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US Masters Residential Property Fund (ASX:URF) Current Ratio : 29.81 (As of Jun. 2024)


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What is US Masters Residential 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. US Masters Residential Property Fund's current ratio for the quarter that ended in Jun. 2024 was 29.81.

US Masters Residential Property Fund has a current ratio of 29.81. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.

The historical rank and industry rank for US Masters Residential Property Fund's Current Ratio or its related term are showing as below:

ASX:URF' s Current Ratio Range Over the Past 10 Years
Min: 1.38   Med: 6.6   Max: 29.81
Current: 29.81

During the past 12 years, US Masters Residential Property Fund's highest Current Ratio was 29.81. The lowest was 1.38. And the median was 6.60.

ASX:URF's Current Ratio is ranked better than
97.27% of 769 companies
in the REITs industry
Industry Median: 0.99 vs ASX:URF: 29.81

US Masters Residential Property Fund Current Ratio Historical Data

The historical data trend for US Masters Residential 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.

US Masters Residential Property Fund Current Ratio Chart

US Masters Residential Property Fund Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.03 7.61 7.83 6.80 20.00

US Masters Residential Property Fund Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Current Ratio Get a 7-Day Free Trial 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 6.39 6.80 10.59 20.00 29.81

Competitive Comparison of US Masters Residential Property Fund's Current Ratio

For the REIT - Residential subindustry, US Masters Residential 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.


US Masters Residential Property Fund's Current Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, US Masters Residential Property Fund's Current Ratio distribution charts can be found below:

* The bar in red indicates where US Masters Residential Property Fund's Current Ratio falls into.



US Masters Residential 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.

US Masters Residential Property Fund's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=137.201/6.861
=20.00

US Masters Residential Property Fund's Current Ratio for the quarter that ended in Jun. 2024 is calculated as

Current Ratio (Q: Jun. 2024 )=Total Current Assets (Q: Jun. 2024 )/Total Current Liabilities (Q: Jun. 2024 )
=230.519/7.733
=29.81

* 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.


US Masters Residential Property Fund  (ASX:URF) 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.


US Masters Residential Property Fund Current Ratio Related Terms

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US Masters Residential Property Fund Business Description

Traded in Other Exchanges
N/A
Address
1 O’Connell Street, Level 32, Sydney, NSW, AUS, 2000
US Masters Residential Property Fund invests in the United States residential property market. The Group operates in a single operating segment, being in the business of investing in residential real estate assets associated with the New York metropolitan area in the United States of America.

US Masters Residential Property Fund Headlines

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