Medalist Diversified REIT has a Cash Ratio of 2.42. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Medalist Diversified REIT's Cash Ratio or its related term are showing as below:
MDRR'
s Cash Ratio Range Over the Past 10 Years
Min: 0.08 Med: 0.91 Max: 7.25
Current: 2.42
During the past 8 years, Medalist Diversified REIT's highest Cash Ratio was 7.25. The lowest was 0.08. And the median was 0.91.
MDRR's Cash Ratio is ranked better than 86.36% of 755
companies
in the REITs industry
Industry Median: 0.39
vs MDRR: 2.42
Medalist Diversified REIT 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.
Competitive Comparison of Medalist Diversified REIT's Cash Ratio
For the REIT - Diversified subindustry, Medalist Diversified 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.
Medalist Diversified REIT's Cash Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Medalist Diversified REIT's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Medalist Diversified REIT's Cash Ratio falls into.
Medalist Diversified 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.
Medalist Diversified 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.
Medalist Diversified REIT (NAS:MDRR) 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.
Medalist Diversified REIT Cash Ratio Related Terms
Thank you for viewing the detailed overview of Medalist Diversified REIT's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Medalist Diversified REIT Inc is engaged in the acquisition, reposition, renovation, leasing, and managing of income-producing properties with a focus on commercial properties, including flex-industrial and retail properties, multi-family residential properties, and hotel properties. The company operates as a UPREIT and owns properties through its subsidiary, Medalist Diversified Holdings, LP. Its principal objectives include sourcing value-added Investments in markets in which it maintains deep industry relationships and local market knowledge and the creation of value for stockholders by utilizing its relationships and local knowledge of commercial real estate investment, management, and disposition.
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