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Asset PlusNZSE:APL 43 Current Ratio is 4.26 as of Mar. 2026, which is 30% below its 10-year median of 6.07. GuruFocus rates NZSE:APL with a GF Score™ of 43/100 and a GF Value™ of NZ$0.23 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 753 REITs companies, Asset Plus ranks better than 85.66% on this metric.
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. Asset Plus's current ratio for the quarter that ended in Mar. 2026 was 4.26.
Asset Plus has a current ratio of 4.26. 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 Asset Plus's Current Ratio or its related term are showing as below:
NZSE:APL'
s Current Ratio Range Over the Past 10 Years
Min: 0.57 Med: 6.07 Max: 23.07
Current: 4.26
During the past 13 years, Asset Plus's highest Current Ratio was 23.07. The lowest was 0.57. And the median was 6.07.
NZSE:APL's Current Ratio is ranked better than 85.66% of 753
companies
in the REITs industry
Industry Median: 0.98
vs NZSE:APL: 4.26
Asset Plus (NZSE:APL) 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.
Asset Plus Current Ratio Related Terms
Asset Plus Current Ratio Historical Data
* Premium members only.
The historical data trend for Asset Plus'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.
NZSE:APL vs VICI, WPC, BNL: Current Ratio Comparison
For the REIT - Diversified subindustry, Asset Plus'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.
Asset Plus Current Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Asset Plus's Current Ratio distribution charts can be found below:
* The bar in red indicates where Asset Plus's Current Ratio falls into.
* 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.
Asset Plus (NZSE:APL) has a Current Ratio of 4.26 as of Mar. 2026. This is 30% below median its historical median of 6.07. Over the past decade, Asset Plus' Current Ratio has ranged from 0.57 to 23.07. According to the industry distribution chart, Asset Plus ranks #108 out of 753 companies in the REITs industry, placing it in the top 14.3%.
Is Asset Plus' Current Ratio too high?
Asset Plus' current Current Ratio of 4.26 is 30% below median its 10-year median of 6.07. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 23.07. The REITs industry median Current Ratio is 0.98. Asset Plus' value of 4.26 is 334.7% above this industry median. Based on the distribution chart, Asset Plus ranks #108 out of 753 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Asset Plus has a GF Score™ of 43/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asset Plus' Current Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Asset Plus ranks #108 out of 753 companies for Current Ratio. This places Asset Plus in the top 14% of its industry — outperforming the majority of peers. The industry median Current Ratio is 0.98. Asset Plus' value of 4.26 is 334.7% above this benchmark. Historically, Asset Plus' own Current Ratio has ranged from 0.57 to 23.07 over the past decade. While the company's 10-year median is 6.07 vs. the industry median of 0.98, Asset Plus 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 753 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. Asset Plus's current Current Ratio of 4.26 is 334.7% 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. Asset Plus's current Current Ratio is 4.26, which is 30% below median its own 10-year median of 6.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Plus stock overvalued right now?
Based on GuruFocus' analysis, Asset Plus (NZSE:APL) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$0.23, compared to a current price of NZ$0.17 — trading 27.4% below its estimated fair value. The current Current Ratio is 4.26, which is 30% below median its 10-year median of 6.07 and 334.7% above the REITs industry median of 0.98. Asset Plus' overall GF Score™ is 43/100 with 2 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 Asset Plus (NZSE:APL), the current Current Ratio is 4.26 as of Mar. 2026. 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 Asset Plus (NZSE:APL) Overvalued in 2026?
Based on GuruFocus' analysis, Asset Plus stock appears to be undervalued.
The current stock price of NZ$0.17 is trading 27.4% below its estimated GF Value™ of NZ$0.23.
GuruFocus considers Asset Plus to be Modestly Undervalued.
Key valuation signals for NZSE:APL:
Current Ratio: 4.26 (30% below median its 10-year median of 6.07)
GF Value™: NZ$0.23 vs. price of NZ$0.17 (27.4% below fair value)
Industry Position: 334.7% above the REITs median (#108 of 753)
No single metric tells the full story. See the NZSE:APL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asset Plus Ltd is a commercial property investment company. Its principal activities include investing in commercial property in New Zealand. The company's investment portfolio consists of office properties in New Zealand including the Munroe Lane property, and the 35 Graham Street property which is currently held for sale.
43GF Score
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