Glenveagh Properties has a quick ratio of 1.12. It generally indicates good short-term financial strength.
The historical rank and industry rank for Glenveagh Properties's Quick Ratio or its related term are showing as below:
DUB:GVR'
s Quick Ratio Range Over the Past 10 Years
Min: 1.06 Med: 1.26 Max: 42.02
Current: 1.12
During the past 7 years, Glenveagh Properties's highest Quick Ratio was 42.02. The lowest was 1.06. And the median was 1.26.
DUB:GVR's Quick Ratio is ranked better than 60.95% of 105
companies
in the Homebuilding & Construction industry
Industry Median: 0.83
vs DUB:GVR: 1.12
Glenveagh Properties Quick Ratio Historical Data
The historical data trend for Glenveagh Properties'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.
Competitive Comparison of Glenveagh Properties's Quick Ratio
For the Residential Construction subindustry, Glenveagh Properties'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.
Glenveagh Properties's Quick Ratio Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Glenveagh Properties's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Glenveagh Properties's Quick Ratio falls into.
Glenveagh Properties 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.
Glenveagh Properties's Quick 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.
Glenveagh Properties (DUB:GVR) 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.
Glenveagh Properties Quick Ratio Related Terms
Thank you for viewing the detailed overview of Glenveagh Properties's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Glenveagh Properties (DUB:GVR) Business Description
Glenveagh Properties PLC is engaged in homebuilding in Ireland. The company is organised into three key reportable segments, 1) The Suburban segment is engaged in housing (with some low rise apartments) with demand coming from private buyers and institutions. 2) Urban segment is engaged in developing apartments to deliver to institutional investors. The apartments are located primarily in Dublin and Cork, but also on sites adjacent to significant rail transportation hubs. 3) Partnerships segment involves the Government, local authorities, or state agencies contributing their land on a reduced cost, or phased basis into a development agreement with Glenveagh. Approximately 50% of the product is delivered back to the government or local authority via social and affordable homes.
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