Monmouth Real Estate Investment has a Cash Ratio of 28.85. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Monmouth Real Estate Investment's Cash Ratio or its related term are showing as below:
MNR'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 16.04 Max: 72.99
Current: 28.85
During the past 13 years, Monmouth Real Estate Investment's highest Cash Ratio was 72.99. The lowest was 0.01. And the median was 16.04.
MNR's Cash Ratio is not ranked
in the REITs industry.
Industry Median: 0.43
vs MNR: 28.85
Monmouth Real Estate Investment Cash 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 Monmouth Real Estate Investment's Cash Ratio
For the REIT - Industrial subindustry, Monmouth Real Estate Investment'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.
Monmouth Real Estate Investment's Cash Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Monmouth Real Estate Investment's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Monmouth Real Estate Investment's Cash Ratio falls into.
Monmouth Real Estate Investment Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
Monmouth Real Estate Investment (NYSE:MNR) 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.
Monmouth Real Estate Investment Cash Ratio Related Terms
Thank you for viewing the detailed overview of Monmouth Real Estate Investment's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Monmouth Real Estate Investment (Monmouth Real Estate Investment) Business Description
Monmouth Real Estate Investment Corp is engaged in the ownership and management of industrial buildings subject to long-term net leases, mainly to investment grade tenants. The company's primary business is the ownership of real estate. Its investment focus is to own well-located, modern, single tenant, industrial buildings, leased primarily to investment-grade tenants.
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