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Ceres Global Ag (Ceres Global Ag) Quick Ratio : 0.50 (As of Dec. 2023)


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What is Ceres Global Ag Quick Ratio?

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. Ceres Global Ag's quick ratio for the quarter that ended in Dec. 2023 was 0.50.

Ceres Global Ag has a quick ratio of 0.50. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Ceres Global Ag's Quick Ratio or its related term are showing as below:

CERGF' s Quick Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.47   Max: 0.91
Current: 0.5

During the past 13 years, Ceres Global Ag's highest Quick Ratio was 0.91. The lowest was 0.26. And the median was 0.47.

CERGF's Quick Ratio is ranked worse than
73.97% of 315 companies
in the Retail - Defensive industry
Industry Median: 0.88 vs CERGF: 0.50

Ceres Global Ag Quick Ratio Historical Data

The historical data trend for Ceres Global Ag'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.

* Premium members only.

Ceres Global Ag Quick Ratio Chart

Ceres Global Ag Annual Data
Trend Mar14 Mar15 Mar16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.42 0.60 0.51 0.91 0.84

Ceres Global Ag Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.53 0.57 0.84 0.38 0.50

Competitive Comparison of Ceres Global Ag's Quick Ratio

For the Food Distribution subindustry, Ceres Global Ag'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.


Ceres Global Ag's Quick Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ceres Global Ag's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Ceres Global Ag's Quick Ratio falls into.



Ceres Global Ag 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.

Ceres Global Ag's Quick Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Quick Ratio (A: Jun. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(122.565-57.693)/77.634
=0.84

Ceres Global Ag's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(177.789-115.523)/123.372
=0.50

* 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.


Ceres Global Ag  (OTCPK:CERGF) 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.


Ceres Global Ag Quick Ratio Related Terms

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Ceres Global Ag (Ceres Global Ag) Business Description

Traded in Other Exchanges
Address
701 Xenia Avenue S., Suite 400, Golden Valley, MN, USA, 55416
Ceres Global Ag Corp is engaged in the agricultural, energy, and industrial supply chains through sourcing, storing, transporting, and marketing of commodity-based products and raw materials. It has three operating segments. The Grain segment, which is the key revenue driver, is engaged in grain procurement and merchandising of specialty grains and oilseeds such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses. The Supply Chain Services segment utilizes the corporation's facilities to provide logistics services, storage, and transloading for commodities and industrial products. The Seed and Processing segment is engaged in soybean crush, specialty crops blending, birdfeed production, and seed distribution in Western Canada.

Ceres Global Ag (Ceres Global Ag) Headlines

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