The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. RPT Realty's quick ratio for the quarter that ended in Sep. 2023 was 0.23.
RPT Realty has a quick ratio of 0.23. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for RPT Realty's Quick Ratio or its related term are showing as below:
RPT'
s Quick Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.6 Max: 3.59
Current: 0.23
During the past 13 years, RPT Realty's highest Quick Ratio was 3.59. The lowest was 0.16. And the median was 0.60.
RPT's Quick Ratio is not ranked
in the REITs industry.
Industry Median: 0.94
vs RPT: 0.23
RPT Realty Quick Ratio Historical Data
The historical data trend for RPT Realty'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 RPT Realty's Quick Ratio
For the REIT - Retail subindustry, RPT Realty'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.
RPT Realty's Quick Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, RPT Realty's Quick Ratio distribution charts can be found below:
* The bar in red indicates where RPT Realty's Quick Ratio falls into.
RPT Realty 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.
RPT Realty's Quick Ratio for the fiscal year that ended in Dec. 2022 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.
RPT Realty (NYSE:RPT) 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.
RPT Realty Quick Ratio Related Terms
Thank you for viewing the detailed overview of RPT Realty's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
RPT Realty is a self-managed real estate investment trust that invests in and manages retail properties. The company owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners. The Company's property portfolio consisted of 44 wholly-owned shopping centers, 13 shopping centers owned through its grocery-anchored joint venture, 48 retail properties owned through its net lease joint venture and one net lease retail property that was held for sale by the Company which together represent 15.0 million square feet of gross leasable area.
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