Puregold Price Club (Puregold Price Club) Quick Ratio : 1.80 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Puregold Price Club 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. Puregold Price Club's quick ratio for the quarter that ended in Dec. 2023 was 1.80.

Puregold Price Club has a quick ratio of 1.80. It generally indicates good short-term financial strength.

The historical rank and industry rank for Puregold Price Club's Quick Ratio or its related term are showing as below:

PRGLY' s Quick Ratio Range Over the Past 10 Years
Min: 0.66 Med: 1.11 Max: 2.58
Current: 1.8

During the past 13 years, Puregold Price Club's highest Quick Ratio was 2.58. The lowest was 0.66. And the median was 1.11.

PRGLY's Quick Ratio is ranked better than
79.71% of 1119 companies
in the Retail - Cyclical industry
Industry Median: 0.88 vs PRGLY: 1.80

Puregold Price Club Quick Ratio Historical Data

The historical data trend for Puregold Price Club'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.

Puregold Price Club Quick Ratio Chart

Puregold Price Club Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

Get a 7-Day Free Trial

1.32

2.23

2.58

1.70

1.80

Puregold Price Club Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Quick Ratio	Get a 7-Day Free Trial															1.70	2.04	2.41	2.28	1.80

Competitive Comparison of Puregold Price Club's Quick Ratio

For the Department Stores subindustry, Puregold Price Club'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.

Puregold Price Club's Quick Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Puregold Price Club's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Puregold Price Club's Quick Ratio falls into.

Puregold Price Club 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.

Puregold Price Club'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
	=	(1378.122	-	475.237)	/	502.36
	=	1.80

Puregold Price Club's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1378.122	-	475.237)	/	502.36
	=	1.80

Puregold Price Club (OTCPK:PRGLY) 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.

Puregold Price Club Quick Ratio Related Terms

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

Puregold Price Club (Puregold Price Club) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Puregold Price Club Inc (OTCPK:PRGLY) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

PGOLD:Philippines

Address

No. 900 Romualdez Street, 2nd Floor, Tabacalera Building, Paco, Manila, PHL, 1007

Website

https://www.puregold.com.ph

Puregold Price Club Inc is involved in the business of trading goods such as consumer products (canned goods, housewares, toiletries, dry goods, food products, pharmaceutical and medical goods). The stores are classified as Hypermarkets, Supermarkets, Extras and Mini-marts. Hypermarkets offer a wide variety of food and non-food products. Supermarkets offer a higher proportion of food to non-food products. Mini-marts serves as a community store, selling fast-moving essential goods to high-density neighbourhoods.