AgroFresh Solutions (NAS:AGFS) Quick Ratio

: 2.01 (As of Dec. 2022)

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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. AgroFresh Solutions's quick ratio for the quarter that ended in Dec. 2022 was 2.01.

AgroFresh Solutions has a quick ratio of 2.01. It generally indicates good short-term financial strength.

The historical rank and industry rank for AgroFresh Solutions's Quick Ratio or its related term are showing as below:

AGFS' s Quick Ratio Range Over the Past 10 Years
Min: 0.21 Med: 1.93 Max: 2.72
Current: 2.01

During the past 10 years, AgroFresh Solutions's highest Quick Ratio was 2.72. The lowest was 0.21. And the median was 1.93.

AGFS's Quick Ratio is ranked better than
76.51% of 1852 companies
in the Consumer Packaged Goods industry
Industry Median: 1.04 vs AGFS: 2.01

AgroFresh Solutions Quick Ratio Historical Data

The historical data trend for AgroFresh Solutions'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.

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AgroFresh Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Quick Ratio

1.85

2.20

2.49

2.72

2.01

AgroFresh Solutions Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Quick Ratio																2.72	2.77	2.50	2.41	2.01

Competitive Comparison

For the Farm Products subindustry, AgroFresh Solutions'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.

Annual Data Quarterly Data

AgroFresh Solutions Quick Ratio Distribution

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

* The bar in red indicates where AgroFresh Solutions's Quick Ratio falls in comparison to its industry or sector. The grey bar indicates the Quick Ratio's extreme value range as defined by GuruFocus.

AgroFresh Solutions 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.

AgroFresh Solutions's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(158.73	-	25.428)	/	66.435
	=	2.01

AgroFresh Solutions's Quick Ratio for the quarter that ended in Dec. 2022 is calculated as

Quick Ratio (Q: Dec. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(158.73	-	25.428)	/	66.435
	=	2.01

AgroFresh Solutions (NAS:AGFS) 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.

AgroFresh Solutions Quick Ratio Related Terms

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AgroFresh Solutions (NAS:AGFS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AgroFresh Solutions Inc (NAS:AGFS) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

35X:Germany

Address

510-530 Walnut Street, Suite 1350, One Washington Square, Philadelphia, PA, USA, 19106

Website

https://www.agrofresh.com

AgroFresh Solutions Inc creates agricultural technologies that preserve the quality and value of fresh produce and flowers. One such product is SmartFresh, which blocks the effects of ethylene and delays ripening while leaving no visible residue. Geographically, the company operates in North America, Latin America, EMEA, and Asia-Pacific. The majority of sales are recognized in the EMEA region. The firm provides its solutions to growers, packers, and retailers. Its operating segment includes AgroFresh Core and Tecnidex. The company generates maximum revenue from AgroFresh Core segment.

Executives

David Mcinerney	director	510-530 WALNUT STREET, SUITE 1350, PHILADELPHIA PA 19106
Peter Sykes	director	ONE WASHINGTON SQUARE, 510-530 WALNUT STREET, SUITE 1350, PHILADELPHIA PA 19106
John Atkin	director	510-530 WALNUT STREET, SUITE 1350, PHILADELPHIA PA 19106
Kay Kuenker	director	C/O AGROFRESH SOLUTIONS, INC., 510-530 WALNUT ST., SUITE 1350, PHILADELPHIA PA 19106
Lewis Clinton A. Jr.	director, officer: CEO	C/O ZOETIS INC., 100 CAMPUS DRIVE, FLORHAM PARK NJ 07940
Dow Inc.	10 percent owner	2211 H.H. DOW WAY, MIDLAND MI 48674
Peter Berweger	director	475 FIFTH AVENUE, 17TH FLOOR, NEW YORK NY 10017
Paine Schwartz Partners, Llc	director, 10 percent owner	475 FIFTH AVENUE, 17TH FLOOR, NEW YORK CITY NY 10017
Paine W Dexter Iii	10 percent owner	950 TOWER LANE, SUITE 1150, FOSTER CITY CA 94404
Paine Schwartz Food Chain Fund V Gp, L.p.	10 percent owner	475 FIFTH AVENUE, 17TH FLOOR, NEW YORK CITY NY 10017
Psp Agfs Holdings, L.p.	10 percent owner	475 FIFTH AVENUE, 17TH FLOOR, NEW YORK CITY NY 10017
Kevin Schwartz	10 percent owner	475 FIFTH AVENUE, 17TH FLOOR, NEW YORK CITY NY 10017
Paine Schwartz Food Chain Fund V Gp, Ltd.	10 percent owner	475 FIFTH AVENUE, 17TH FLOOR, NEW YORK CITY NY 10017
Alexander Corbacho	director	475 FIFTH AVENUE, 17TH FLOOR, NEW YORK NY 10017
Graham G Miao	officer: Chief Financial Officer	C/O PERNIX THERAPEUTICS HOLDINGS, INC., 10 NORTH PARK PLACE, SUITE 201, MORRISTOWN NJ 07960