Quick Ratio Analysis of Gildan Activewear Inc. - Deep Dive
Birds's Eye
Fundamentals
Fundamentals
Technicals
MovingAverage
Candlestick
PivotPointLatest FY Quick Ratio
Period Ending - Dec-23
Not Good Quick Ratio
0.826
Period Ending - Dec-22
Not Good Quick Ratio
0.781
Growth
5.79 %
Most recent Quarter Quick Ratio
Period Ending - Mar-24
Not Good Quick Ratio
0.919
Quick Ratio Analysis of Gildan Activewear Inc.
| Quick Ratio of Gildan Activewear Inc. with value of 0.919 indicates company has highly illiquid balance sheet ro pay its obligations in latest Quarter ending on Mar-24. |
| Quick Ratio of GIL has grown by 5.79 % Compared to previous Financial Year. |
| Quick Ratio with value of 2.27 was highest in Year Dec-20 in last Five Years. |
| Quick Ratio with value of 0.781 was lowest in Year Dec-22 in last Five Years. |
| Latest Quick Ratio with value of 0.826 is lower than Average Quick Ratio of 1.28 in last five years. |
Other Quick Ratio Related Info of GIL that may interest you.
Gildan Activewear Inc. Overview
| Code | Price | Previous Price | Price Change | Sector |
|---|---|---|---|---|
| GIL | 35.38 | 35.57 | 0.534 % | Apparel Manufacturing |
Defination of Quick Ratio
Quick assets are those assets that can be converted quickly into cash. It indicates whether the company can pay its current short-term obligations or not using its quick assets. This metric is an improved version of the current ratio. more ..
Quick Ratio Related Ratios
| CurrentRatio | ShortTermDebtToEquityRatio |
Tsr Stability Index
| Mild Stability | |
FY - Historical Quick Ratio of Gildan Activewear Inc.
| Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
|---|---|---|---|---|---|---|---|
| Quick Ratio | 0.826 | 0.781 | 1.45 | 2.27 | 1.09 | 1.28 | 1.40 |
| Change | 5.79 % | -46.20 % | -36.08 % | 107.54 % | -14.29 % | -8.90 % | -14.29 % |
FY Chart of Quick Ratio of Gildan Activewear Inc.
Note : All Data Generated at the End of Trading Hours (EOD Data)