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The Graystone Co (OTCPK:GYST) 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.
The Graystone Co Quick Ratio Related Terms
The Graystone Co Quick Ratio Historical Data
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The historical data trend for The Graystone Co'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.
GYST vs DWSGF, AUXRF, NEBUF: Quick Ratio Comparison
For the Mortgage Finance subindustry, The Graystone Co'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.
The Graystone Co Quick Ratio vs Banks Industry
For the Banks industry and Financial Services sector, The Graystone Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where The Graystone Co'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.
The Graystone Co's Quick Ratio for the fiscal year that ended in Dec. 2012 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.
The Graystone Co (GYST) has a Quick Ratio of 0.18 as of Sep. 2013. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on The Graystone Co and its competitors.
Is The Graystone Co's Quick Ratio too high?
The Graystone Co's current Quick Ratio is 0.18. The Banks industry median Quick Ratio is 1.92. The Graystone Co's value of 0.18 is 90.6% below this industry median.
How does The Graystone Co's Quick Ratio compare to DWSGF and AUXRF?
The Graystone Co's Quick Ratio of 0.18 can be compared against companies in the Banks industry. The industry median Quick Ratio is 1.92. The Graystone Co's value of 0.18 is 90.6% 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 Banks company?
The median Quick Ratio among Banks companies is 1.92, based on 46 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. The Graystone Co's current Quick Ratio of 0.18 is 90.6% 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 The Graystone Co and its competitors. For the Banks industry, the median Quick Ratio is 1.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Graystone Co's current Quick Ratio is 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Graystone Co stock overvalued right now?
The Graystone Co (GYST) has a current Quick Ratio of 0.18. The current Quick Ratio is 0.18 and 90.6% below the Banks industry median of 1.92. 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 The Graystone Co (GYST), the current Quick Ratio is 0.18 as of Sep. 2013. 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.
The Graystone Co Inc is a mortgage broker and lender. It is a mortgage brokerage firm that specializes in connecting clients with the ideal mortgage options tailored to their financial circumstances and goals. The company caters to various categories of customers from first-time homebuyers to seasoned investors, providing personalized guidance and support throughout the entire mortgage process.
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