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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. National Storage Affiliates Trust's current ratio for the quarter that ended in Jun. 2024 was 0.31.
National Storage Affiliates Trust has a current ratio of 0.31. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If National Storage Affiliates Trust has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for National Storage Affiliates Trust's Current Ratio or its related term are showing as below:
During the past 12 years, National Storage Affiliates Trust's highest Current Ratio was 1.35. The lowest was 0.06. And the median was 0.15.
The historical data trend for National Storage Affiliates Trust's Current 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.
National Storage Affiliates Trust Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 0.74 | 0.17 | 0.09 | 0.15 | 1.35 |
National Storage Affiliates Trust Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Current Ratio | Get a 7-Day Free Trial | 0.11 | 1.35 | 0.36 | 0.31 | 0.54 |
For the REIT - Industrial subindustry, National Storage Affiliates Trust's Current Ratio, along with its competitors' market caps and Current 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.
For the REITs industry and Real Estate sector, National Storage Affiliates Trust's Current Ratio distribution charts can be found below:
* The bar in red indicates where National Storage Affiliates Trust's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
National Storage Affiliates Trust's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Current Ratio (A: Dec. 2023 ) | = | Total Current Assets (A: Dec. 2023 ) | / | Total Current Liabilities (A: Dec. 2023 ) |
= | 674.707 | / | 501.12 | |
= | 1.35 |
National Storage Affiliates Trust's Current Ratio for the quarter that ended in Jun. 2024 is calculated as
Current Ratio (Q: Jun. 2024 ) | = | Total Current Assets (Q: Jun. 2024 ) | / | Total Current Liabilities (Q: Jun. 2024 ) |
= | 104.355 | / | 336.469 | |
= | 0.31 |
* 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.
National Storage Affiliates Trust (NYSE:NSA) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of National Storage Affiliates Trust's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Chad Leroy Meisinger | director | 71 VIA SONRISA, SAN CLEMENTE CA 92673 |
Arlen Dale Nordhagen | director, 10 percent owner, officer: Chief Executive Officer | 5200 DTC PARKWAY, STE 200, GREENWOOD VILLAGE CO 80111 |
Tamara D Fischer | officer: Chief Financial Officer | 5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111 |
Cowan William S. Jr. | officer: Chief Strategy Officer | 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111 |
Derek Bergeon | officer: Chief Operating Officer | 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111 |
Tiffany S. Kenyon | officer: Chief Legal Officer | C/O NATIONAL STORAGE AFFILIATES TRUST, 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111 |
J. Timothy Warren | director | C/O NATIONAL STORAGE AFFILIATES TRUST, 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111 |
David Cramer | officer: Chief Operating Officer | 8400 E. PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111 |
Hylbert Paul William Jr | director | 2705 SOUTH BOSTON COURT, DENVER CO 802231 |
Mourick Mark Van | director | 24901 DANA POINT HARBOR DRIVE, SUITE 230, DANA POINT CA 92629 |
Charles F Wu | director | C/O NATIONAL STORAGE AFFILIATES TRUST, 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111 |
Rebecca Lee Steinfort | director | 2500 W EXECUTIVE PKWY, #100, LEHI UT 84043 |
Brandon Togashi | officer: Chief Accounting Officer | C/O NATIONAL STORAGE AFFILIATES TRUST, 5200 DTC PARKWAY, SUIT 200, GREENWOOD VILLAGE CO 80111 |
Steven B Treadwell | officer: Senior Vice President | 5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111 |
Kevin Maxen Howard | director, 10 percent owner | 14855 SE 82ND DRIVE, CLACKAMAS OR 97015 |
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