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Tortec Group Corporation  (GCNG)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services

Tortec Group's Quick Ratio

GCNG's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Tortec Group's Cash & cash equivalent grew by 1048.1 % in the II Quarter 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 66 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 5645.

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


GCNG Quick Ratio (Sep 30 2022)
II. Quarter
(Jun 30 2022)
I. Quarter
(Mar 31 2022)
IV. Quarter
(Dec 31 2021)
III. Quarter
(Sep 30 2021)
II. Quarter
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 # 5645 # 5606 # 6061 # 2539 # 4733
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 # 67
Capital Goods Sector # 299
Overall Market # 5645


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)
II. Quarter
(Jun 30 2022)
I. Quarter
(Mar 31 2022)
IV. Quarter
(Dec 31 2021)
III. Quarter
(Sep 30 2021)
II. Quarter
Y / Y Current Liabilities TTM Growth -1.55 % 7.92 % 201.54 % -93.97 % -93.96 %
Y / Y Cash & cash equivalent TTM Growth -42.63 % -98.86 % -96.12 % -98.22 % -81.7 %
Quick Ratio TTM 0.01 0.02 0.07 0.22 0.06
Total Ranking TTM # # # # #
Seq. Current Liabilities TTM Growth 2.24 % -62.01 % 128.79 % 10.78 % 12.08 %
Seq. Cash & cash equivalent TTM Growth 1048.1 % -81.28 % 141.14 % -88.93 % -77.13 %


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 66 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 5200.

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 # 67
Capital Goods Sector # 299
Within the Market # 5645


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 RatioSep 30 2022 MRQ Cash & cash equivalentSep 30 2022 MRQ Current Liabilities
Forge Innovation Development Corp  0.11 $ 0.018  Millions$ 0.168  Millions
Primoris Services Corporation  0.10 $ 111.937  Millions$ 1,085.634  Millions
Pultegroup Inc  0.10 $ 231.301  Millions$ 2,365.956  Millions
Matrix Service Co  0.09 $ 14.342  Millions$ 154.598  Millions
Willdan Group inc   0.08 $ 8.818  Millions$ 110.506  Millions
Brookfield Business Partners l p   0.07 $ 2,870.000  Millions$ 40,835.000  Millions
Concrete Pumping Holdings Inc   0.07 $ 7.482  Millions$ 110.280  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
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
Monterey Capital Acquisition Corporation  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
Originclear Inc   0.01 $ 0.530  Millions$ 43.087  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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