Tortec Group's Cash & cash equivalent grew by 1048.1 % in the Q2 2022 sequentially, faster than Current Liabilities, this led to improvement in Tortec Group's Quick Ratio to 0.04, Quick Ratio remained below Tortec Group Corporation average.

Within Construction Services industry 68 other companies have achieved higher Quick Ratio than Tortec Group in second quarter 2022. While Quick Ratio total ranking in the second quarter 2022 has deteriorated compared to the prior quarter from 5606 to 5652.

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GCNG Quick Ratio	(Sep 30 2022) Q2	(Jun 30 2022) Q1	(Mar 31 2022) Q4	(Dec 31 2021) Q3	(Sep 30 2021) Q2
Y / Y Current Liabilities Change	-1.55 %	7.92 %	201.54 %	-93.97 %	-93.96 %
Y / Y Cash & cash equivalent Change	-42.63 %	-98.86 %	-96.12 %	-98.22 %	-81.7 %
Quick Ratio MRQ	0.04	0	0.01	0.01	0.07
GCNG's Total Ranking	# 5652	# 5606	# 6061	# 2539	# 5395
Seq. Current Liabilities Change	2.24 %	-62.01 %	128.79 %	10.78 %	12.08 %
Seq. Cash & cash equivalent Change	1048.1 %	-81.28 %	141.14 %	-88.93 %	-77.13 %

Quick Ratio second quarter 2022 Company Ranking
Within:	No.
Construction Services Industry	# 69
Capital Goods Sector	# 302
Overall Market	# 5652

Quick Ratio Statistics
High	Average	Low
10.49	0.94	0
(Dec 31 2017)		(Jun 30 2022)

Financial Statements
Tortec Group's Current Liabilities	$ 0 Millions	Visit GCNG's Balance sheet
Tortec Group's Cash & cash equivalent	$ 0 Millions	Visit GCNG's Balance sheet
Source of GCNG's Sales		Visit GCNG's Sales by Geography

Cumulative Tortec Group's Quick Ratio

GCNG's Quick Ratio for the trailling 12 Months

GCNG Quick Ratio	(Sep 30 2022) 12 Months	(Jun 30 2022) 12 Months	(Mar 31 2022) 12 Months	(Dec 31 2021) 12 Months	(Sep 30 2021) 12 Months
Y / Y Current Liabilities TTM Growth	-73.53 %	-84.71 %	-88.6 %	-93.63 %	-69.03 %
Y / Y Cash & cash equivalent TTM Growth	-94.57 %	-93.77 %	-85.25 %	-64.33 %	-63.69 %
Quick Ratio TTM	0.01	0.02	0.07	0.22	0.06
Total Ranking TTM	# 5202	# 0	# 5660	# 4289	# 5678
Seq. Current Liabilities TTM Growth	-0.28 %	1.28 %	44.11 %	-81.81 %	-42.4 %
Seq. Cash & cash equivalent TTM Growth	-29.86 %	-75.17 %	-53.49 %	-33.02 %	-19.48 %

Quick ratio ranking by company, industry and sector >> Back to GCNG Financial Strength Comparisons >> Go to Compare GCNG Quick Ratio to its Competitors

On the trailing twelve months basis In spite of the year on year decrease in GCNG's Current Liabilities to $0.02 millions, cumulative Quick Ratio to 0.01 below the GCNG average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Construction Services industry 68 other companies have achieved higher Quick Ratio than Tortec Group. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2022 from 0 to 5202.

Explain Quick Ratio?
How much Cash & cash equivalents GCNG�s has?
What are GCNG�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Construction Services Industry	# 69
Capital Goods Sector	# 302
Within the Market	# 5202

trailing twelve months Quick Ratio Statistics
High	Average	Low
10.49	0.94	0
(Dec 31 2017)		(Jun 30 2022)

Companies with similar Quick Ratio in the quarter ending Sep 30 2022, within Construction Services Industry	Quick Ratio	Sep 30 2022 MRQ Cash & cash equivalent	Sep 30 2022 MRQ Current Liabilities
Forge Innovation Development Corp	0.11	$ 0.018 Millions	$ 0.168 Millions
Dream Homes and Development Corporation	0.10	$ 0.428 Millions	$ 4.435 Millions
Matrix Service Co	0.09	$ 14.342 Millions	$ 154.598 Millions
Willdan Group inc	0.08	$ 8.818 Millions	$ 110.506 Millions
Concrete Pumping Holdings Inc	0.07	$ 7.482 Millions	$ 111.435 Millions
Quanta Services Inc	0.06	$ 215.395 Millions	$ 3,346.221 Millions
Myr Group inc	0.06	$ 35.767 Millions	$ 585.014 Millions
Brookfield Business Corporation	0.06	$ 736.000 Millions	$ 12,498.000 Millions
Freedom Acquisition I Corp	0.05	$ 0.170 Millions	$ 3.288 Millions
Gaucho Group Holdings Inc	0.05	$ 0.261 Millions	$ 5.309 Millions
Mastec Inc	0.05	$ 95.676 Millions	$ 1,986.483 Millions
Tortec Group Corporation	0.04	$ 0.001 Millions	$ 0.023 Millions
Token Communities Ltd	0.03	$ 0.050 Millions	$ 1.487 Millions
Connectm Technology Solutions Inc	0.03	$ 0.029 Millions	$ 1.009 Millions
Orion Group Holdings Inc	0.02	$ 2.737 Millions	$ 164.338 Millions
International Land Alliance Inc	0.02	$ 0.096 Millions	$ 6.054 Millions
Abco Energy Inc	0.01	$ 0.017 Millions	$ 1.115 Millions
Williams Industrial Services Group Inc	0.01	$ 0.468 Millions	$ 49.795 Millions

Date modified: 2023-03-24T11:19:46+00:00

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