PGID (Peregrine Industries) Quick Ratio: 43.67 (As of Apr. 2024)

What is Peregrine Industries Quick Ratio?

Peregrine Industries PGID Quick Ratio is 43.67 as of Apr. 2024.

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. Peregrine Industries's quick ratio for the quarter that ended in Apr. 2024 was 43.67.

Peregrine Industries has a quick ratio of 43.67. It generally indicates good short-term financial strength.

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

PGID's Quick Ratio is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 1.12
* Ranked among companies with meaningful Quick Ratio only.

Peregrine Industries (OTCPK:PGID) 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.

Peregrine Industries Quick Ratio Related Terms

Peregrine Industries Quick Ratio Historical Data

* Premium members only.

The historical data trend for Peregrine Industries'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.

Peregrine Industries Quick Ratio Chart

Peregrine Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jul20

Jul21

Jul22

Jul23

Quick Ratio

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0.08

4.61

1.74

20.30

22.11

Peregrine Industries Quarterly Data
	Jun19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Quick Ratio	Get a 7-Day Free Trial															16.00	22.11	24.67	29.18	43.67

PGID vs SKVI, SNBH, XAGE: Quick Ratio Comparison

For the Household & Personal Products subindustry, Peregrine Industries'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.

Peregrine Industries Quick Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Peregrine Industries's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Peregrine Industries's Quick Ratio falls into.

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Peregrine Industries 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.

Peregrine Industries's Quick Ratio for the fiscal year that ended in Jul. 2023 is calculated as

Quick Ratio (A: Jul. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1.021	-	0.601)	/	0.019
	=	22.11

Peregrine Industries's Quick Ratio for the quarter that ended in Apr. 2024 is calculated as

Quick Ratio (Q: Apr. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.862	-	0.6)	/	0.006
	=	43.67

Frequently Asked Questions Learn more about Quick Ratio →

What does a Quick Ratio of 43.67 mean?

Peregrine Industries (PGID) has a Quick Ratio of 43.67 as of Apr. 2024. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Peregrine Industries and its competitors.

Is Peregrine Industries' Quick Ratio too high?

Peregrine Industries' current Quick Ratio is 43.67. The Consumer Packaged Goods industry median Quick Ratio is 1.12. Peregrine Industries' value of 43.67 is 3799.1% above this industry median.

How does Peregrine Industries' Quick Ratio compare to SKVI and SNBH?

Peregrine Industries' Quick Ratio of 43.67 can be compared against companies in the Consumer Packaged Goods industry. The industry median Quick Ratio is 1.12. Peregrine Industries' value of 43.67 is 3799.1% above 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 Consumer Packaged Goods company?

The median Quick Ratio among Consumer Packaged Goods companies is 1.12, based on 1,986 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. Peregrine Industries's current Quick Ratio of 43.67 is 3799.1% above 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 Peregrine Industries and its competitors. For the Consumer Packaged Goods industry, the median Quick Ratio is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Peregrine Industries's current Quick Ratio is 43.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Peregrine Industries stock overvalued right now?

Peregrine Industries (PGID) has a current Quick Ratio of 43.67. The current Quick Ratio is 43.67 and 3799.1% above the Consumer Packaged Goods industry median of 1.12. 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 Peregrine Industries (PGID), the current Quick Ratio is 43.67 as of Apr. 2024. 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.

Peregrine Industries Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies SKVI SNBH XAGE TANH BMXC PURE PG XPAR:OR LSE:ULVR CL BOM:500696 KMB LSE:RKT KVUE XTER:HEN3 XTER:BEI CHD EL TSE:4452 OSTO:ESSITY B

Address 4525 West Reno Avenue, Suite A5, Las Vegas, NV, USA, 89118

Website http://www.peregrineindustries.com.au

Peregrine Industries Inc is a shell company.