GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Grab2Go AS (OTSE:GRB2G) » Definitions » Quick Ratio

Grab2Go AS (OTSE:GRB2G) Quick Ratio : 1.36 (As of Jun. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Grab2Go AS 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. Grab2Go AS's quick ratio for the quarter that ended in Jun. 2024 was 1.36.

Grab2Go AS has a quick ratio of 1.36. It generally indicates good short-term financial strength.

The historical rank and industry rank for Grab2Go AS's Quick Ratio or its related term are showing as below:

OTSE:GRB2G' s Quick Ratio Range Over the Past 10 Years
Min: 0.5   Med: 3.51   Max: 5.71
Current: 1.36

During the past 3 years, Grab2Go AS's highest Quick Ratio was 5.71. The lowest was 0.50. And the median was 3.51.

OTSE:GRB2G's Quick Ratio is ranked worse than
51.47% of 3023 companies
in the Industrial Products industry
Industry Median: 1.39 vs OTSE:GRB2G: 1.36

Grab2Go AS Quick Ratio Historical Data

The historical data trend for Grab2Go AS'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.

Grab2Go AS Quick Ratio Chart

Grab2Go AS Annual Data
Trend Dec21 Dec22 Dec23
Quick Ratio
0.86 0.50 5.65

Grab2Go AS Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
Quick Ratio - 0.50 5.71 5.65 1.36

Competitive Comparison of Grab2Go AS's Quick Ratio

For the Business Equipment & Supplies subindustry, Grab2Go AS'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.


Grab2Go AS's Quick Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Grab2Go AS's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Grab2Go AS's Quick Ratio falls into.



Grab2Go AS 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.

Grab2Go AS'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
=(0.237-0.141)/0.017
=5.65

Grab2Go AS's Quick Ratio for the quarter that ended in Jun. 2024 is calculated as

Quick Ratio (Q: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.181-0.166)/0.011
=1.36

* 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.


Grab2Go AS  (OTSE:GRB2G) 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.


Grab2Go AS Quick Ratio Related Terms

Thank you for viewing the detailed overview of Grab2Go AS's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Grab2Go AS Business Description

Traded in Other Exchanges
N/A
Address
Veskiposti tn 2-1002, Harju maakond, Tallinn, EST, 10138
Grab2Go AS develops and manufactures autonomous, unmanned, and robotic convenience store and pharmacy technology. Its technology and solutions make it possible to achieve a significant increase in efficiency, resource savings, and a better consumer experience in the operation of convenience stores, pharmacies, and other similar points of sale. The company has developed a Cloud Platform to remotely manage and operate its Autonomous Stores in Real-Time. The company earns revenue from the sale of hardware solutions (machines) (one-time revenue), maintenance of hardware solutions (machines) (periodic payments), licensing of software solutions (periodic payments), and software development.

Grab2Go AS Headlines

No Headlines