The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. KAL Group's quick ratio for the quarter that ended in Mar. 2024 was 0.82.
KAL Group has a quick ratio of 0.82. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for KAL Group's Quick Ratio or its related term are showing as below:
JSE:KAL'
s Quick Ratio Range Over the Past 10 Years
Min: 0.68 Med: 0.82 Max: 0.98
Current: 0.82
During the past 10 years, KAL Group's highest Quick Ratio was 0.98. The lowest was 0.68. And the median was 0.82.
JSE:KAL's Quick Ratio is ranked worse than 52.19% of 1119
companies
in the Retail - Cyclical industry
Industry Median: 0.88
vs JSE:KAL: 0.82
KAL Group Quick Ratio Historical Data
The historical data trend for KAL Group's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Specialty Retail subindustry, KAL Group's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
KAL Group's Quick Ratio Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, KAL Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where KAL Group's Quick Ratio falls into.
KAL Group Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
KAL Group's Quick Ratio for the fiscal year that ended in Sep. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
KAL Group (JSE:KAL) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
KAL Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of KAL Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kaap Agri Ltd engages in the retail and trading of agricultural, and fuel, and related products. Its segments include the Agrimark segment which derives the majority of its revenue provides a range of production inputs, mechanization equipment and services, and other goods to agricultural producers as well as the public, The Retail Fuel and Convenience provides a full retail fuel offering to a diverse range of customers, including a convenience store and quick service restaurant outlets; Agrimark Grain segment includes the sale of grain products and provides a complete range of services including storage and handling of grain products and the Manufacturing segment manufactures and sells dripper pipe, other irrigation equipment, food-grade plastic bulk bins for the agricultural market.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
JSE:KAL has been successfully added to your 