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. Green Giant's current ratio for the quarter that ended in Dec. 2023 was 0.70.
Green Giant has a current ratio of 0.70. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Green Giant has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Green Giant's Current Ratio or its related term are showing as below:
GGEI's Current Ratio is not ranked *
in the Real Estate industry.
Industry Median: 1.65 * Ranked among companies with meaningful Current Ratio only.
Green Giant Current Ratio Historical Data
The historical data trend for Green Giant'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.
Competitive Comparison of Green Giant's Current Ratio
For the Real Estate - Development subindustry, Green Giant'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.
Green Giant's Current Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Green Giant's Current Ratio distribution charts can be found below:
* The bar in red indicates where Green Giant's Current Ratio falls into.
* 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.
Green Giant (OTCPK:GGEI) 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.
Green Giant Current Ratio Related Terms
Thank you for viewing the detailed overview of Green Giant's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Green Giant Inc is engaged in real estate development buisness and green energy business. The Company engages in real estate development through the VIE, Guangsha, in mainland China, and is transitioning itself from its real estate development business to a new energy corporation. It is engaged in the construction and sale of residential apartments, car parks, and commercial properties. The company's real-estate properties include multi-layer apartment buildings, sub-high-rise apartment buildings, and high-rise apartment buildings. The project portfolios of the company are Yangzhou Pearl Garden Phase I and II, Nanyuan II Project, Mingzhu Garden, Oriental Pearl Garden, and Yangzhou Palace. Majority of the Company's revenue is derived from real estate sales.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
GGEI has been successfully added to your 