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Gulf Investment House KSC (KUW:GIH) Quick Ratio : 9.89 (As of Dec. 2024)


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What is Gulf Investment House KSC 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. Gulf Investment House KSC's quick ratio for the quarter that ended in Dec. 2024 was 9.89.

Gulf Investment House KSC has a quick ratio of 9.89. It generally indicates good short-term financial strength.

The historical rank and industry rank for Gulf Investment House KSC's Quick Ratio or its related term are showing as below:

KUW:GIH' s Quick Ratio Range Over the Past 10 Years
Min: 0.5   Med: 8.46   Max: 18.12
Current: 9.89

During the past 13 years, Gulf Investment House KSC's highest Quick Ratio was 18.12. The lowest was 0.50. And the median was 8.46.

KUW:GIH's Quick Ratio is ranked better than
72.22% of 684 companies
in the Asset Management industry
Industry Median: 2.775 vs KUW:GIH: 9.89

Gulf Investment House KSC Quick Ratio Historical Data

The historical data trend for Gulf Investment House KSC'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.

Gulf Investment House KSC Quick Ratio Chart

Gulf Investment House KSC Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.86 18.12 7.05 6.59 9.89

Gulf Investment House KSC Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 6.59 5.20 5.40 7.36 9.89

Competitive Comparison of Gulf Investment House KSC's Quick Ratio

For the Asset Management subindustry, Gulf Investment House KSC'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.


Gulf Investment House KSC's Quick Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gulf Investment House KSC's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Gulf Investment House KSC's Quick Ratio falls into.


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Gulf Investment House KSC 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.

Gulf Investment House KSC's Quick Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Quick Ratio (A: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(19.41-0.93)/1.868
=9.89

Gulf Investment House KSC's Quick Ratio for the quarter that ended in Dec. 2024 is calculated as

Quick Ratio (Q: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(19.41-0.93)/1.868
=9.89

* 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.


Gulf Investment House KSC  (KUW:GIH) 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.


Gulf Investment House KSC Quick Ratio Related Terms

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Gulf Investment House KSC Business Description

Traded in Other Exchanges
N/A
Address
Fadh Al Salem Street, Al Qibla, P.O. Box 28808, Block 6, Safat, Kuwait City, KWT, 13149
Gulf Investment House KSC (GIH) is a financial services company. It is engaged in investment activities and related financial and advisory services. The company also trades and invests in properties. The company derives majority of its revenue from Investment. The operating segments of the group are Investments, Manufacturing and Real estate. It derives a majority of revenue from the Investments segment. It earns fees and commission income from a diverse range of asset management, investment banking, custody, and brokerage services provided to the customers.

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