Quick Ratio Analysis of Galecto Inc - Deep Dive
Latest FY Quick Ratio
Period Ending - Dec-23
Excellent Quick Ratio
6.31
Period Ending - Dec-22
Very Good Quick Ratio
5.55
Growth
13.63 %
Most recent Quarter Quick Ratio
Period Ending - Mar-24
Excellent Quick Ratio
7.07
Quick Ratio Analysis of Galecto Inc
Quick Ratio of Galecto Inc with value of 6.31 indicates company has liquid assets to pay its obligations. |
Quick Ratio of Galecto Inc with value of 7.07 indicates company has liquid assets to pay its obligations in latest Quarter ending on Mar-24. |
Quick Ratio of GLTO has grown by 13.63 % Compared to previous Financial Year. |
Quick Ratio with value of 29.83 was highest in Year Dec-20 in last Five Years. |
Quick Ratio with value of 5.55 was lowest in Year Dec-22 in last Five Years. |
Latest Quick Ratio with value of 6.31 is lower than Average Quick Ratio of 14.19 in last five years. |
Other Quick Ratio Related Info of GLTO that may interest you.
Galecto Inc Overview
Code | Price | Previous Price | Price Change | Sector |
---|---|---|---|---|
GLTO | 0.608 | 0.61 | 0.328 % | Biotechnology |
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
No Significant Stability |
FY - Historical Quick Ratio of Galecto Inc
Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 |
---|---|---|---|---|---|---|
Quick Ratio | 6.31 | 5.55 | 22.62 | 29.83 | 6.65 | 7.20 |
Change | 13.63 % | -75.46 % | -24.16 % | 348.39 % | -7.58 % |
FY Chart of Quick Ratio of Galecto Inc
Note : All Data Generated at the End of Trading Hours (EOD Data)