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. ESR Group's current ratio for the quarter that ended in Dec. 2023 was 1.50.
ESR Group has a current ratio of 1.50. It generally indicates good short-term financial strength.
The historical rank and industry rank for ESR Group's Current Ratio or its related term are showing as below:
ESRCF'
s Current Ratio Range Over the Past 10 Years
Min: 1.02 Med: 2.15 Max: 4.78
Current: 1.5
During the past 8 years, ESR Group's highest Current Ratio was 4.78. The lowest was 1.02. And the median was 2.15.
ESRCF's Current Ratio is ranked worse than 54.84% of 1827
companies
in the Real Estate industry
Industry Median: 1.62
vs ESRCF: 1.50
ESR Group Current Ratio Historical Data
The historical data trend for ESR Group'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.
Competitive Comparison of ESR Group's Current Ratio
For the Real Estate Services subindustry, ESR Group'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.
ESR Group's Current Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, ESR Group's Current Ratio distribution charts can be found below:
* The bar in red indicates where ESR Group's Current Ratio falls into.
ESR Group 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.
ESR Group's Current 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.
ESR Group (OTCPK:ESRCF) 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.
ESR Group Current Ratio Related Terms
Thank you for viewing the detailed overview of ESR Group's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
ESR Group, or ESR, is one of the largest real asset managers in the Asia-Pacific, with USD 145 billion in total assets under management as of Dec. 31, 2022. Most of its earnings are derived from fund management, where it manages underlying assets in investment vehicles such as a fund or REIT for fee income and a share of profits. It also develops and holds investment properties on its balance sheet for rental income and capital appreciation and will divest them into its managed funds and REITs over time to unlock and recycle the capital into other investment opportunities. In addition, to align its interest with its capital partners, ESR coinvests in the funds and REITs that it manages where it generates dividend income, pro rata earnings and value appreciation.
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