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. Boston Properties's Cash Ratio for the quarter that ended in Dec. 2023 was 2.01.
Boston Properties has a Cash Ratio of 2.01. 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 Boston Properties's Cash Ratio or its related term are showing as below:
BXP'
s Cash Ratio Range Over the Past 10 Years
Min: 0.53 Med: 1.01 Max: 2.72
Current: 2.01
During the past 13 years, Boston Properties's highest Cash Ratio was 2.72. The lowest was 0.53. And the median was 1.01.
BXP's Cash Ratio is ranked better than 82.72% of 706
companies
in the REITs industry
Industry Median: 0.415
vs BXP: 2.01
Boston Properties Cash Ratio Historical Data
The historical data trend for Boston 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.
Competitive Comparison of Boston Properties's Cash Ratio
For the REIT - Office subindustry, Boston 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.
Boston Properties's Cash Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Boston Properties's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Boston Properties's Cash Ratio falls into.
Boston 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.
Boston Properties'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.
Boston Properties (NYSE:BXP) 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.
Boston Properties Cash Ratio Related Terms
Thank you for viewing the detailed overview of Boston Properties's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Boston Properties (Boston Properties) Business Description
Boston Properties owns over 190 properties consisting of approximately 54 million rentable square feet of space. The portfolio is dominated by office buildings and is spread across major cities such as New York, Boston, San Francisco, Los Angeles, Seattle, and the Washington, D.C., region. The real estate investment trust also owns limited retail, hotel, and residential properties.
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