The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Guoco Group's quick ratio for the quarter that ended in Dec. 2023 was 1.23.
Guoco Group has a quick ratio of 1.23. It generally indicates good short-term financial strength.
The historical rank and industry rank for Guoco Group's Quick Ratio or its related term are showing as below:
GULRY'
s Quick Ratio Range Over the Past 10 Years
Min: 0.8 Med: 1.71 Max: 3.1
Current: 1.23
During the past 13 years, Guoco Group's highest Quick Ratio was 3.10. The lowest was 0.80. And the median was 1.71.
GULRY's Quick Ratio is ranked better than 53.01% of 532
companies
in the Conglomerates industry
Industry Median: 1.17
vs GULRY: 1.23
Guoco Group Quick Ratio Historical Data
The historical data trend for Guoco Group's Quick 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.
Competitive Comparison of Guoco Group's Quick Ratio
For the Conglomerates subindustry, Guoco Group's Quick Ratio, along with its competitors' market caps and Quick 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.
Guoco Group's Quick Ratio Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Guoco Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Guoco Group's Quick Ratio falls into.
Guoco Group Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Guoco Group's Quick Ratio for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
Guoco Group (OTCPK:GULRY) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Guoco Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Guoco Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Guoco Group Ltd is a holdings company engaged in investment and financial businesses globally. The company operates in four main segments: principal investment, property development and investment, hospitality and leisure, and financial services. It generates additional revenue from oil and gas production. Principal investment segment covers direct and equity investments, and treasury operations. The property development and investment segment, develops residential and commercial properties in China and Southeast Asia. The main revenue driver, hospitality and leisure segment owns, leases, and manages hotels, and operates gaming businesses in the UK, Spain and Belgium. The financial-services segment includes commercial, consumer and investment banking, as well as insurance services.
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