Goodman New Zealand and Goodman Property Services has a current ratio of 6.85. 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.
FRA:NJK's Current Ratio is ranked better than 90.8% of 761
companies
in the REITs industry
Industry Median: 0.98
vs FRA:NJK: 6.85
Goodman New Zealand and Goodman Property Services (FRA:NJK) 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.
Goodman New Zealand and Goodman Property Services Current Ratio Related Terms
Goodman New Zealand and Goodman Property Services Current Ratio Historical Data
* 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.
Goodman New Zealand and Goodman Property Services Current Ratio Chart
Goodman New Zealand and Goodman Property Services Annual Data
* 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.
Goodman New Zealand and Goodman Property Services Current Ratio vs REITs Industry
* 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.
Goodman New Zealand and Goodman Property Services (FRA:NJK) has a Current Ratio of 6.85 as of Sep. 2025. This is 778% above median its historical median of 0.78. Over the past decade, Goodman New Zealand and Goodman Property Services' Current Ratio has ranged from 0.07 to 6.85. According to the industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #70 out of 761 companies in the REITs industry, placing it in the top 9.2%.
Is Goodman New Zealand and Goodman Property Services' Current Ratio too high?
Goodman New Zealand and Goodman Property Services' current Current Ratio of 6.85 is 778% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 6.85. The REITs industry median Current Ratio is 0.98. Goodman New Zealand and Goodman Property Services' value of 6.85 is 599% above this industry median. Based on the distribution chart, Goodman New Zealand and Goodman Property Services ranks #70 out of 761 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Goodman New Zealand and Goodman Property Services has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Goodman New Zealand and Goodman Property Services' Current Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #70 out of 761 companies for Current Ratio. This places Goodman New Zealand and Goodman Property Services in the top 9% of its industry — outperforming the majority of peers. The industry median Current Ratio is 0.98. Goodman New Zealand and Goodman Property Services' value of 6.85 is 599% above this benchmark. Historically, Goodman New Zealand and Goodman Property Services' own Current Ratio has ranged from 0.07 to 6.85 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 0.98, Goodman New Zealand and Goodman Property Services has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a REITs company?
The median Current Ratio among REITs companies is 0.98, based on 761 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Goodman New Zealand and Goodman Property Services's current Current Ratio of 6.85 is 599% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median Current Ratio is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goodman New Zealand and Goodman Property Services's current Current Ratio is 6.85, which is 778% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goodman New Zealand and Goodman Property Services stock overvalued right now?
Based on GuruFocus' analysis, Goodman New Zealand and Goodman Property Services (FRA:NJK) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.74, compared to a current price of €1.00 — trading 35.1% above its estimated fair value. The current Current Ratio is 6.85, which is 778% above median its 10-year median of 0.78 and 599% above the REITs industry median of 0.98. Goodman New Zealand and Goodman Property Services' overall GF Score™ is 31/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Goodman New Zealand and Goodman Property Services (FRA:NJK), the current Current Ratio is 6.85 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Goodman New Zealand and Goodman Property Services (FRA:NJK) Overvalued in 2026?
Based on GuruFocus' analysis, Goodman New Zealand and Goodman Property Services stock appears to be overvalued.
The current stock price of €1.00 is trading 35.1% above its estimated GF Value™ of €0.74.
GuruFocus considers Goodman New Zealand and Goodman Property Services to be Significantly Overvalued.
Key valuation signals for FRA:NJK:
Current Ratio: 6.85 (778% above median its 10-year median of 0.78)
GF Value™: €0.74 vs. price of €1.00 (35.1% above fair value)
Industry Position: 599% above the REITs median (#70 of 761)
No single metric tells the full story. See the FRA:NJK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Goodman New Zealand and Goodman Property Services Business Description
Goodman New Zealand Ltd and Goodman Property Services Ltd, formerly known as Goodman Property Trust, is one of New Zealand's property trusts, with a portfolio composed of industrial estates, businesses, and a development bank. After selling its Christchurch assets, Goodman is 100% Auckland-centric. The focus over the next few years will be on selling lower-quality assets and redeploying capital to industrial property in strategically important locations. The investment is premised on management's view that industrial assets in premium locations will generate superior long-term returns from lower average vacancy and higher rent growth.
31GF Score
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