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Bridge Investment Group Holdings (Bridge Investment Group Holdings) Cash Ratio : 0.65 (As of Mar. 2024)


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What is Bridge Investment Group Holdings 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. Bridge Investment Group Holdings's Cash Ratio for the quarter that ended in Mar. 2024 was 0.65.

Bridge Investment Group Holdings has a Cash Ratio of 0.65. 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 Bridge Investment Group Holdings's Cash Ratio or its related term are showing as below:

BRDG' s Cash Ratio Range Over the Past 10 Years
Min: 0.47   Med: 1.44   Max: 2.58
Current: 0.65

During the past 5 years, Bridge Investment Group Holdings's highest Cash Ratio was 2.58. The lowest was 0.47. And the median was 1.44.

BRDG's Cash Ratio is ranked worse than
69.41% of 657 companies
in the Asset Management industry
Industry Median: 1.54 vs BRDG: 0.65

Bridge Investment Group Holdings Cash Ratio Historical Data

The historical data trend for Bridge Investment Group Holdings'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.

Bridge Investment Group Holdings Cash Ratio Chart

Bridge Investment Group Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
0.79 1.44 1.45 2.58 0.56

Bridge Investment Group Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.58 0.54 0.47 0.56 0.65

Competitive Comparison of Bridge Investment Group Holdings's Cash Ratio

For the Asset Management subindustry, Bridge Investment Group Holdings'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.


Bridge Investment Group Holdings's Cash Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bridge Investment Group Holdings's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Bridge Investment Group Holdings's Cash Ratio falls into.



Bridge Investment Group Holdings Cash Ratio Calculation

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

Bridge Investment Group Holdings's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=77.54/138.615
=0.56

Bridge Investment Group Holdings's Cash Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash Ratio (Q: Mar. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=82.073/126.365
=0.65

* 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.


Bridge Investment Group Holdings  (NYSE:BRDG) 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.


Bridge Investment Group Holdings Cash Ratio Related Terms

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Bridge Investment Group Holdings (Bridge Investment Group Holdings) Business Description

Traded in Other Exchanges
Address
111 East Sego Lily Drive, Suite 400, Salt Lake City, UT, USA, 84070
Bridge Investment Group Holdings Inc is a vertically integrated real estate investment manager, diversified across specialized asset classes. The company combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: multifamily, affordable housing, seniors housing, office, development, logistics net lease, logistics properties, debt strategies, and agency mortgage-backed securities.
Executives
Garrett Behling officer: Chief Accounting Officer 111 EAST SEGO LILY DRIVE, SUITE 400, SANDY UT 84070
Chad A Leat director C/O UNITED AMERICA INDEMNITY GROUP INC., 3 BALA PLAZA EAST, SUITE 300, BALA CYNWYD PA 19004
Katherine Elsnab officer: Chief Accounting Officer C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Deborah C Hopkins director 1007 MARKET ST, WILMINGTON DE 19898
Adam O'farrell director, officer: See Remarks C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Robert Randolph Morse director, 10 percent owner, officer: See Remarks 1000 PARK AVENUE, APT 3, NEW YORK NY 10028
Debra M Chase director C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Jonathan Slager director, officer: See Remarks C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Bridge Founders Group, Llc 10 percent owner 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Chad D. Briggs officer: See Remarks C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Dean Allara director, officer: See Remarks C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070

Bridge Investment Group Holdings (Bridge Investment Group Holdings) Headlines