New England Realty Associates LP has a Cash Ratio of 3.17. 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 New England Realty Associates LP's Cash Ratio or its related term are showing as below:
NEN'
s Cash Ratio Range Over the Past 10 Years
Min: 0.31 Med: 1.34 Max: 4.37
Current: 3.17
During the past 13 years, New England Realty Associates LP's highest Cash Ratio was 4.37. The lowest was 0.31. And the median was 1.34.
NEN's Cash Ratio is ranked better than 90.83% of 1777
companies
in the Real Estate industry
Industry Median: 0.33
vs NEN: 3.17
New England Realty Associates LP 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 New England Realty Associates LP's Cash Ratio
For the Real Estate Services subindustry, New England Realty Associates LP'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.
New England Realty Associates LP's Cash Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, New England Realty Associates LP's Cash Ratio distribution charts can be found below:
* The bar in red indicates where New England Realty Associates LP's Cash Ratio falls into.
New England Realty Associates LP 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.
New England Realty Associates LP (AMEX:NEN) 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.
New England Realty Associates LP Cash Ratio Related Terms
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New England Realty Associates LP (New England Realty Associates LP) Business Description
New England Realty Associates LP is engaged in the business of acquiring, developing, holding for investment, operating and selling real estate. The Partnership owns and operates various residential apartments, condominium units and commercial properties located in Massachusetts and New Hampshire. The company generates revenue from rental income from residential and commercial properties recognized over the term of the related lease. The long-term goals of the Partnership are to manage, rent and improve its properties and to acquire additional properties with income and capital appreciation potential as suitable opportunities arise.
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