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Research Seminar Series - A Fresh Approach to Current Ratio with respect to Airline Industry

Event information

START DATE 09 October 2019

Middlesex University Dubai, Oasis Theatre, Block 16

END DATE 09 October 2019

We are pleased to invite you to our Wednesday Research Seminar. It will be held on 9 October from 4pm, at Middlesex University Dubai in the Oasis Theatre, Block 16, Knowledge Park.

Wednesday Research Seminar Series was launched in 2008, and has featured more than 250 presentations to date. The seminars provide a forum for researchers to share their work. Presenters include faculty from Middlesex University Dubai and other universities in the United Arab Emirates, as well as researchers from other global institutions. Dr. Venkatachalam will deliver seminar on:

“A Fresh Approach to Current Ratio with respect to Airline Industry”

Venkatachalam Ramanathan



Current ratio is the most important ratio in financial statement analysis. Normally the banks and financial institutions expect the ratio should be around 1.5:1.  However, what constitutes current assets and current liabilities is really a matter. In order to provide correct information to external users, financial statements of public and private companies should follow the standards prescribed by generally accepted accounting principles (GAAP) or International Financial Reporting Standards or Indian Accounting Standards as applicable. However, there is no single law or standard or authority to standardize the formulae to be used in computing financial ratios and the definition of various components being used in the ratio analysis. This is the main reason that various parties use different definitions and in computing the value of different components and use different formulae in evaluating the financial metrics. This paper has highlighted the anomaly in the definition of current liabilities and current assets being used in calculating current ratio in respect of airline industry.


Dr. Venkatachalam Ramanathan is a visiting faculty at Middlesex University Dubai. He received his doctoral degree in Commerce on “Securitization”. He has three decades of experience in accounting and finance, of which for 25 years he worked in banking in areas of relationship management, branch management, risk management and training, in UAE, Saudi Arabia and India. In the UAE, he is a training consultant for Emirates NBD and Emirates Islamic Bank. He is an associate member of The Institute of Chartered Accountants of India, Chartered Institute of Management Accountants, London, The Institute of Management Accountants, USA among others.

We look forward to welcoming you at the seminar.

If you are interested in presenting at one of our future seminars, or would like to recommend someone, please contact:

Middlesex Associates FZ LLC, Dubai Knowledge Park - Blocks 4, 16, 17 & 19
Admissions +971 (0)4 3678100

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