GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RAM Essential Services Property Fund (ASX:REP) » Definitions » Current Ratio

RAM Essential Services Property Fund (ASX:REP) Current Ratio : 0.86 (As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is RAM Essential Services Property Fund Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. RAM Essential Services Property Fund's current ratio for the quarter that ended in Dec. 2023 was 0.86.

RAM Essential Services Property Fund has a current ratio of 0.86. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If RAM Essential Services Property Fund has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for RAM Essential Services Property Fund's Current Ratio or its related term are showing as below:

ASX:REP' s Current Ratio Range Over the Past 10 Years
Min: 0.56   Med: 0.7   Max: 1.43
Current: 0.86

During the past 2 years, RAM Essential Services Property Fund's highest Current Ratio was 1.43. The lowest was 0.56. And the median was 0.70.

ASX:REP's Current Ratio is ranked worse than
86.34% of 688 companies
in the Asset Management industry
Industry Median: 3.045 vs ASX:REP: 0.86

RAM Essential Services Property Fund Current Ratio Historical Data

The historical data trend for RAM Essential Services Property Fund's Current 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.

RAM Essential Services Property Fund Current Ratio Chart

RAM Essential Services Property Fund Annual Data
Trend Jun22 Jun23
Current Ratio
0.59 0.70

RAM Essential Services Property Fund Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Current Ratio 1.43 0.59 0.56 0.70 0.86

Competitive Comparison of RAM Essential Services Property Fund's Current Ratio

For the Asset Management subindustry, RAM Essential Services Property Fund's Current Ratio, along with its competitors' market caps and Current 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.


RAM Essential Services Property Fund's Current Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RAM Essential Services Property Fund's Current Ratio distribution charts can be found below:

* The bar in red indicates where RAM Essential Services Property Fund's Current Ratio falls into.



RAM Essential Services Property Fund Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

RAM Essential Services Property Fund's Current Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Current Ratio (A: Jun. 2023 )=Total Current Assets (A: Jun. 2023 )/Total Current Liabilities (A: Jun. 2023 )
=23.681/33.821
=0.70

RAM Essential Services Property Fund's Current Ratio for the quarter that ended in Dec. 2023 is calculated as

Current Ratio (Q: Dec. 2023 )=Total Current Assets (Q: Dec. 2023 )/Total Current Liabilities (Q: Dec. 2023 )
=31.764/36.751
=0.86

* 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.


RAM Essential Services Property Fund  (ASX:REP) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


RAM Essential Services Property Fund Current Ratio Related Terms

Thank you for viewing the detailed overview of RAM Essential Services Property Fund's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


RAM Essential Services Property Fund (ASX:REP) Business Description

Traded in Other Exchanges
N/A
Address
Australia Square 264 George Street, Suite 3201, Level 32, Sydney, NSW, AUS, 2000
RAM Essential Services Property Fund invests in high-quality Australian medical and essential retail real estate assets, leased to essential services tenants. Its objective is to provide investors with stable and secure income with the potential for both income and capital growth through exposure to high quality, defensive portfolio of assets with favourable sector trends.

RAM Essential Services Property Fund (ASX:REP) Headlines

No Headlines