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. Campus Crest Communities's current ratio for the quarter that ended in Sep. 2015 was 0.08.
Campus Crest Communities has a current ratio of 0.08. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Campus Crest Communities 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 Campus Crest Communities's Current Ratio or its related term are showing as below:
CCG's Current Ratio is not ranked *
in the REITs industry.
Industry Median: 1.015 * Ranked among companies with meaningful Current Ratio only.
Campus Crest Communities Current 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 Campus Crest Communities's Current Ratio
For the REIT - Diversified subindustry, Campus Crest Communities'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.
Campus Crest Communities's Current Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Campus Crest Communities's Current Ratio distribution charts can be found below:
* The bar in red indicates where Campus Crest Communities's Current Ratio falls into.
Campus Crest Communities Current Ratio Calculation
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.
Campus Crest Communities's Current Ratio for the fiscal year that ended in Dec. 2014 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.
Campus Crest Communities (NYSE:CCG) 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.
Campus Crest Communities Current Ratio Related Terms
Thank you for viewing the detailed overview of Campus Crest Communities's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Campus Crest Communities (Campus Crest Communities) Business Description
Campus Crest Communities Inc was incorporated in the State of Maryland on 1 March 2010. On October 19, 2010, it completed its initial public offering of common stock. The Company is a self-managed, self-administered real estate investment trust ("REIT") focused on owning and managing a high-quality student housing portfolio located close to college campuses. As of December 31, 2014, the Company owned interests in 47 operating student housing The Grove properties containing approximately 9,700 apartment units and 26,300 beds. Thirty-six of Company's operating The Grove properties are wholly-owned and eleven of The Grove properties are owned through joint ventures with HSRE. As of December 31, 2014, it also owned interests in 36 operating student housing Copper Beech branded properties containing approximately 6,500 apartment units and 17,300 beds. The majority of Company's operating properties other than those in the CB Portfolio, evo and Toledo operate under The Grove brand. The Company is subject to competition for student-tenants from on-campus housing owned by universities and colleges and also competes with other regional and national owner-operators of off-campus student housing in a number of markets as well as with smaller local owner-operators.
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