Dream Residential REIT (Dream Residential REIT) Cash Ratio : 0.14 (As of Jun. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Dream Residential REIT Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Dream Residential REIT's Cash Ratio for the quarter that ended in Jun. 2023 was 0.14.

Dream Residential REIT has a Cash Ratio of 0.14. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.

The historical rank and industry rank for Dream Residential REIT's Cash Ratio or its related term are showing as below:

DRREF' s Cash Ratio Range Over the Past 10 Years
Min: 0.2 Med: 0.21 Max: 0.21
Current: 0.2

During the past 2 years, Dream Residential REIT's highest Cash Ratio was 0.21. The lowest was 0.20. And the median was 0.21.

DRREF's Cash Ratio is ranked worse than
65.38% of 702 companies
in the REITs industry
Industry Median: 0.415 vs DRREF: 0.20

Dream Residential REIT Cash Ratio Historical Data

The historical data trend for Dream Residential REIT's Cash Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Dream Residential REIT Cash Ratio Chart

Dream Residential REIT Annual Data

Trend

Dec22

Dec23

Cash Ratio

0.21

0.20

Dream Residential REIT Quarterly Data
	Feb22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Cash Ratio	Get a 7-Day Free Trial			0.19	0.21	0.18	0.14	0.20

Competitive Comparison of Dream Residential REIT's Cash Ratio

For the REIT - Residential subindustry, Dream Residential REIT's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Dream Residential REIT's Cash Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Dream Residential REIT's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Dream Residential REIT's Cash Ratio falls into.

Dream Residential REIT Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Dream Residential REIT's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	10.943	/	55.723
	=	0.20

Dream Residential REIT's Cash Ratio for the quarter that ended in Jun. 2023 is calculated as:

Cash Ratio (Q: Jun. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	8.382	/	60.617
	=	0.14

Dream Residential REIT (OTCPK:DRREF) Cash Ratio Explanation

The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.

The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.

In general, the higher the cash ratio, the better the company's liquidity position.

Dream Residential REIT Cash Ratio Related Terms

Thank you for viewing the detailed overview of Dream Residential REIT's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Dream Residential REIT (Dream Residential REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dream Residential REIT (OTCPK:DRREF) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

DRR.U:Canada

Address

30 Adelaide Street East, Suite 301, Toronto, ON, CAN, M5C 3H1

Website

https://www.dream.ca

Dream Residential REIT is a Canada-based open-ended, real estate investment trust. It plans to acquire all of the issued and outstanding equity interests in special purpose entities, which collectively own more than 15 multi-residential rental properties. All of its properties are located in the United States.