The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. G-Resources Group's current ratio for the quarter that ended in Dec. 2023 was 26.65.
G-Resources Group has a current ratio of 26.65. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for G-Resources Group's Current Ratio or its related term are showing as below:
GGPXF'
s Current Ratio Range Over the Past 10 Years
Min: 7.74 Med: 18.34 Max: 71.01
Current: 26.65
During the past 13 years, G-Resources Group's highest Current Ratio was 71.01. The lowest was 7.74. And the median was 18.34.
GGPXF's Current Ratio is ranked better than 83.53% of 686
companies
in the Asset Management industry
Industry Median: 3.02
vs GGPXF: 26.65
G-Resources Group Current Ratio Historical Data
The historical data trend for G-Resources Group's Current 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 G-Resources Group's Current Ratio
For the Asset Management subindustry, G-Resources Group's Current Ratio, along with its competitors' market caps and Current 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.
G-Resources Group's Current Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, G-Resources Group's Current Ratio distribution charts can be found below:
* The bar in red indicates where G-Resources Group's Current Ratio falls into.
G-Resources Group Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
G-Resources Group's Current 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.
G-Resources Group (OTCPK:GGPXF) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
G-Resources Group Current Ratio Related Terms
Thank you for viewing the detailed overview of G-Resources Group's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
G-Resources Group (G-Resources Group) Business Description
G-Resources Group Ltd is an investment and financial services company. The company is split across three segments: Principal investment business, Financial services business, and Real property business. The Principal investment business which derives majority revenue invests in listed and unlisted financial securities, including shares, bonds, and managed investments. The Financial services business generates revenue primarily from interest from money lending operations, and partly from commission income from financial services provided. The Real property business invests in Hong Kong commercial property and derives income through rent.
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