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. Greenyard NV's quick ratio for the quarter that ended in Sep. 2024 was 0.36.
Greenyard NV has a quick ratio of 0.36. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Greenyard NV's Quick Ratio or its related term are showing as below:
XBRU:GREEN'
s Quick Ratio Range Over the Past 10 Years
Min: 0.33 Med: 0.44 Max: 0.62
Current: 0.36
During the past 13 years, Greenyard NV's highest Quick Ratio was 0.62. The lowest was 0.33. And the median was 0.44.
XBRU:GREEN's Quick Ratio is ranked worse than 84.76% of 315
companies
in the Retail - Defensive industry
Industry Median: 0.85
vs XBRU:GREEN: 0.36
Greenyard NV Quick Ratio Historical Data
The historical data trend for Greenyard NV'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.
Competitive Comparison of Greenyard NV's Quick Ratio
For the Food Distribution subindustry, Greenyard NV'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.
Greenyard NV's Quick Ratio Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Greenyard NV's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Greenyard NV'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.
Greenyard NV's Quick Ratio for the fiscal year that ended in Mar. 2024 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.
Greenyard NV (XBRU:GREEN) 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.
Greenyard NV Quick Ratio Related Terms
Thank you for viewing the detailed overview of Greenyard NV's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Greenyard NV is a Belgium-based company that operates as a processor of field-fresh fruits and vegetables. It produces and supplies food products with a long shelf-life. The company's business is split into two segments, Fresh and Long Fresh. The Fresh segment is mainly active in supply of fresh products, fruit, and vegetables, flowers and plants, and logistics of fresh produce. There are two divisions in the Long Fresh segment, Frozen, and Prepared activities. Produce is frozen immediately after harvesting and preparation. At Prepared, it includes freshly preserved fruit, vegetables, mushrooms, and other ambient food products. The company's majority share of revenue is generated from Fresh products.
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