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Westfield Trust (ASX:WFT) Cash Ratio : 0.00 (As of Dec. 2003)


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What is Westfield Trust 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. Westfield Trust's Cash Ratio for the quarter that ended in Dec. 2003 was 0.00.

Westfield Trust has a Cash Ratio of 0.00. 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 Westfield Trust's Cash Ratio or its related term are showing as below:

ASX:WFT's Cash Ratio is not ranked *
in the Real Estate industry.
Industry Median: 0.32
* Ranked among companies with meaningful Cash Ratio only.

Westfield Trust Cash Ratio Historical Data

The historical data trend for Westfield Trust'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.

Westfield Trust Cash Ratio Chart

Westfield Trust Annual Data
Trend Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02
Cash Ratio
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Westfield Trust Semi-Annual Data
Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03
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Competitive Comparison of Westfield Trust's Cash Ratio

For the Real Estate - Development subindustry, Westfield Trust'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.


Westfield Trust's Cash Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Westfield Trust's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Westfield Trust's Cash Ratio falls into.



Westfield Trust Cash Ratio Calculation

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

Westfield Trust's Cash Ratio for the fiscal year that ended in Dec. 2002 is calculated as:

Westfield Trust's Cash Ratio for the quarter that ended in Dec. 2003 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.


Westfield Trust  (ASX:WFT) 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.


Westfield Trust Cash Ratio Related Terms

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Westfield Trust Business Description

Traded in Other Exchanges
N/A
Address
Westfield Trust (WFT) comprises interests in 50 shopping centres in Australia and New Zealand, with 3.1m sqm2 of gross lettable area servicing more than 9,400 retailers who generate in excess of $13.9 billion of retail sales.

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