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Galapagos Fdo De Fdo Fii Fdo Inv Imob (BSP:GCFF11) Quick Ratio : 42.97 (As of Jun. 2021)


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What is Galapagos Fdo De Fdo Fii Fdo Inv Imob Quick Ratio?

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. Galapagos Fdo De Fdo Fii Fdo Inv Imob's quick ratio for the quarter that ended in Jun. 2021 was 42.97.

Galapagos Fdo De Fdo Fii Fdo Inv Imob has a quick ratio of 42.97. It generally indicates good short-term financial strength.

The historical rank and industry rank for Galapagos Fdo De Fdo Fii Fdo Inv Imob's Quick Ratio or its related term are showing as below:

BSP:GCFF11's Quick Ratio is not ranked *
in the REITs industry.
Industry Median: 0.965
* Ranked among companies with meaningful Quick Ratio only.

Galapagos Fdo De Fdo Fii Fdo Inv Imob Quick Ratio Historical Data

The historical data trend for Galapagos Fdo De Fdo Fii Fdo Inv Imob'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.

Galapagos Fdo De Fdo Fii Fdo Inv Imob Quick Ratio Chart

Galapagos Fdo De Fdo Fii Fdo Inv Imob Annual Data
Trend Jun20 Jun21 Jun22
Quick Ratio
5.47 42.97 64.17

Galapagos Fdo De Fdo Fii Fdo Inv Imob Quarterly Data
Jun20 Jun21 Jun22
Quick Ratio 5.47 42.97 64.17

Competitive Comparison of Galapagos Fdo De Fdo Fii Fdo Inv Imob's Quick Ratio

For the REIT - Specialty subindustry, Galapagos Fdo De Fdo Fii Fdo Inv Imob'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.


Galapagos Fdo De Fdo Fii Fdo Inv Imob's Quick Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Galapagos Fdo De Fdo Fii Fdo Inv Imob's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Galapagos Fdo De Fdo Fii Fdo Inv Imob's Quick Ratio falls into.



Galapagos Fdo De Fdo Fii Fdo Inv Imob 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.

Galapagos Fdo De Fdo Fii Fdo Inv Imob's Quick Ratio for the fiscal year that ended in Jun. 2022 is calculated as

Quick Ratio (A: Jun. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(29.581-0)/0.461
=64.17

Galapagos Fdo De Fdo Fii Fdo Inv Imob's Quick Ratio for the quarter that ended in Jun. 2021 is calculated as

Quick Ratio (Q: Jun. 2021 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(32.269-0)/0.751
=42.97

* 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.


Galapagos Fdo De Fdo Fii Fdo Inv Imob  (BSP:GCFF11) 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.


Galapagos Fdo De Fdo Fii Fdo Inv Imob Quick Ratio Related Terms

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Galapagos Fdo De Fdo Fii Fdo Inv Imob (BSP:GCFF11) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Avenida Brigadeiro Faria Lima, 7th floor Jardim Paulistano, Sao Paulo, BRA

Galapagos Fdo De Fdo Fii Fdo Inv Imob (BSP:GCFF11) Headlines

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