Greif Bros Corporation (GEF)
Cash ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 201,100 | 197,700 | 194,200 | 196,000 | 179,300 | 180,900 | 157,700 | 158,500 | 161,000 | 147,100 | 127,500 | 108,700 | 119,700 | 124,600 | 99,800 | 110,400 | 101,400 | 105,900 | 98,500 | 72,400 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1,400 | — | — | — |
| Total current liabilities | US$ in thousands | 877,500 | 1,014,400 | 1,010,200 | 1,026,400 | 882,700 | 939,300 | 951,200 | 937,400 | 880,500 | 1,047,900 | 1,116,000 | 1,121,900 | 1,280,500 | 1,314,100 | 1,241,700 | 1,109,900 | 990,500 | 1,000,100 | 914,900 | 840,500 |
| Cash ratio | 0.23 | 0.19 | 0.19 | 0.19 | 0.20 | 0.19 | 0.17 | 0.17 | 0.18 | 0.14 | 0.11 | 0.10 | 0.09 | 0.09 | 0.08 | 0.10 | 0.10 | 0.11 | 0.11 | 0.09 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($201,100K
+ $—K)
÷ $877,500K
= 0.23
The cash ratio of Greif Bros Corporation has shown a fluctuating trend over the past few years, with values ranging from 0.08 to 0.23. The cash ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The lowest cash ratio was observed in July 2021 at 0.08, which implies that Greif Bros had a relatively lower amount of cash on hand compared to its current liabilities during that period. On the other hand, the highest cash ratio was recorded in January 2025 at 0.23, indicating an improved ability to meet short-term obligations with available cash reserves.
Overall, while the cash ratio has shown some variability, it is important to assess it in conjunction with other liquidity ratios to get a more comprehensive understanding of Greif Bros' liquidity position and financial stability.