EAS Publisher | Liquidity Status of Arunachal Pradesh State Transport Services

Liquidity Status of Arunachal Pradesh State Transport Services

DOI : https://doi.org/10.36349/easjebm.2021.v04i11.006

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Movement of persons and goods from one place to another is understood as Transport. It helps in movement of people, merchandise and services from one places to another. It is an essential prerequisite for an economy to grow and develop with a right momentum. In the realm of public transport, Arunachal Pradesh State Transport Services had started its operation on 15th Dec, 1975 from Naharkatia to Khonsa in order to provide adequate, economical and well-coordinated transport services in the state. The study unveiled that, the liquidity position of APSTS is highly unsatisfactory from the point of view of its ability to satisfy the claims of short-term creditors. The current ratio and acid-test ratio in APSTS have been revealed to be very low throughout the study period, which indicates that, APSTS is making excessive use of sundry creditors as well as long-term borrowing capacity to finance its short-term requirements. With this background, the present study makes an attempt to examine the Current Assets and Current Liabilities of APSTS from 2009-10 to 2014-15. Further, it analyzes Current Ratio and Acid Test Ratio of APSTS from 2009-10 to 2014-15.

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