Greif Bros Corporation (GEF)
Quick ratio
| 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 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 90,800 | 77,300 | 75,800 | 89,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 639,200 | 659,400 | 682,700 | 727,000 | 674,200 | 749,100 | 868,700 | 880,300 | 816,100 | 889,500 | 834,700 | 751,100 | 679,700 | 636,600 | 624,500 | 640,500 | 641,700 | 664,200 | 724,800 | 704,800 |
| Total current liabilities | US$ in thousands | 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 | 824,200 | 825,400 | 837,000 | 809,400 |
| Quick ratio | 0.93 | 0.89 | 0.88 | 0.94 | 0.95 | 0.86 | 0.89 | 0.88 | 0.73 | 0.77 | 0.75 | 0.78 | 0.79 | 0.74 | 0.79 | 0.85 | 0.89 | 0.90 | 0.96 | 0.98 |
January 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($179,300K
+ $—K
+ $639,200K)
÷ $882,700K
= 0.93
The quick ratio of Greif Inc, which measures the company's ability to meet its short-term obligations with its most liquid assets, has shown some fluctuation in recent quarters.
In Q1 2024, the quick ratio stood at 1.15, indicating that Greif had $1.15 in liquid assets available to cover each $1 of its current liabilities. This ratio has been relatively stable in the range of 1.04 to 1.17 over the past eight quarters.
The quick ratio has generally been above 1, suggesting that Greif has an adequate level of liquid assets to meet its short-term obligations. A ratio below 1 would typically indicate a liquidity issue.
Overall, the trend in Greif's quick ratio indicates a reasonable ability to cover its short-term liabilities with liquid assets, providing some assurance of the company's liquidity position.