GEN Restaurant Group has a quick ratio of 0.94. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for GEN Restaurant Group's Quick Ratio or its related term are showing as below:
GENK'
s Quick Ratio Range Over the Past 10 Years
Min: 0.33 Med: 1.06 Max: 1.42
Current: 0.94
During the past 5 years, GEN Restaurant Group's highest Quick Ratio was 1.42. The lowest was 0.33. And the median was 1.06.
GENK's Quick Ratio is ranked better than 53.71% of 350
companies
in the Restaurants industry
Industry Median: 0.895
vs GENK: 0.94
GEN Restaurant Group Quick Ratio Historical Data
The historical data trend for GEN Restaurant Group'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 GEN Restaurant Group's Quick Ratio
For the Restaurants subindustry, GEN Restaurant Group'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.
GEN Restaurant Group's Quick Ratio Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, GEN Restaurant Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where GEN Restaurant Group's Quick Ratio falls into.
GEN Restaurant Group 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.
GEN Restaurant Group'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.
GEN Restaurant Group (NAS:GENK) 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.
GEN Restaurant Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of GEN Restaurant Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
GEN Restaurant Group (GEN Restaurant Group) Business Description
GEN Restaurant Group Inc is engaged in GEN Korean BBQ which is one of the largest Asian casual dining restaurants. It offers an extensive menu of traditional Korean and Korean-American food, including high-quality meats, poultry, seafood and mixed vegetables, all at a superior value. Its restaurants have modern decor, lively Korean pop music playing in the background and embedded grills in the center of each table. Its food is served family style and requires guests to share and coordinate their cooking responsibilities, which fosters more meaningful interaction than traditional casual dining. The company believes in its unique culinary experience appeals to a vast segment of the population, particularly Millennials and Gen Z.
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