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. Green Giant's quick ratio for the quarter that ended in Dec. 2023 was 0.70.
Green Giant has a quick ratio of 0.70. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Green Giant's Quick Ratio or its related term are showing as below:
GGEI's Quick Ratio is not ranked *
in the Real Estate industry.
Industry Median: 0.84 * Ranked among companies with meaningful Quick Ratio only.
Green Giant (OTCPK:GGEI) 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.
Green Giant Quick Ratio Related Terms
Green Giant Quick Ratio Historical Data
* Premium members only.
The historical data trend for Green Giant'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.
For the Real Estate - Development subindustry, Green Giant'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.
Green Giant Quick Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Green Giant's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Green Giant's Quick Ratio falls into.
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.
Green Giant's Quick Ratio for the fiscal year that ended in Sep. 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.
Green Giant (GGEI) has a Quick Ratio of 0.70 as of Dec. 2023. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Green Giant and its competitors.
Is Green Giant's Quick Ratio too high?
Green Giant's current Quick Ratio is 0.70. The Real Estate industry median Quick Ratio is 0.84. Green Giant's value of 0.70 is 16.7% below this industry median. Overall, Green Giant has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Green Giant's Quick Ratio compare to JVA and NATR?
Green Giant's Quick Ratio of 0.70 can be compared against companies in the Real Estate industry. The industry median Quick Ratio is 0.84. Green Giant's value of 0.70 is 16.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Real Estate company?
The median Quick Ratio among Real Estate companies is 0.84, based on 1,794 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Green Giant's current Quick Ratio of 0.70 is 16.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Green Giant and its competitors. For the Real Estate industry, the median Quick Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Green Giant's current Quick Ratio is 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Green Giant stock overvalued right now?
Green Giant (GGEI) has a current Quick Ratio of 0.70. The current Quick Ratio is 0.70 and 16.7% below the Real Estate industry median of 0.84. Green Giant's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Green Giant (GGEI), the current Quick Ratio is 0.70 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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.
16GF Score
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