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. Frasers Centrepoint Trust's current ratio for the quarter that ended in Mar. 2024 was 0.16.
Frasers Centrepoint Trust has a current ratio of 0.16. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Frasers Centrepoint 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 Frasers Centrepoint Trust's Current Ratio or its related term are showing as below:
FRZCF'
s Current Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.13 Max: 1.4
Current: 0.16
During the past 13 years, Frasers Centrepoint Trust's highest Current Ratio was 1.40. The lowest was 0.04. And the median was 0.13.
FRZCF's Current Ratio is ranked worse than 92.92% of 720
companies
in the REITs industry
Industry Median: 1.01
vs FRZCF: 0.16
Frasers Centrepoint Trust Current Ratio Historical Data
* 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.
Competitive Comparison of Frasers Centrepoint Trust's Current Ratio
For the REIT - Retail subindustry, Frasers Centrepoint 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.
Frasers Centrepoint Trust's Current Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Frasers Centrepoint Trust's Current Ratio distribution charts can be found below:
* The bar in red indicates where Frasers Centrepoint Trust's Current Ratio falls into.
Frasers Centrepoint Trust Current Ratio Calculation
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.
Frasers Centrepoint Trust's Current Ratio for the fiscal year that ended in Sep. 2023 is calculated as
* 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.
Frasers Centrepoint Trust (OTCPK:FRZCF) 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.
Frasers Centrepoint Trust Current Ratio Related Terms
Thank you for viewing the detailed overview of Frasers Centrepoint Trust's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Frasers Centrepoint Trust (Frasers Centrepoint Trust) Business Description
Frasers Centrepoint Trust is a real estate investment trust listed on the Singapore Exchange that predominately invests in suburban retail assets in Singapore. Its portfolio consists of 11 retail malls (of which two are not wholly owned) and one office property with a total valuation of SGD 7.6 billion as at Sept. 30, 2023. FCT also holds a: i) 30.97% interest in Hektar REIT, a retail-focused REIT in Malaysia; and ii) 43.7% interest in Changi City Carpark. The trust is externally managed by Frasers Centrepoint Asset Management, a wholly owned subsidiary of Frasers Property Limited that has a 41.2% direct and indirect interest in FCT.
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