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GRDN (Guardian Pharmacy Services) Quick Ratio : 0.85 (As of Sep. 2024)


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What is Guardian Pharmacy Services 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. Guardian Pharmacy Services's quick ratio for the quarter that ended in Sep. 2024 was 0.85.

Guardian Pharmacy Services has a quick ratio of 0.85. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Guardian Pharmacy Services's Quick Ratio or its related term are showing as below:

GRDN' s Quick Ratio Range Over the Past 10 Years
Min: 0.65   Med: 0.72   Max: 0.85
Current: 0.85

During the past 6 years, Guardian Pharmacy Services's highest Quick Ratio was 0.85. The lowest was 0.65. And the median was 0.72.

GRDN's Quick Ratio is ranked worse than
69.58% of 687 companies
in the Healthcare Providers & Services industry
Industry Median: 1.21 vs GRDN: 0.85

Guardian Pharmacy Services Quick Ratio Historical Data

The historical data trend for Guardian Pharmacy Services'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.

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Guardian Pharmacy Services Quick Ratio Chart

Guardian Pharmacy Services Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial 0.66 0.72 0.71 0.70 0.67

Guardian Pharmacy Services Quarterly Data
Sep18 Dec18 Sep19 Dec19 Mar20 Sep20 Dec20 Mar21 Sep21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24 Sep24
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 0.73 - 0.67 0.66 0.85

Competitive Comparison of Guardian Pharmacy Services's Quick Ratio

For the Medical Care Facilities subindustry, Guardian Pharmacy Services'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.


Guardian Pharmacy Services's Quick Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Guardian Pharmacy Services's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Guardian Pharmacy Services's Quick Ratio falls into.



Guardian Pharmacy Services 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.

Guardian Pharmacy Services's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(129.605-36.727)/138.015
=0.67

Guardian Pharmacy Services's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(180.265-45.216)/158.318
=0.85

* 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.


Guardian Pharmacy Services  (NYSE:GRDN) 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.


Guardian Pharmacy Services Quick Ratio Related Terms

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Guardian Pharmacy Services Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
300 Galleria Parkway SE, Suite 800, Atlanta, GA, USA, 30339
Guardian Pharmacy Services Inc is a leading, highly differentiated pharmacy services company that provides an extensive suite of technology-enabled services designed to help residents of LTCFs adhere to their appropriate drug regimen, which in turn helps reduce the cost of care and improve clinical outcomes. The company emphasizes high-touch, individualized clinical, drug dispensing and administration capabilities that are tailored to serve the needs of residents in historically lower acuity LTCFs, such as ALFs, and .BHFs.