Grindrod Shipping Holdings Ltd.
GRIN
Price:
$14.2
Market Cap:
$279.54M
Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. It operates a fleet of 32 vessels consisting of 24 owned dry bulk carriers and 7 long-term chartered-in dry bulk carriers that transport a range of bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers. The company also operates one owned tanker, which carry petroleum products, such as petrol, diesel, jet fuel, and naptha, as well as heavy fuel oil; and low hazard chemical products comprising liquid bulk vegetable oils. Its customers include shipping companies, trading houses, mining ...[Read more]
Industry
Marine Shipping
IPO Date
2018-06-18
Stock Exchange
NASDAQ
Ticker
GRIN
The Current Ratio as of September 2024 (TTM) for Grindrod Shipping Holdings Ltd. (GRIN) is 1.13
According to Grindrod Shipping Holdings Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 1.13. This represents a change of -22.34% compared to the average of 1.46 of the last 4 quarters.
Grindrod Shipping Holdings Ltd. (GRIN) Historical Current Ratio (quarterly & annually)
How has GRIN Current Ratio performed in the past?
The mean historical Current Ratio of Grindrod Shipping Holdings Ltd. over the last ten years is 1.22. The current 1.13 Current Ratio has changed 9.18% with respect to the historical average. Over the past ten years (40 quarters), GRIN's Current Ratio was at its highest in in the September 2022 quarter at 2.25. The Current Ratio was at its lowest in in the March 2017 quarter at 0.
Average
1.22
Median
1.14
Minimum
0.70
Maximum
2.17
Grindrod Shipping Holdings Ltd. (GRIN) Current Ratio by Quarter and Year
Discovering the peaks and valleys of Grindrod Shipping Holdings Ltd. 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 = 129.69%
Maximum Annual Current Ratio = 2.17
Minimum Annual Increase = -51.41%
Minimum Annual Current Ratio = 0.70
| Year | Current Ratio | Change |
|---|---|---|
| 2023 | 1.13 | -2.43% |
| 2022 | 1.16 | -27.89% |
| 2021 | 1.61 | 129.69% |
| 2020 | 0.70 | -33.54% |
| 2019 | 1.05 | -51.41% |
| 2018 | 2.17 | 89.21% |
| 2017 | 1.15 | 1.01% |
| 2016 | 1.14 | 30.65% |
Grindrod Shipping Holdings Ltd. (GRIN) Average Current Ratio
How has GRIN Current Ratio performed in the past?
The current Current Ratio of Grindrod Shipping Holdings Ltd. (GRIN) is less than than its 3-year, greater than its 5-year, and less than than its 10-year historical averages
3-year avg
1.30
5-year avg
1.13
10-year avg
1.22
Grindrod Shipping Holdings Ltd. (GRIN) Current Ratio vs. Peers
How is GRIN’s Current Ratio compared to its peers?
Grindrod Shipping Holdings Ltd.’s Current Ratio is greater than Eagle Bulk Shipping Inc. (0.89), less than Star Bulk Carriers Corp. (1.51), less than Golden Ocean Group Limited (1.17), less than Global Ship Lease, Inc. (1.42), greater than Diana Shipping Inc. (0), less than Genco Shipping & Trading Limited (3.59), less than Danaos Corporation (4.18), greater than Matson, Inc. (0.93), greater than Himalaya Shipping Ltd. (0.78), greater than Cool Company Ltd. (0.34), less than Costamare Inc. (1.61), less than Eneti Inc. (3.64), less than Kirby Corporation (1.70),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0.89 | $693.38M | |
| 1.51 | $2.57B | |
| 1.17 | $2.48B | |
| 1.42 | $868.81M | |
| 0 | $300.37M | |
| 3.59 | $771.78M | |
| 4.18 | $1.58B | |
| 0.93 | $4.62B | |
| 0.78 | $365.91M | |
| 0.34 | $609.53M | |
| 1.61 | $1.70B | |
| 3.64 | $437.87M | |
| 1.70 | $7.37B |
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