Greystone Logistics, Inc.

Greystone Logistics, Inc.verified

GLGI

Price:

$1.12

Market Cap:

$31.67M

Greystone Logistics, Inc., through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled plastic resins. The company offers rackable, can, nestable, display, monoblock, half-barrel and slim keg stackable, drum, and mid duty pallets. It sells its pallets directly, as well as through a network of independent contractor distributors. The company was formerly known as PalWeb Corporation and changed its name to Greystone Logistics, Inc. in March 2005. Greystone Logistics, Inc. was incorporated in 1969 and is based in Tulsa, Oklahoma.[Read more]

Industry

Chemicals - Specialty

IPO Date

2001-02-06

Stock Exchange

PNK

Ticker

GLGI

The Current Ratio as of November 2024 (TTM) for Greystone Logistics, Inc. (GLGI) is 2.11

According to Greystone Logistics, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.11. This represents a change of -3.09% compared to the average of 2.18 of the last 4 quarters.

Greystone Logistics, Inc. (GLGI) Historical Current Ratio (quarterly & annually)

How has GLGI Current Ratio performed in the past?

The mean historical Current Ratio of Greystone Logistics, Inc. over the last ten years is 1.06. The current 2.11 Current Ratio has changed 19.75% with respect to the historical average. Over the past ten years (40 quarters), GLGI's Current Ratio was at its highest in in the May 2024 quarter at 2.34. The Current Ratio was at its lowest in in the February 2018 quarter at 0.46.

Quarterly (TTM)
Annual

Average

1.06

Median

0.81

Minimum

0.69

Maximum

2.34

Greystone Logistics, Inc. (GLGI) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Greystone Logistics, Inc. 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 = 152.50%

Maximum Annual Current Ratio = 2.34

Minimum Annual Increase = -17.52%

Minimum Annual Current Ratio = 0.69

Quarterly (TTM)
Annual
YearCurrent RatioChange
20242.3427.79%
20231.83152.50%
20220.72-12.59%
20210.833.41%
20200.802.30%
20190.7813.52%
20180.69-14.75%
20170.81-1.25%
20160.82-17.52%
20150.9915.67%

Greystone Logistics, Inc. (GLGI) Average Current Ratio

How has GLGI Current Ratio performed in the past?

The current Current Ratio of Greystone Logistics, Inc. (GLGI) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.63

5-year avg

1.30

10-year avg

1.06

Greystone Logistics, Inc. (GLGI) Current Ratio vs. Peers

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

Greystone Logistics, Inc.’s Current Ratio is greater than TSS, Inc. (1.09), greater than Noble Roman's, Inc. (0.36), less than Pacific Health Care Organization, Inc. (16.15), less than Surge Components, Inc. (4.75), less than Galaxy Gaming, Inc. (4.97),

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