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RAM Essential Services Property Fund (ASX:REP) Cash Ratio : 0.50 (As of Dec. 2023)


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What is RAM Essential Services Property Fund Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. RAM Essential Services Property Fund's Cash Ratio for the quarter that ended in Dec. 2023 was 0.50.

RAM Essential Services Property Fund has a Cash Ratio of 0.50. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.

The historical rank and industry rank for RAM Essential Services Property Fund's Cash Ratio or its related term are showing as below:

ASX:REP' s Cash Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.43   Max: 0.81
Current: 0.5

During the past 2 years, RAM Essential Services Property Fund's highest Cash Ratio was 0.81. The lowest was 0.28. And the median was 0.43.

ASX:REP's Cash Ratio is ranked worse than
73.28% of 670 companies
in the Asset Management industry
Industry Median: 1.61 vs ASX:REP: 0.50

RAM Essential Services Property Fund Cash Ratio Historical Data

The historical data trend for RAM Essential Services Property Fund's Cash 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.

* Premium members only.

RAM Essential Services Property Fund Cash Ratio Chart

RAM Essential Services Property Fund Annual Data
Trend Jun22 Jun23
Cash Ratio
0.43 0.35

RAM Essential Services Property Fund Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Cash Ratio 0.81 0.43 0.28 0.35 0.50

Competitive Comparison of RAM Essential Services Property Fund's Cash Ratio

For the Asset Management subindustry, RAM Essential Services Property Fund'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.


RAM Essential Services Property Fund's Cash Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RAM Essential Services Property Fund's Cash Ratio distribution charts can be found below:

* The bar in red indicates where RAM Essential Services Property Fund's Cash Ratio falls into.



RAM Essential Services Property Fund Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

RAM Essential Services Property Fund's Cash Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash Ratio (A: Jun. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=11.952/33.821
=0.35

RAM Essential Services Property Fund's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=18.51/36.751
=0.50

* 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.


RAM Essential Services Property Fund  (ASX:REP) 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.


RAM Essential Services Property Fund Cash Ratio Related Terms

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RAM Essential Services Property Fund (ASX:REP) Business Description

Traded in Other Exchanges
N/A
Address
Australia Square 264 George Street, Suite 3201, Level 32, Sydney, NSW, AUS, 2000
RAM Essential Services Property Fund invests in high-quality Australian medical and essential retail real estate assets, leased to essential services tenants. Its objective is to provide investors with stable and secure income with the potential for both income and capital growth through exposure to high quality, defensive portfolio of assets with favourable sector trends.

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