Gamla Harel Residential Real Estate (XTAE:GMLA) Quick Ratio: 1.30 (As of Dec. 2024)

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XTAE:GMLA Gamla Harel Residential Real Estate Ltd XTAE:GMLA
9 GF Score
Price ₪6.64
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What is Gamla Harel Residential Real Estate Quick Ratio?

Gamla Harel Residential Real Estate XTAE:GMLA 9 Quick Ratio is 1.30 as of Dec. 2024. GuruFocus rates XTAE:GMLA with a GF Score™ of 9/100.

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. Gamla Harel Residential Real Estate's quick ratio for the quarter that ended in Dec. 2024 was 1.30.

Gamla Harel Residential Real Estate has a quick ratio of 1.30. It generally indicates good short-term financial strength.

The historical rank and industry rank for Gamla Harel Residential Real Estate's Quick Ratio or its related term are showing as below:

XTAE:GMLA's Quick Ratio is not ranked *
in the Credit Services industry.
Industry Median: 3.635
* Ranked among companies with meaningful Quick Ratio only.

Gamla Harel Residential Real Estate  (XTAE:GMLA) 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.


Gamla Harel Residential Real Estate Quick Ratio Related Terms


Gamla Harel Residential Real Estate Quick Ratio Historical Data

* Premium members only.

The historical data trend for Gamla Harel Residential Real Estate'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.

Gamla Harel Residential Real Estate Quick Ratio Chart

Gamla Harel Residential Real Estate Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Quick Ratio
Get a 7-Day Free Trial 1.21 1.48 1.12 1.40 1.30

Gamla Harel Residential Real Estate Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.40 1.68 1.71 1.47 1.30

XTAE:GMLA vs V, MA, AXP: Quick Ratio Comparison

For the Credit Services subindustry, Gamla Harel Residential Real Estate'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.


Gamla Harel Residential Real Estate Quick Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Gamla Harel Residential Real Estate's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Gamla Harel Residential Real Estate's Quick Ratio falls into.


XTAE:GMLA
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Gamla Harel Residential Real Estate Ltd XTAE:GMLA
Quick Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Gamla Harel Residential Real Estate 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.

Gamla Harel Residential Real Estate's Quick Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Quick Ratio (A: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(513.279-0)/393.798
=1.30

Gamla Harel Residential Real Estate's Quick Ratio for the quarter that ended in Dec. 2024 is calculated as

Quick Ratio (Q: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(513.279-0)/393.798
=1.30

* 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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 1.30 mean?
Gamla Harel Residential Real Estate (XTAE:GMLA) has a Quick Ratio of 1.30 as of Dec. 2024. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Gamla Harel Residential Real Estate and its competitors.
Is Gamla Harel Residential Real Estate's Quick Ratio too high?
Gamla Harel Residential Real Estate's current Quick Ratio is 1.30. The Credit Services industry median Quick Ratio is 3.64. Gamla Harel Residential Real Estate's value of 1.30 is 64.2% below this industry median. Overall, Gamla Harel Residential Real Estate has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Gamla Harel Residential Real Estate's Quick Ratio compare to V and MA?
Gamla Harel Residential Real Estate's Quick Ratio of 1.30 can be compared against companies in the Credit Services industry. The industry median Quick Ratio is 3.64. Gamla Harel Residential Real Estate's value of 1.30 is 64.2% below 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 Credit Services company?
The median Quick Ratio among Credit Services companies is 3.64, based on 400 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. Gamla Harel Residential Real Estate's current Quick Ratio of 1.30 is 64.2% below 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 Gamla Harel Residential Real Estate and its competitors. For the Credit Services industry, the median Quick Ratio is 3.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gamla Harel Residential Real Estate's current Quick Ratio is 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gamla Harel Residential Real Estate stock overvalued right now?
Gamla Harel Residential Real Estate (XTAE:GMLA) has a current Quick Ratio of 1.30. The current Quick Ratio is 1.30 and 64.2% below the Credit Services industry median of 3.64. Gamla Harel Residential Real Estate's overall GF Score™ is 9/100. 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 Gamla Harel Residential Real Estate (XTAE:GMLA), the current Quick Ratio is 1.30 as of Dec. 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.

Gamla Harel Residential Real Estate Business Description

Address 132 Menachem Begin Road, Azrieli Center, Tel Aviv Yafo, ISR, 6701101
Gamla Harel Residential Real Estate Ltd is engaged in initiating, underwriting and operating loans in the real estate industry including by providing supplementary financing inferior credit for projects whose main purpose is to reside in Israel.
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Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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