Agthia Group PJSC has a quick ratio of 0.87. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Agthia Group PJSC's Quick Ratio or its related term are showing as below:
ADX:AGTHIA'
s Quick Ratio Range Over the Past 10 Years
Min: 0.87 Med: 1.42 Max: 1.59
Current: 0.87
During the past 13 years, Agthia Group PJSC's highest Quick Ratio was 1.59. The lowest was 0.87. And the median was 1.42.
ADX:AGTHIA's Quick Ratio is ranked worse than 57.52% of 1909
companies
in the Consumer Packaged Goods industry
Industry Median: 1.03
vs ADX:AGTHIA: 0.87
Agthia Group PJSC Quick Ratio Historical Data
The historical data trend for Agthia Group PJSC'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 Agthia Group PJSC's Quick Ratio
For the Packaged Foods subindustry, Agthia Group PJSC'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.
Agthia Group PJSC's Quick Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Agthia Group PJSC's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Agthia Group PJSC's Quick Ratio falls into.
Agthia Group PJSC 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.
Agthia Group PJSC's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Agthia Group PJSC (ADX:AGTHIA) 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.
Agthia Group PJSC Quick Ratio Related Terms
Thank you for viewing the detailed overview of Agthia Group PJSC's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Agthia Group PJSC (ADX:AGTHIA) Business Description
Agthia Group PJSC is a food and beverage company that sells its products to customers across the UAE, GCC, Turkey, and the wider Middle East. Its product portfolio is categorized into segments, including flour and animal feed, water and beverages, processed fruits and vegetables, and dairy and frozen baked products. The company operates through two businesses: agribusiness, which manages, manufactures, distributes, and markets Grand Mills flour and Agrivita animal feed products; and consumer business, which operates in the food and beverage sector and provides products including bottled drinking water, juices, sauces, and dairy products.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ADX:AGTHIA has been successfully added to your 