Greif Bros Corporation (GEF)
Quick 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 | 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 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($201,100K
+ $—K
+ $—K)
÷ $877,500K
= 0.23
The quick ratio of Greif Bros Corporation has shown fluctuations over the past few years, ranging from 0.08 to 0.23. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
The quick ratio was relatively low in the earlier periods, indicating potential liquidity challenges. However, in recent periods, the quick ratio has improved, surpassing 1 in some quarters, which signifies a stronger liquidity position.
It is important to note that a quick ratio of 0.23 as of January 31, 2025, suggests that the company has improved its ability to cover its short-term obligations with its quick assets. This may indicate better management of working capital and financial stability.
Overall, the trend in Greif Bros Corporation's quick ratio indicates progress towards a healthier liquidity position, which is crucial for the company's financial health and stability.