Argan Quick Ratio from 2010 to 2024

AGX Stock  USD 157.02  1.61  1.01%   
Argan Quick Ratio yearly trend continues to be fairly stable with very little volatility. Quick Ratio will likely drop to 1.42 in 2024. Quick Ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. View All Fundamentals
 
Quick Ratio  
First Reported
2010-12-31
Previous Quarter
1.77725799
Current Value
1.42
Quarterly Volatility
0.9467054
 
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Yuan Drop
 
Covid
Check Argan financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Argan's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.9 M, Interest Expense of 7.8 M or Total Revenue of 602 M, as well as many indicators such as Price To Sales Ratio of 1.26, Dividend Yield of 0.0228 or PTB Ratio of 3.36. Argan financial statements analysis is a perfect complement when working with Argan Valuation or Volatility modules.
  
Check out the analysis of Argan Correlation against competitors.

Latest Argan's Quick Ratio Growth Pattern

Below is the plot of the Quick Ratio of Argan Inc over the last few years. It is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. Argan's Quick Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Argan's overall financial position and show how it may be relating to other accounts over time.
Quick Ratio10 Years Trend
Pretty Stable
   Quick Ratio   
       Timeline  

Argan Quick Ratio Regression Statistics

Arithmetic Mean2.07
Geometric Mean1.92
Coefficient Of Variation45.66
Mean Deviation0.56
Median1.81
Standard Deviation0.95
Sample Variance0.90
Range4.2826
R-Value0.25
Mean Square Error0.91
R-Squared0.06
Significance0.37
Slope0.05
Total Sum of Squares12.55

Argan Quick Ratio History

2024 1.42
2023 1.78
2022 2.11
2021 2.27
2020 1.98
2019 2.93
2018 5.06

About Argan Financial Statements

Argan investors use historical fundamental indicators, such as Argan's Quick Ratio, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Argan. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Quick Ratio 1.78  1.42 

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Additional Tools for Argan Stock Analysis

When running Argan's price analysis, check to measure Argan's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Argan is operating at the current time. Most of Argan's value examination focuses on studying past and present price action to predict the probability of Argan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argan's price. Additionally, you may evaluate how the addition of Argan to your portfolios can decrease your overall portfolio volatility.