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Credit Suisse Hedging-Griffo CV (BSP:HGRU11) Quick Ratio : 4.86 (As of Dec. 2023)


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What is Credit Suisse Hedging-Griffo CV 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. Credit Suisse Hedging-Griffo CV's quick ratio for the quarter that ended in Dec. 2023 was 4.86.

Credit Suisse Hedging-Griffo CV has a quick ratio of 4.86. It generally indicates good short-term financial strength.

The historical rank and industry rank for Credit Suisse Hedging-Griffo CV's Quick Ratio or its related term are showing as below:

BSP:HGRU11' s Quick Ratio Range Over the Past 10 Years
Min: 0.28   Med: 1.65   Max: 8.85
Current: 4.86

During the past 6 years, Credit Suisse Hedging-Griffo CV's highest Quick Ratio was 8.85. The lowest was 0.28. And the median was 1.65.

BSP:HGRU11's Quick Ratio is ranked better than
85.45% of 715 companies
in the REITs industry
Industry Median: 0.95 vs BSP:HGRU11: 4.86

Credit Suisse Hedging-Griffo CV Quick Ratio Historical Data

The historical data trend for Credit Suisse Hedging-Griffo CV'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.

Credit Suisse Hedging-Griffo CV Quick Ratio Chart

Credit Suisse Hedging-Griffo CV Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial 8.85 2.28 0.28 1.01 4.86

Credit Suisse Hedging-Griffo CV Semi-Annual Data
Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio Get a 7-Day Free Trial 8.85 2.28 0.28 1.01 4.86

Competitive Comparison of Credit Suisse Hedging-Griffo CV's Quick Ratio

For the REIT - Diversified subindustry, Credit Suisse Hedging-Griffo CV'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.


Credit Suisse Hedging-Griffo CV's Quick Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Credit Suisse Hedging-Griffo CV's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Credit Suisse Hedging-Griffo CV's Quick Ratio falls into.



Credit Suisse Hedging-Griffo CV 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.

Credit Suisse Hedging-Griffo CV'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
=(602.432-0)/124.005
=4.86

Credit Suisse Hedging-Griffo CV'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
=(602.432-0)/124.005
=4.86

* 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.


Credit Suisse Hedging-Griffo CV  (BSP:HGRU11) 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.


Credit Suisse Hedging-Griffo CV Quick Ratio Related Terms

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Credit Suisse Hedging-Griffo CV (BSP:HGRU11) Business Description

Traded in Other Exchanges
N/A
Address
Leopoldo Couto de Magalhaes Jr. Street, 700, 11th Floor- Itaim Bibi, Sao Paulo, SP, BRA, 04542-000
Credit Suisse Hedging-Griffo CV SA was established on April 27, 2018 in the form of a closed condominium. The purpose of the Fund is the exploitation of urban real estate projects for institutional and commercial use, which potentially generate income through disposal, leasing or leasing, if they meet the classification criteria and the Fund's investment policy, provided that the Fund will prioritize the acquisition of institutional or commercial real estate projects that are not corporate buildings, shopping malls or those in the logistics area".

Credit Suisse Hedging-Griffo CV (BSP:HGRU11) Headlines

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