Camden Property Trust has a quick ratio of 0.65. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Camden Property Trust's Quick Ratio or its related term are showing as below:
CPT'
s Quick Ratio Range Over the Past 10 Years
Min: 0.07 Med: 1 Max: 1.84
Current: 0.3
During the past 13 years, Camden Property Trust's highest Quick Ratio was 1.84. The lowest was 0.07. And the median was 1.00.
CPT's Quick Ratio is ranked worse than 80.45% of 716
companies
in the REITs industry
Industry Median: 0.94
vs CPT: 0.30
Camden Property Trust Quick Ratio Historical Data
The historical data trend for Camden Property Trust's Quick 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.
Competitive Comparison of Camden Property Trust's Quick Ratio
For the REIT - Residential subindustry, Camden Property Trust's Quick Ratio, along with its competitors' market caps and Quick 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.
Camden Property Trust's Quick Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Camden Property Trust's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Camden Property Trust's Quick Ratio falls into.
Camden Property Trust Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Camden Property Trust's Quick Ratio for the fiscal year that ended in Dec. 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.
Camden Property Trust (NYSE:CPT) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Camden Property Trust Quick Ratio Related Terms
Thank you for viewing the detailed overview of Camden Property Trust's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Camden Property Trust (Camden Property Trust) Business Description
Camden Property Trust is a real estate investment trust primarily engaged in the acquisition, management, and development of multifamily apartment communities across the United States. The company's real estate portfolio consists primarily of apartment properties throughout the Sun Belt. Houston, Dallas, Las Vegas, and Atlanta represent some of Camden's largest housing markets in terms of apartment units. The firm derives nearly all of its revenue from the leasing of properties to tenants through short-term agreements. Camden Property derives the majority of its revenue from the Washington D.C., Los Angeles, Houston, Atlanta, and southeastern Florida areas.
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