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SRG (Seritage Growth Properties) Cash Ratio : 2.36 (As of Sep. 2024)


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What is Seritage Growth Properties 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. Seritage Growth Properties's Cash Ratio for the quarter that ended in Sep. 2024 was 2.36.

Seritage Growth Properties has a Cash Ratio of 2.36. 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 Seritage Growth Properties's Cash Ratio or its related term are showing as below:

SRG' s Cash Ratio Range Over the Past 10 Years
Min: 0.14   Med: 1.28   Max: 6.38
Current: 2.36

During the past 9 years, Seritage Growth Properties's highest Cash Ratio was 6.38. The lowest was 0.14. And the median was 1.28.

SRG's Cash Ratio is ranked better than
87.84% of 1752 companies
in the Real Estate industry
Industry Median: 0.33 vs SRG: 2.36

Seritage Growth Properties Cash Ratio Historical Data

The historical data trend for Seritage Growth Properties'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.

Seritage Growth Properties Cash Ratio Chart

Seritage Growth Properties Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only 1.28 0.98 0.97 1.49 2.64

Seritage Growth Properties Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only Premium Member Only 1.76 2.64 2.80 2.37 2.36

Competitive Comparison of Seritage Growth Properties's Cash Ratio

For the Real Estate Services subindustry, Seritage Growth Properties'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.


Seritage Growth Properties's Cash Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Seritage Growth Properties's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Seritage Growth Properties's Cash Ratio falls into.



Seritage Growth Properties Cash Ratio Calculation

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

Seritage Growth Properties'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
=134.001/50.7
=2.64

Seritage Growth Properties's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash Ratio (Q: Sep. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=85.599/36.228
=2.36

* 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.


Seritage Growth Properties  (NYSE:SRG) 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.


Seritage Growth Properties Cash Ratio Related Terms

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Seritage Growth Properties Business Description

Traded in Other Exchanges
Address
500 Fifth Avenue, Suite 1530, New York, NY, USA, 10110
Seritage Growth Properties is principally engaged in the ownership, development, redevelopment, management and leasing of diversified and mixed-use properties throughout the United States.
Executives
Edward S Lampert other: Trustee 1170 KANE CONCOURSE, SUITE 200, BAY HARBOUR FL 33154
Mark Wilsmann director SERITAGE GROWTH PROPERTIES, 500 FIFTH AVENUE, STE. 1530, NEW YORK NY 10110
Mitchell A Sabshon director 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Talya Nevo-hacohen director C/O SABRA HEALTH CARE REIT, INC., 18500 VON KARMAN, SUITE 550, IRVINE CA 92612
Adam S Metz director 110 NORTH WACKER DRIVE, CHICAGO IL 60606
Eric Dinenberg officer: Chief Operating Officer SERITAGE GROWTH PROPERTIES, 500 FIFTH AVENUE, STE. 1530, NEW YORK NY 10110
Allison Thrush director 500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Andrea Olshan director, officer: CEO and President 500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Andrew Galvin officer: EVP of Investments SERITAGE GROWTH PROPERTIES, 500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Amanda Lombard officer: CFO and EVP 500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Brian Robert Dickman officer: CFO and EVP 411 S. OLD WOODWARD, APT. 918, BIRMINGHAM MI 48009
Kenneth T Lombard officer: EVP, Chief Operating Officer 550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Benjamin Schall director, officer: CEO, President 261 BROADWAY, NO.11B, NEW YORK NY 10007
Matthew E Fernand officer: General Counsel and EVP 3333 BEVERLY ROAD, C/O SERITAGE GROWTH PROPERTIES, HOFFMAN ESTATES IL 60179
James Edwin Bry officer: See Remarks 3333 BEVERLY ROAD, C/O SERITAGE GROWTH PROPERTIES, HOFFMAN ESTATES IL 60179

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