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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. New York REIT's current ratio for the quarter that ended in Dec. 2016 was 9.52.
New York REIT has a current ratio of 9.52. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for New York REIT's Current Ratio or its related term are showing as below:
The historical data trend for New York REIT's Current 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.
New York REIT Annual Data | |||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||
Current Ratio | Get a 7-Day Free Trial | 0.20 | 0.67 | 0.04 | 0.28 | 9.52 |
New York REIT Quarterly Data | ||||||||||||||||||||
Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | |
Current Ratio | Get a 7-Day Free Trial | 0.28 | 0.30 | 0.27 | 0.23 | 9.52 |
For the REIT - Office subindustry, New York REIT'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.
For the REITs industry and Real Estate sector, New York REIT's Current Ratio distribution charts can be found below:
* The bar in red indicates where New York REIT's Current Ratio falls into.
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.
New York REIT's Current Ratio for the fiscal year that ended in Dec. 2016 is calculated as
Current Ratio (A: Dec. 2016 ) | = | Total Current Assets (A: Dec. 2016 ) | / | Total Current Liabilities (A: Dec. 2016 ) |
= | 361.214 | / | 37.924 | |
= | 9.52 |
New York REIT's Current Ratio for the quarter that ended in Dec. 2016 is calculated as
Current Ratio (Q: Dec. 2016 ) | = | Total Current Assets (Q: Dec. 2016 ) | / | Total Current Liabilities (Q: Dec. 2016 ) |
= | 361.214 | / | 37.924 | |
= | 9.52 |
* 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 York REIT (NYSE:NYRT) 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.
Thank you for viewing the detailed overview of New York REIT's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Howard Goldberg | director | |
William M Kahane | director | AMERICAN REALTY CAPITAL, 405 PARK AVENUE, NEW YORK NY 10022 |
Wendy Silverstein | director | |
Joe C Mckinney | director | P O BOX 33069 SAN ANTONIO TX 78265 |
James Larry Nelson | director | 2747 PARADISE ROAD, PH2804, LAS VEGAS NV 89109 |
James P Hoffmann | director | FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814 |
Gregory F Hughes | director | |
Craig T Bouchard | director | C/O SIGNATURE GROUP HOLDINGS, INC., 15303 VENTURA BLVD., STE. 1600, SHERMAN OAKS CA 91403 |
Sue Perrotty Portia | director | 405 PARK AVENUE, NEW YORK NY 10022 |
Robert Burns | director | C/O AMERICAN REALTY CAPITAL, 405 PARK AVENUE, NEW YORK NY 10022 |
Keith Locker | director | C/O GLENBOROUGH REALTY TRUST, 400 SOUTH EL CAMINO REAL, SUITE 1100, SAN MATEO CA 94402 |
Randolph C Read | director | C/O NEW YORK REIT, INC., 405 PARK AVENUE, NEW YORK NY 10022 |
Michael A. Happel | officer: CEO & President | 405 PARK AVE., 15TH FLOOR, NEW YORK NY 10022 |
Nicholas Radesca | officer: Interim CFO, Treasurer & Sec. | C/O SOLAR CAPITAL LLC, 500 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10022 |
Marc J Rowan | director | APOLLO ADVISORS LP, 1301 AVE OF THE AMERICAS, NEW YORK NY 10019 |
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