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Goodman New Zealand and Goodman Property Services has a Cash Ratio of 6.55. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
Goodman New Zealand and Goodman Property Services (FRA:NJK) 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.
Goodman New Zealand and Goodman Property Services Cash Ratio Related Terms
Goodman New Zealand and Goodman Property Services Cash 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.
Goodman New Zealand and Goodman Property Services Cash Ratio Chart
Goodman New Zealand and Goodman Property Services Annual Data
* 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.
Goodman New Zealand and Goodman Property Services Cash Ratio vs REITs Industry
* 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.
Goodman New Zealand and Goodman Property Services (FRA:NJK) has a Cash Ratio of 6.55 as of Sep. 2025. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Goodman New Zealand and Goodman Property Services and its competitors. This is 10817% above median its historical median of 0.06. Over the past decade, Goodman New Zealand and Goodman Property Services' Cash Ratio has ranged from 0.01 to 6.55. According to the industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #37 out of 719 companies in the REITs industry, placing it in the top 5.1%.
Is Goodman New Zealand and Goodman Property Services' Cash Ratio too high?
Goodman New Zealand and Goodman Property Services' current Cash Ratio of 6.55 is 10817% above median its 10-year median of 0.06. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 6.55. The REITs industry median Cash Ratio is 0.35. Goodman New Zealand and Goodman Property Services' value of 6.55 is 1771.4% above this industry median. Based on the distribution chart, Goodman New Zealand and Goodman Property Services ranks #37 out of 719 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Goodman New Zealand and Goodman Property Services has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Goodman New Zealand and Goodman Property Services' Cash Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #37 out of 719 companies for Cash Ratio. This places Goodman New Zealand and Goodman Property Services in the top 5% of its industry — outperforming the majority of peers. The industry median Cash Ratio is 0.35. Goodman New Zealand and Goodman Property Services' value of 6.55 is 1771.4% above this benchmark. Historically, Goodman New Zealand and Goodman Property Services' own Cash Ratio has ranged from 0.01 to 6.55 over the past decade. While the company's 10-year median is 0.06 vs. the industry median of 0.35, Goodman New Zealand and Goodman Property Services has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a REITs company?
The median Cash Ratio among REITs companies is 0.35, based on 719 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Goodman New Zealand and Goodman Property Services's current Cash Ratio of 6.55 is 1771.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Goodman New Zealand and Goodman Property Services and its competitors. For the REITs industry, the median Cash Ratio is 0.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goodman New Zealand and Goodman Property Services's current Cash Ratio is 6.55, which is 10817% above median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goodman New Zealand and Goodman Property Services stock overvalued right now?
Goodman New Zealand and Goodman Property Services (FRA:NJK) has a current Cash Ratio of 6.55. The stock's GF Value™ is €0.74, compared to a current price of €0.98 — trading 31.8% above its estimated fair value. The current Cash Ratio is 6.55, which is 10817% above median its 10-year median of 0.06 and 1771.4% above the REITs industry median of 0.35. Goodman New Zealand and Goodman Property Services' overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Goodman New Zealand and Goodman Property Services (FRA:NJK), the current Cash Ratio is 6.55 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Goodman New Zealand and Goodman Property Services (FRA:NJK) Overvalued in 2026?
Based on GuruFocus' analysis, Goodman New Zealand and Goodman Property Services stock appears to be overvalued.
The current stock price of €0.98 is trading 31.8% above its estimated GF Value™ of €0.74.
Key valuation signals for FRA:NJK:
Cash Ratio: 6.55 (10817% above median its 10-year median of 0.06)
GF Value™: €0.74 vs. price of €0.98 (31.8% above fair value)
Industry Position: 1771.4% above the REITs median (#37 of 719)
No single metric tells the full story. See the FRA:NJK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Goodman New Zealand Ltd and Goodman Property Services Ltd, formerly known as Goodman Property Trust, is one of New Zealand's property trusts, with a portfolio composed of industrial estates, businesses, and a development bank. After selling its Christchurch assets, Goodman is 100% Auckland-centric. The focus over the next few years will be on selling lower-quality assets and redeploying capital to industrial property in strategically important locations. The investment is premised on management's view that industrial assets in premium locations will generate superior long-term returns from lower average vacancy and higher rent growth.
79GF Score
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