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Green Rise Foods (TSXV:GRF) Quick Ratio : 0.08 (As of Sep. 2024)


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What is Green Rise Foods 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. Green Rise Foods's quick ratio for the quarter that ended in Sep. 2024 was 0.08.

Green Rise Foods has a quick ratio of 0.08. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Green Rise Foods's Quick Ratio or its related term are showing as below:

TSXV:GRF' s Quick Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.55   Max: 112.25
Current: 0.08

During the past 7 years, Green Rise Foods's highest Quick Ratio was 112.25. The lowest was 0.05. And the median was 0.55.

TSXV:GRF's Quick Ratio is ranked worse than
97.92% of 1922 companies
in the Consumer Packaged Goods industry
Industry Median: 1.08 vs TSXV:GRF: 0.08

Green Rise Foods Quick Ratio Historical Data

The historical data trend for Green Rise Foods'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.

Green Rise Foods Quick Ratio Chart

Green Rise Foods Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial 1.97 1.26 0.28 0.10 0.05

Green Rise Foods Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.24 0.05 0.10 0.14 0.08

Competitive Comparison of Green Rise Foods's Quick Ratio

For the Farm Products subindustry, Green Rise Foods'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.


Green Rise Foods's Quick Ratio Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Green Rise Foods's Quick Ratio falls into.



Green Rise Foods 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.

Green Rise Foods'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
=(3.431-0.99)/52.401
=0.05

Green Rise Foods's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(6.643-2.963)/45.559
=0.08

* 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.


Green Rise Foods  (TSXV:GRF) 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.


Green Rise Foods Quick Ratio Related Terms

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Green Rise Foods Business Description

Traded in Other Exchanges
N/A
Address
47 Colborne Street, Suite 301, Toronto, ON, CAN, M5E1P8
Green Rise Foods Inc is a grower of fresh produce. The company takes pride in providing high-quality, consistent, and reliable products to meet the growing consumer demand for locally-grown fresh produce. It seeks to optimize its operations to generate improved product quality and shelf life, expand profit margins, and provide investors with meaningful and growing returns. The seasonal operation consists of the growing, packaging, and sale of produce to the majority of its customers.
Executives
Enrico Lorenzo Paolone 10% Security Holder, Director, Senior Officer
Stanley A. Thomas Director