Gladstone Land has a Cash Ratio of 1.29. 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 Gladstone Land's Cash Ratio or its related term are showing as below:
LAND'
s Cash Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.95 Max: 2.95
Current: 1.29
During the past 13 years, Gladstone Land's highest Cash Ratio was 2.95. The lowest was 0.12. And the median was 0.95.
LAND's Cash Ratio is ranked better than 75.39% of 707
companies
in the REITs industry
Industry Median: 0.42
vs LAND: 1.29
Gladstone Land Cash Ratio Historical Data
The historical data trend for Gladstone Land'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 Gladstone Land's Cash Ratio
For the REIT - Specialty subindustry, Gladstone Land'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.
Gladstone Land's Cash Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Gladstone Land's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Gladstone Land's Cash Ratio falls into.
Gladstone Land Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Gladstone Land'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.
Gladstone Land (NAS:LAND) 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.
Gladstone Land Cash Ratio Related Terms
Thank you for viewing the detailed overview of Gladstone Land's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Gladstone Land (Gladstone Land) Business Description
Gladstone Land Corp is an externally-managed, agricultural REIT. It is mainly in the business of owning and leasing farmland. It manages operations in one reporting segment. It is focused on the ownership of high-quality farms and farm-related properties that are leased on a triple-net basis to tenants with a strong operating history and deep farming resources. The farmland is predominantly concentrated in locations where farmers are able to grow either fresh produce annual row crops (e.g., certain berries and vegetables), which are typically planted and harvested annually, or certain permanent crops (e.g., almonds, blueberries, pistachios, and wine grapes). To a much lesser extent, it also own farms that grow certain commodity crops (e.g., corn and beans).
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