Greif Bros Corporation (GEF)
Quick ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 197,700 | 180,900 | 147,100 | 124,600 | 105,900 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,011,900 | 939,300 | 1,047,900 | 1,314,100 | 1,000,100 |
| Quick ratio | 0.20 | 0.19 | 0.14 | 0.09 | 0.11 |
October 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($197,700K
+ $—K
+ $—K)
÷ $1,011,900K
= 0.20
The quick ratio of Greif Bros Corporation has exhibited fluctuations over the years, as indicated by the data provided. In October 31, 2020, the quick ratio stood at 0.11, reflecting a relatively low level of liquidity. Subsequently, in the following year, the ratio decreased to 0.09, indicating a further decline in the company's ability to meet its short-term obligations using its most liquid assets.
However, there was a notable improvement in the quick ratio in October 31, 2022, where it increased to 0.14, suggesting a better liquidity position compared to the previous year. This improvement was further highlighted in October 31, 2023, when the quick ratio rose to 0.19, indicating that the company had enhanced its ability to cover immediate liabilities with its quick assets.
By October 31, 2024, the quick ratio reached 0.20, signaling a continued positive trend in liquidity management for Greif Bros Corporation. Overall, the fluctuations in the quick ratio demonstrate the company's changing ability to meet short-term obligations with its readily available assets, indicating both challenges and improvements in liquidity management over the years.