Bunge (BGEPF.PFD) Quick Ratio

: 1.20 (As of Dec. 2023)

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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. Bunge's quick ratio for the quarter that ended in Dec. 2023 was 1.20.

Bunge has a quick ratio of 1.20. It generally indicates good short-term financial strength.

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

BGEPF.PFD' s Quick Ratio Range Over the Past 10 Years
Min: 0.72 Med: 0.86 Max: 1.2
Current: 1.2

During the past 13 years, Bunge's highest Quick Ratio was 1.20. The lowest was 0.72. And the median was 0.86.

BGEPF.PFD's Quick Ratio is ranked better than
57.13% of 1908 companies
in the Consumer Packaged Goods industry
Industry Median: 1.03 vs BGEPF.PFD: 1.20

Bunge Quick Ratio Historical Data

The historical data trend for Bunge'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.

Bunge Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

0.79

0.82

0.86

0.87

1.20

Bunge Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Quick Ratio																0.87	0.97	1.01	1.10	1.20

Competitive Comparison

For the Farm Products subindustry, Bunge'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.

Bunge Quick Ratio Distribution

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

* The bar in red indicates where Bunge's Quick Ratio falls into.

Bunge 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.

Bunge'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
	=	(16350	-	7105)	/	7687
	=	1.20

Bunge's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(16350	-	7105)	/	7687
	=	1.20

Bunge (OTCPK:BGEPF.PFD) 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.

Bunge Quick Ratio Related Terms

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Bunge (BGEPF.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bunge Ltd (OTCPK:BGEPF.PFD) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

BG:USA Q23:Germany BG:Argentina

Address

1391 Timberlake Manor Parkway, Chesterfield, MO, USA, 63017

Website

https://www.bunge.com

Bunge Global SA formerly Bunge Ltd is a global agribusiness and food company with operations along the farm-to-consumer food chain. The company segments include Agribusiness; Refined and Specialty Oils; Milling; Sugar and Bioenergy and Corporate and Other. It generates maximum revenue from the Agribusiness segment. The company is a leading oilseed processor and seller of packaged vegetable oils and other food and ingredients products.