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Preferred Apartment Communities Cash Ratio

: 0.84 (As of Mar. 2022)
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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. Preferred Apartment Communities's Cash Ratio for the quarter that ended in Mar. 2022 was 0.84.

Preferred Apartment Communities has a Cash Ratio of 0.84. 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 Preferred Apartment Communities's Cash Ratio or its related term are showing as below:

APTS' s Cash Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.21   Max: 3.19
Current: 0.84

During the past 12 years, Preferred Apartment Communities's highest Cash Ratio was 3.19. The lowest was 0.03. And the median was 0.21.

APTS's Cash Ratio is ranked better than
67.68% of 693 companies
in the REITs industry
Industry Median: 0.41 vs APTS: 0.84

Preferred Apartment Communities Cash Ratio Historical Data

The historical data trend for Preferred Apartment Communities'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.

Preferred Apartment Communities Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cash Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.17 0.21 0.70 0.17 0.22

Preferred Apartment Communities Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Cash Ratio 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 Premium Member Only Premium Member Only Premium Member Only 0.17 0.18 0.36 0.22 0.84

Competitive Comparison

For the REIT - Diversified subindustry, Preferred Apartment Communities'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.

   

Preferred Apartment Communities Cash Ratio Distribution

For the REITs industry and Real Estate sector, Preferred Apartment Communities's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Preferred Apartment Communities's Cash Ratio falls into.



Preferred Apartment Communities Cash Ratio Calculation

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

Preferred Apartment Communities's Cash Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

Cash Ratio (A: Dec. 2021 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=30.205/139.348
=0.22

Preferred Apartment Communities's Cash Ratio for the quarter that ended in Mar. 2022 is calculated as:

Cash Ratio (Q: Mar. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=117.221/139.725
=0.84

* 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.


Preferred Apartment Communities  (NYSE:APTS) 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.


Preferred Apartment Communities Cash Ratio Related Terms

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Preferred Apartment Communities Business Description

Preferred Apartment Communities logo
Traded in Other Exchanges
Address
3284 Northside Parkway NW, Suite 150, Atlanta, GA, USA, 30327
Preferred Apartment Communities Inc is a real estate investment trust that acquires and operates multifamily properties in select targeted markets throughout the United States. It operates through the following segments: The Multifamily Communities segment being the highest revenue generating segment; Financing segment refers to the portfolio of real estate loans, bridge loans, other instruments, and other real estate related assets; New Market Properties segment covers a portfolio of grocery-anchored shopping centers, as well as the financial results from the retail real estate loans; and Preferred Office properties segment relates to the office buildings.
Executives
Sherman Jeffrey David officer: PRESIDENT - MULTIFAMILY 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
Aide Michael officer: PRESIDENT - RETAIL 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
Isakson John A officer: CHIEF FINANCIAL OFFICER 3284 NORTHSIDE PARKWAY, NW, SUITE 150 ATLANTA GA 30327
Sprain Jeffrey R officer: EVP, GENERAL COUNSEL AND SEC. 3284 NORTHSIDE PARKWAY, NW, SUITE 150 ATLANTA GA 30327
Jackson Daphne Bryson director 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
Cannon John M director 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
Dupree Parker Boone officer: President - Office 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
Finley Sara director ONE CVS DRIVE WOONSOCKET RI 02895
Wiens John M. director 3284 NORTHSIDE PARKWAY NW STE. 150 ATLANTA GA 30327
Murphy Joel T director, officer: See Remarks 2500 WINDY RIDGE PARKWAY SUITE 1600 ATLANTA GA 30339
Gresham William J Jr director 1010 RICHMOND HILL DRIVE MARIETTA GA 30068
Williams Opportunity Fund Llc 10 percent owner 3625 CUMBERLAND BLVD SUITE 400 ATLANTA GA 30339
Williams Realty Fund I Llc 10 percent owner 3625 CUMBERLAND BLVD STE 400 ATLANTA GA 30339
Dupree Daniel M director 2500 WINDY RIDGE PARKWAY SUITE 1600 ATLANTA GA 30339
Leseman William F officer: See Remarks 3625 CUMBERLAND BOULDEVARD SUITE 400 ATLANTA GA 30339

Preferred Apartment Communities Headlines

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