Urban Edge Properties has a Cash Ratio of 0.44. 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 Urban Edge Properties's Cash Ratio or its related term are showing as below:
UE'
s Cash Ratio Range Over the Past 10 Years
Min: 0.1 Med: 3.15 Max: 14.98
Current: 0.44
During the past 13 years, Urban Edge Properties's highest Cash Ratio was 14.98. The lowest was 0.10. And the median was 3.15.
UE's Cash Ratio is ranked better than 51.49% of 707
companies
in the REITs industry
Industry Median: 0.42
vs UE: 0.44
* 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 Urban Edge Properties's Cash Ratio
For the REIT - Retail subindustry, Urban Edge 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.
Urban Edge Properties's Cash Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Urban Edge Properties's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Urban Edge Properties's Cash Ratio falls into.
Urban Edge 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.
Urban Edge 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.
Urban Edge Properties (NYSE:UE) 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.
Urban Edge Properties Cash Ratio Related Terms
Thank you for viewing the detailed overview of Urban Edge Properties's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Urban Edge Properties (Urban Edge Properties) Business Description
Urban Edge Properties is a real estate investment trust principally focused on the management and development of retail real estate properties in urban communities in the U.S. Having originally been created to hold the majority of Vornado Realty Trust's shopping center businesses, Urban Edge's asset portfolio is mostly composed of shopping centers and malls in terms of total square footage. The company's holdings include necessity and convenience-oriented retailers, such as department stores, grocers, health clubs, and restaurants. Urban Edge's properties are mainly located in the New York City metropolitan region and within the DC to Boston corridor. The company generates nearly all of its revenue through the collection of rent from a large number of tenants.
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