Garcia Reguera (BUE:REGE) Quick Ratio : 0.69 (As of May. 2024)

Garcia Reguera Quick Ratio Chart

Garcia Reguera Annual Data
	Trend	Aug14	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Quick Ratio		Get a 7-Day Free Trial					0.36	0.52	0.65	0.93	1.08

Garcia Reguera Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Quick Ratio	Get a 7-Day Free Trial															0.72	1.08	0.80	0.78	0.69

Competitive Comparison of Garcia Reguera's Quick Ratio

For the Department Stores subindustry, Garcia Reguera'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.

Garcia Reguera's Quick Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Garcia Reguera's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Garcia Reguera's Quick Ratio falls into.

Garcia Reguera 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.

Garcia Reguera's Quick Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Garcia Reguera's Quick Ratio for the quarter that ended in May. 2024 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.

Garcia Reguera  (BUE:REGE) 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.

Garcia Reguera Quick Ratio Related Terms

Thank you for viewing the detailed overview of Garcia Reguera's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Garcia Reguera Business Description