Gerdau S.A.

Gerdau S.A.verified

GGB

Price:

$3.26

Market Cap:

$36.60B

Gerdau S.A. provides steel products and services. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It offers semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the construction and manufacturing industries; finished industrial products, including commercial rolled-steel bars, and light profiles and wires; agricultural products that include stakes and smooth wire products; and drawn products comprises barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire meshes, nails, an...[Read more]

Industry

Steel

IPO Date

1999-03-10

Stock Exchange

NYSE

Ticker

GGB

The Current Ratio as of September 2024 (TTM) for Gerdau S.A. (GGB) is 2.83

According to Gerdau S.A.’s latest financial reports and current stock price. The company's current Current Ratio is 2.83. This represents a change of 1.57% compared to the average of 2.79 of the last 4 quarters.

Gerdau S.A. (GGB) Historical Current Ratio (quarterly & annually)

How has GGB Current Ratio performed in the past?

The mean historical Current Ratio of Gerdau S.A. over the last ten years is 2.37. The current 2.83 Current Ratio has changed 11.86% with respect to the historical average. Over the past ten years (40 quarters), GGB's Current Ratio was at its highest in in the June 2023 quarter at 2.94. The Current Ratio was at its lowest in in the March 2019 quarter at 1.89.

Quarterly (TTM)
Annual

Average

2.37

Median

2.33

Minimum

2.04

Maximum

2.82

Gerdau S.A. (GGB) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Gerdau S.A. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 19.34%

Maximum Annual Current Ratio = 2.82

Minimum Annual Increase = -26.81%

Minimum Annual Current Ratio = 2.04

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.5911.44%
20222.32-0.15%
20212.3314.06%
20202.04-16.99%
20192.4619.34%
20182.06-11.71%
20172.3312.93%
20162.06-26.81%
20152.826.00%
20142.665.94%

Gerdau S.A. (GGB) Average Current Ratio

How has GGB Current Ratio performed in the past?

The current Current Ratio of Gerdau S.A. (GGB) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.41

5-year avg

2.35

10-year avg

2.37

Gerdau S.A. (GGB) Current Ratio vs. Peers

How is GGB’s Current Ratio compared to its peers?

Gerdau S.A.’s Current Ratio is less than Usinas Siderúrgicas de Minas Gerais S.A. (3.59), greater than Schnitzer Steel Industries, Inc. (1.96), greater than TimkenSteel Corporation (2.64), greater than Ternium S.A. (2.74), greater than ArcelorMittal S.A. (1.53), greater than POSCO Holdings Inc. (2.03), greater than Steel Dynamics, Inc. (2.35), less than Nucor Corporation (2.93), less than Reliance Steel & Aluminum Co. (5.02), less than Olympic Steel, Inc. (3.77), less than Universal Stainless & Alloy Products, Inc. (4.36), greater than Outokumpu Oyj (1.67),

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