Nigerian BreweriesNSA:NB -1.09%64 Quick Ratio is 0.49 as of Mar. 2026, which is 63% above its 10-year median of 0.30. GuruFocus rates NSA:NB with a GF Score™ of 64/100 and a GF Value™ of ₦30.66 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 214 Beverages - Alcoholic companies, Nigerian Breweries ranks worse than 78.97% on this metric.
Nigerian Breweries has a quick ratio of 0.49. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Nigerian Breweries's Quick Ratio or its related term are showing as below:
NSA:NB'
s Quick Ratio Range Over the Past 10 Years
Min: 0.18 Med: 0.3 Max: 0.49
Current: 0.49
During the past 13 years, Nigerian Breweries's highest Quick Ratio was 0.49. The lowest was 0.18. And the median was 0.30.
NSA:NB's Quick Ratio is ranked worse than 78.97% of 214
companies
in the Beverages - Alcoholic industry
Industry Median: 0.905
vs NSA:NB: 0.49
Nigerian Breweries (NSA:NB) 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.
Nigerian Breweries Quick Ratio Related Terms
Nigerian Breweries Quick Ratio Historical Data
* Premium members only.
The historical data trend for Nigerian Breweries'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 Beverages - Brewers subindustry, Nigerian Breweries'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.
Nigerian Breweries Quick Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Nigerian Breweries's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Nigerian Breweries'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.
Nigerian Breweries's Quick Ratio for the fiscal year that ended in Dec. 2025 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.
Nigerian Breweries (NSA:NB) has a Quick Ratio of 0.49 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Nigerian Breweries and its competitors. This is 63% above median its historical median of 0.30. Over the past decade, Nigerian Breweries' Quick Ratio has ranged from 0.18 to 0.49. According to the industry distribution chart, Nigerian Breweries ranks #169 out of 214 companies in the Beverages - Alcoholic industry, placing it in the top 79%.
Is Nigerian Breweries' Quick Ratio too high?
Nigerian Breweries' current Quick Ratio of 0.49 is 63% above median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.49. The Beverages - Alcoholic industry median Quick Ratio is 0.91. Nigerian Breweries' value of 0.49 is 45.9% below this industry median. Based on the distribution chart, Nigerian Breweries ranks #169 out of 214 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Nigerian Breweries has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nigerian Breweries' Quick Ratio compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Nigerian Breweries ranks #169 out of 214 companies for Quick Ratio. This places Nigerian Breweries in the lower half of its industry. The industry median Quick Ratio is 0.91. Nigerian Breweries' value of 0.49 is 45.9% below this benchmark. Historically, Nigerian Breweries' own Quick Ratio has ranged from 0.18 to 0.49 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 0.91, Nigerian Breweries has consistently been below the industry average. 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 Beverages - Alcoholic company?
The median Quick Ratio among Beverages - Alcoholic companies is 0.91, based on 214 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. Nigerian Breweries's current Quick Ratio of 0.49 is 45.9% 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 Nigerian Breweries and its competitors. For the Beverages - Alcoholic industry, the median Quick Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nigerian Breweries's current Quick Ratio is 0.49, which is 63% above median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nigerian Breweries stock overvalued right now?
Based on GuruFocus' analysis, Nigerian Breweries (NSA:NB) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦30.66, compared to a current price of ₦72.50 — trading 136.5% above its estimated fair value. The current Quick Ratio is 0.49, which is 63% above median its 10-year median of 0.30 and 45.9% below the Beverages - Alcoholic industry median of 0.91. Nigerian Breweries' overall GF Score™ is 64/100 with 2 warning signs to review. 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 Nigerian Breweries (NSA:NB), the current Quick Ratio is 0.49 as of Mar. 2026. 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.
Is Nigerian Breweries (NSA:NB) Overvalued in 2026?
Based on GuruFocus' analysis, Nigerian Breweries stock appears to be overvalued.
The current stock price of ₦72.50 is trading 136.5% above its estimated GF Value™ of ₦30.66.
GuruFocus considers Nigerian Breweries to be Significantly Overvalued.
Key valuation signals for NSA:NB:
Quick Ratio: 0.49 (63% above median its 10-year median of 0.30)
GF Value™: ₦30.66 vs. price of ₦72.50 (136.5% above fair value)
Industry Position: 45.9% below the Beverages - Alcoholic median (#169 of 214)
No single metric tells the full story. See the NSA:NB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nigerian Breweries PLC is a Brewing firm. The company's principal activities are brewing, marketing, and selling lager, stout, non-alcoholic malt, and soft drinks. Geographically, it derives a majority of its revenue from Nigeria and also has a presence in the United Kingdom, the Netherlands, the United States of America, Canada, some parts of Africa, and parts of the Middle East and Asia. The company's brands include Star, Goldberg, Turbo King, Ace Bitters, Gulder, Maltina, Legend Extra Stout, Amstel Malta, Heineken, Maltina Sip-it, Fayrouz, Goldberg, Malta Gold, and others.
64GF Score
Get the complete analysis for NSA:NB
Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSA:NB has been successfully added to your 
