Quick Ratio Analysis of Grindrod Shipping HLDG Ltd - Deep Dive
Latest FY Quick Ratio
Period Ending - Dec-23
Indecisive Quick Ratio
1.01
Period Ending - Dec-22
Not Good Quick Ratio
0.992
Growth
1.62 %
Most recent Quarter Quick Ratio
Period Ending - Dec-23
Indecisive Quick Ratio
1.01
Quick Ratio Analysis of Grindrod Shipping HLDG Ltd
Quick Ratio of Grindrod Shipping HLDG Ltd with value of 1.01 indicates company has highly illiquid balance sheet ro pay its obligations in latest Quarter ending on Dec-23. |
Quick Ratio of GRIN has grown by 1.62 % Compared to previous Financial Year. |
Quick Ratio with value of 1.47 was highest in Year Dec-21 in last Five Years. |
Quick Ratio with value of 0.627 was lowest in Year Dec-20 in last Five Years. |
Latest Quick Ratio with value of 1.01 is Greater than Average Quick Ratio of 1.00 in last five years. |
Other Quick Ratio Related Info of GRIN that may interest you.
Grindrod Shipping HLDG Ltd Overview
Code | Price | Previous Price | Price Change | Sector |
---|---|---|---|---|
GRIN | 13.63 | 13.78 | 1.09 % | Marine Shipping |
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 Grindrod Shipping HLDG Ltd
Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
---|---|---|---|---|---|---|---|
Quick Ratio | 1.01 | 0.992 | 1.47 | 0.627 | 0.913 | 1.98 | 1.09 |
Change | 1.62 % | -32.55 % | 134.61 % | -31.36 % | -53.84 % | 81.32 % | 3.59 % |
FY Chart of Quick Ratio of Grindrod Shipping HLDG Ltd
Note : All Data Generated at the End of Trading Hours (EOD Data)