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Greystone Logistics Inc   (GLGI)
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Greystone Logistics Inc 's Quick Ratio

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


Greystone Logistics Inc 's Cash & cash equivalent grew by 25.91 % in the Q2 2024 sequentially, faster than Current Liabilities, this led to improvement in Greystone Logistics Inc 's Quick Ratio to 0.74, above Greystone Logistics Inc average Quick Ratio.

Within Industrial Machinery and Components industry 4 other companies have achieved higher Quick Ratio than Greystone Logistics Inc in second quarter 2024. While Quick Ratio total ranking has improved so far during the Q2 2024 to 34, from total ranking in the first quarter 2024 at 49.

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


GLGI Quick Ratio (Nov 30 2024)
Q2
(Aug 31 2024)
Q1
(May 31 2024)
Q4
(Feb 29 2024)
Q3
(Nov 30 2023)
Q2
Y / Y Current Liabilities Change 3.81 % -3.52 % 19.32 % -3.15 % -20.86 %
Y / Y Cash & cash equivalent Change 16.92 % 27.08 % 733.2 % 392.78 % 310.44 %
Quick Ratio MRQ 0.74 0.59 0.81 0.59 0.65
GLGI's Total Ranking # 34 # 49 # 0 # 1354 # 1157
Seq. Current Liabilities Change 0.59 % -8.01 % -1.68 % 14.11 % -6.51 %
Seq. Cash & cash equivalent Change 25.91 % -33.01 % 34.23 % 3.26 % 36.86 %



Quick Ratio second quarter 2024 Company Ranking
Within: No.
Industrial Machinery and Components Industry # 5
Capital Goods Sector # 8
Overall Market # 34


Quick Ratio Statistics
High Average Low
0.81 0.19 0.02
(May 31 2024)   (Feb 28 2018)




Financial Statements
Greystone Logistics Inc 's Current Liabilities $ 7 Millions Visit GLGI's Balance sheet
Greystone Logistics Inc 's Cash & cash equivalent $ 5 Millions Visit GLGI's Balance sheet
Source of GLGI's Sales Visit GLGI's Sales by Geography


Cumulative Greystone Logistics Inc 's Quick Ratio

GLGI's Quick Ratio for the trailling 12 Months

GLGI Quick Ratio

(Nov 30 2024)
12 Months
(Aug 31 2024)
12 Months
(May 31 2024)
12 Months
(Feb 29 2024)
12 Months
(Nov 30 2023)
12 Months
Y / Y Current Liabilities TTM Growth 3.81 % -3.52 % 19.32 % -3.15 % -20.86 %
Y / Y Cash & cash equivalent TTM Growth 16.92 % 27.08 % 733.2 % 392.78 % 310.44 %
Quick Ratio TTM 0.68 0.66 0.63 0.46 0.33
Total Ranking TTM # 80 # 95 # 1006 # 2186 # 1162
Seq. Current Liabilities TTM Growth 0.59 % -8.01 % -1.68 % 14.11 % -6.51 %
Seq. Cash & cash equivalent TTM Growth 25.91 % -33.01 % 34.23 % 3.26 % 36.86 %


On the trailing twelve months basis GLGI Cash & cash equivalent increased by 16.92 % in Q2 2024 year on year, faster than Current Liabilities, this led to increase in in Greystone Logistics Inc 's Quick Ratio to 0.68, above GLGI average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Industrial Machinery and Components industry 3 other companies have achieved higher Quick Ratio than Greystone Logistics Inc . While Quick Ratio overall ranking has improved so far to 80, from total ranking during the twelve months ending first quarter 2024 at 95.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Industrial Machinery and Components Industry # 4
Capital Goods Sector # 8
Within the Market # 80


trailing twelve months Quick Ratio Statistics
High Average Low
0.68 0.18 0.04
(Nov 30 2024)   (May 31 2018)




Companies with similar Quick Ratio in the quarter ending Nov 30 2024, within Industrial Machinery and Components Industry Quick RatioNov 30 2024 MRQ Cash & cash equivalentNov 30 2024 MRQ Current Liabilities
Byrna Technologies Inc   1.96 $ 25.733  Millions$ 13.108  Millions
Sono Tek Corp  1.92 $ 12.681  Millions$ 6.619  Millions
Lam Research Corporation  1.66 $ 5,665.379  Millions$ 3,422.403  Millions
Lindsay Corporation  1.49 $ 194.066  Millions$ 129.849  Millions
Enerpac Tool Group Corp   1.09 $ 130.733  Millions$ 119.942  Millions
Neovolta Inc   0.98 $ 0.329  Millions$ 0.334  Millions
Standex International Corp  0.88 $ 121.147  Millions$ 138.153  Millions
Zurn Elkay Water Solutions Corporation  0.80 $ 198.000  Millions$ 247.800  Millions
Symbotic Inc   0.75 $ 903.034  Millions$ 1,196.851  Millions
Greystone Logistics Inc   0.74 $ 4.891  Millions$ 6.642  Millions
Zebra Technologies Corporation  0.72 $ 901.000  Millions$ 1,251.000  Millions
Amtech Systems Inc   0.70 $ 13.214  Millions$ 18.960  Millions
Championx Corp  0.66 $ 507.681  Millions$ 769.078  Millions
Enersys  0.65 $ 463.164  Millions$ 710.401  Millions
Atkore Inc   0.63 $ 310.444  Millions$ 489.320  Millions
Carrier Global Corporation  0.50 $ 3,969.000  Millions$ 7,892.000  Millions
Fluence Energy Inc   0.48 $ 607.356  Millions$ 1,261.367  Millions
Thermon Group Holdings inc   0.45 $ 38.744  Millions$ 85.527  Millions
Vontier Corporation  0.39 $ 356.400  Millions$ 909.200  Millions
Lennox International Inc   0.34 $ 422.300  Millions$ 1,239.900  Millions
Kennametal Inc   0.33 $ 121.151  Millions$ 370.128  Millions
Woodward Inc   0.31 $ 283.726  Millions$ 914.822  Millions
Spectrum Brands Holdings Inc   0.31 $ 179.900  Millions$ 587.200  Millions
Energizer Holdings Inc   0.25 $ 195.900  Millions$ 783.300  Millions
Graham Corporation  0.21 $ 30.046  Millions$ 140.925  Millions
Twin Disc Inc  0.16 $ 15.906  Millions$ 99.845  Millions

Date modified: 2025-01-16T22:26:53+00:00



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