNext Bhd (JCBNEXT.KL) | 63.95 |
| ALiNK Internet INC (7077.T) | 9.55 |
| ZumInternet Corp (239340.KQ) | 9.40 |
| DesignOne Japan Inc (6048.T) | 7.80 |
| Synchro Food Co Ltd (3963.T) | 7.36 |
Compared to its competitors, Icar Asia Ltd's Current Ratio is among the lowest compared to peers, suggesting tighter liquidity management or potential short-term obligations concerns.