Global-Estate Resorts (PHS:GERI) Quick Ratio : 2.41 (As of Mar. 2024)

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What is Global-Estate Resorts 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. Global-Estate Resorts's quick ratio for the quarter that ended in Mar. 2024 was 2.41.

Global-Estate Resorts has a quick ratio of 2.41. It generally indicates good short-term financial strength.

The historical rank and industry rank for Global-Estate Resorts's Quick Ratio or its related term are showing as below:

PHS:GERI' s Quick Ratio Range Over the Past 10 Years
Min: 1.32 Med: 1.96 Max: 4.41
Current: 2.41

During the past 13 years, Global-Estate Resorts's highest Quick Ratio was 4.41. The lowest was 1.32. And the median was 1.96.

PHS:GERI's Quick Ratio is ranked better than
81.7% of 1825 companies
in the Real Estate industry
Industry Median: 0.81 vs PHS:GERI: 2.41

Global-Estate Resorts Quick Ratio Historical Data

The historical data trend for Global-Estate Resorts'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.

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Global-Estate Resorts Quick Ratio Chart

Global-Estate Resorts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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1.56

1.90

2.11

2.14

2.36

Global-Estate Resorts Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Quick Ratio	Get a 7-Day Free Trial															2.02	2.11	1.86	2.36	2.41

Competitive Comparison of Global-Estate Resorts's Quick Ratio

For the Real Estate Services subindustry, Global-Estate Resorts'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.

Global-Estate Resorts's Quick Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Global-Estate Resorts's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Global-Estate Resorts's Quick Ratio falls into.

Global-Estate Resorts 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.

Global-Estate Resorts'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
	=	(41154.083	-	21197.424)	/	8455.143
	=	2.36

Global-Estate Resorts's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(42058.845	-	21309.3)	/	8618.997
	=	2.41

Global-Estate Resorts (PHS:GERI) 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.

Global-Estate Resorts Quick Ratio Related Terms

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Global-Estate Resorts (PHS:GERI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Global-Estate Resorts Inc (PHS:GERI) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

9th floor, Eastwood Global Plaza, Palm Tree Avenue, Eastwood City, Bagumbayan, Quezon, ALB, PHL, 1110

Website

https://www.geri.com.ph

Global-Estate Resorts Inc is a developer of tourism estates in the Philippines. The company is engaged in the development of residential and office units including urban centers integrating office, residential and commercial components. It is organized segments such as Real Estate segment pertains to the development and sale of residential and office projects; Rental segment includes leasing of office and commercial spaces; Hotel operation segment include sale of food & beverages; Service Income segment relates to maintenance of golf courses, Hotel Operations segment includes hotel services, sale of food and beverages, and parties and events services. and Corporate and Others segment. The majority of its revenue is derived from Real Estate segment.