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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. Presidential Realty's current ratio for the quarter that ended in Sep. 2023 was 0.21.
Presidential Realty has a current ratio of 0.21. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Presidential Realty has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Presidential Realty's Current Ratio or its related term are showing as below:
During the past 13 years, Presidential Realty's highest Current Ratio was 1.08. The lowest was 0.12. And the median was 0.22.
The historical data trend for Presidential Realty'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.
Presidential Realty Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 0.21 | 0.22 | 0.22 | 0.21 | 0.17 |
Presidential Realty Quarterly Data | ||||||||||||||||||||
Mar16 | Jun16 | Sep16 | Dec16 | Dec17 | Dec18 | Dec19 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Current Ratio | Get a 7-Day Free Trial | 0.19 | 0.17 | 0.17 | 0.18 | 0.21 |
For the REIT - Diversified subindustry, Presidential Realty'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, Presidential Realty's Current Ratio distribution charts can be found below:
* The bar in red indicates where Presidential Realty'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.
Presidential Realty's Current Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Current Ratio (A: Dec. 2022 ) | = | Total Current Assets (A: Dec. 2022 ) | / | Total Current Liabilities (A: Dec. 2022 ) |
= | 0.342 | / | 1.986 | |
= | 0.17 |
Presidential Realty's Current Ratio for the quarter that ended in Sep. 2023 is calculated as
Current Ratio (Q: Sep. 2023 ) | = | Total Current Assets (Q: Sep. 2023 ) | / | Total Current Liabilities (Q: Sep. 2023 ) |
= | 0.417 | / | 2.03 | |
= | 0.21 |
* 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.
Presidential Realty (OTCPK:PDNLA) 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 Presidential Realty's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Alex B Gray | 10 percent owner | 6519 OXFORD DRIVE, ZIONSVILLE IN 46077 |
Singley Capital Partners, Lp | 10 percent owner | 14781 MEMORIAL DRIVE, SUITE 2081, HOUSTON TX 77079 |
Jekogian Iii Nickolas W | director, officer: See Remarks | NWJ COMPANIES, 9 EAST 40TH STREET 9TH FLOOR, NEW YORK NY 10016 |
Jeffrey S. Rogers | director | 1900 MAIN STREET, SUITE 700, IRVINE CA 92614 |
Alexander Ludwig | director, officer: See Remarks | C/O SIGNATURE COMMUNITY INVESTMENTS GRP, 9 EAST 40TH ST., 9TH FL., NEW YORK NY 10016 |
Jekogian Nickolas W Jr, Trustee For The Bbj Family Irrevocable Trust | 10 percent owner | C/O SIGNATURE COMMUNITY INVESTMENT GRP, 9 EAST 40TH ST., 9TH FL., NEW YORK NY 10016 |
Elizabeth Delgado | officer: Treasurer and Secretary | 180 S BROADWAY, WHITE PLAINS NY 10605 |
Steven Baruch | 10 percent owner, officer: Executive Vice President | ONE PONDVIEW WEST, PURCHASE NY 10577 |
Joseph Viertel | director | 180 S BROADWAY, WHITE PLAINS NY 10605 |
Thomas Viertel | 10 percent owner, officer: Executive VP and CFO | |
Robert E Shapiro | director, officer: Chairman of the Board of Direc | |
Jeffrey F Joseph | director, officer: President and CEO | |
Richard Paul Brandt | director | PO BOX 839, TESUQUE NM 87571 |
Mortimer M Caplin | director | DANAHER CORP, 2099 PENNSYLVANIA AVE NW 12TH FL, WASHINGON DC 20006 |
Robert Feder | director |
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