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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Joby Aviation's current ratio for the quarter that ended in Mar. 2024 was 24.89.
Joby Aviation has a current ratio of 24.89. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Joby Aviation's Current Ratio or its related term are showing as below:
During the past 4 years, Joby Aviation's highest Current Ratio was 181.84. The lowest was 0.75. And the median was 35.90.
The historical data trend for Joby Aviation's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Joby Aviation Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Current Ratio | 56.36 | 95.22 | 35.90 | 23.39 |
Joby Aviation Quarterly Data | |||||||||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Current Ratio | Get a 7-Day Free Trial | 33.42 | 27.78 | 22.78 | 23.39 | 24.89 |
For the Airports & Air Services subindustry, Joby Aviation's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Transportation industry and Industrials sector, Joby Aviation's Current Ratio distribution charts can be found below:
* The bar in red indicates where Joby Aviation's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Joby Aviation's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Current Ratio (A: Dec. 2023 ) | = | Total Current Assets (A: Dec. 2023 ) | / | Total Current Liabilities (A: Dec. 2023 ) |
= | 1055.751 | / | 45.136 | |
= | 23.39 |
Joby Aviation's Current Ratio for the quarter that ended in Mar. 2024 is calculated as
Current Ratio (Q: Mar. 2024 ) | = | Total Current Assets (Q: Mar. 2024 ) | / | Total Current Liabilities (Q: Mar. 2024 ) |
= | 951.69 | / | 38.24 | |
= | 24.89 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Joby Aviation (NYSE:JOBY) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of Joby Aviation's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory Bowles | officer: Head of Government Affairs | C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060 |
Didier Papadopoulos | officer: See Remarks | C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060 |
Eric Allison | officer: Head of Product | C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060 |
Bonny W Simi | officer: See Remarks | 4747 BETHESDA AVENUE, SUITE 1100, BETHESDA MD 20814 |
Matthew Field | officer: See Remarks | C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060 |
Kate Dehoff | officer: See Remarks | C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060 |
Joeben Bevirt | director, officer: See Remarks | C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060 |
Dipender Saluja | director | 1730 TECHNOLOGY DRIVE, SAN JOSE CA 95110 |
Tetsuo Ogawa | director | C/O JOBY AVIATION, INC., 333 ENCINAL ST., SANTA CRUZ CA 95060 |
Michael P Huerta | director | 1800 M STREET NW SUITE 800, WASHINGTON DC 20036 |
Justin Lang | officer: See Remarks | C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060 |
Paul Cahill Sciarra | director | PO BOX 427344, SAN FRANCISCO CA 94142 |
Sherry Coutu | other: FORMER DIRECTOR | C/O REINVENT ACQUISITION CORP., 215 PARK AVENUE, FLOOR 11, NEW YORK NY 10003 |
Joby Holdings, Inc. | 10 percent owner | C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060 |
James Kuffner | director | C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #255, SANTA CRUZ CA 95060 |
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