City Office REIT has a Cash Ratio of 0.08. 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 City Office REIT's Cash Ratio or its related term are showing as below:
CIO'
s Cash Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.15 Max: 2.97
Current: 0.08
During the past 13 years, City Office REIT's highest Cash Ratio was 2.97. The lowest was 0.06. And the median was 0.15.
CIO's Cash Ratio is ranked worse than 79.76% of 756
companies
in the REITs industry
Industry Median: 0.39
vs CIO: 0.08
City Office REIT Cash Ratio Historical Data
The historical data trend for City Office REIT'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.
Competitive Comparison of City Office REIT's Cash Ratio
For the REIT - Office subindustry, City Office REIT'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.
City Office REIT's Cash Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, City Office REIT's Cash Ratio distribution charts can be found below:
* The bar in red indicates where City Office REIT's Cash Ratio falls into.
City Office REIT Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
City Office REIT's Cash Ratio for the fiscal year that ended in Dec. 2023 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.
City Office REIT (NYSE:CIO) 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.
City Office REIT Cash Ratio Related Terms
Thank you for viewing the detailed overview of City Office REIT's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
City Office REIT Inc is a real estate investment trust. It is focused on acquiring, owning, and operating high-quality office properties located predominantly in Sun Belt markets. The principal objective of the company is to provide attractive risk-adjusted returns to its investors over the long-term through a combination of dividends and capital appreciation. The company owns office buildings in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle, and Tampa.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CIO has been successfully added to your 