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First Potomac Realty Trust (First Potomac Realty Trust) Current Ratio : 0.56 (As of Jun. 2017)


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What is First Potomac Realty Trust 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. First Potomac Realty Trust's current ratio for the quarter that ended in Jun. 2017 was 0.56.

First Potomac Realty Trust has a current ratio of 0.56. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If First Potomac Realty Trust 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 First Potomac Realty Trust's Current Ratio or its related term are showing as below:

FPOpA_CL.PFD' s Current Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.66   Max: 2.75
Current: 0.56

During the past 13 years, First Potomac Realty Trust's highest Current Ratio was 2.75. The lowest was 0.29. And the median was 0.66.

FPOpA_CL.PFD's Current Ratio is not ranked
in the REITs industry.
Industry Median: 1.015 vs FPOpA_CL.PFD: 0.56

First Potomac Realty Trust Current Ratio Historical Data

The historical data trend for First Potomac Realty Trust'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.

First Potomac Realty Trust Current Ratio Chart

First Potomac Realty Trust Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.76 0.49 1.08 0.41

First Potomac Realty Trust Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 0.29 0.34 0.41 0.68 0.56

Competitive Comparison of First Potomac Realty Trust's Current Ratio

For the REIT - Office subindustry, First Potomac Realty Trust'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.


First Potomac Realty Trust's Current Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, First Potomac Realty Trust's Current Ratio distribution charts can be found below:

* The bar in red indicates where First Potomac Realty Trust's Current Ratio falls into.



First Potomac Realty Trust 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.

First Potomac Realty Trust's Current Ratio for the fiscal year that ended in Dec. 2016 is calculated as

Current Ratio (A: Dec. 2016 )=Total Current Assets (A: Dec. 2016 )/Total Current Liabilities (A: Dec. 2016 )
=78.376/193.23
=0.41

First Potomac Realty Trust's Current Ratio for the quarter that ended in Jun. 2017 is calculated as

Current Ratio (Q: Jun. 2017 )=Total Current Assets (Q: Jun. 2017 )/Total Current Liabilities (Q: Jun. 2017 )
=70.762/125.86
=0.56

* 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.


First Potomac Realty Trust  (NYSE:FPOpA_CL.PFD) 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.


First Potomac Realty Trust Current Ratio Related Terms

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First Potomac Realty Trust (First Potomac Realty Trust) Business Description

Traded in Other Exchanges
N/A
Address
First Potomac Realty Trust is a real estate investment trust engaged in the ownership, management, and development of commercial properties in the greater Washington D.C. area. The company's real estate portfolio is primarily composed of a mix of single-tenant and multi-tenant office properties and business parks. These assets are fairly evenly distributed between the Washington D.C., Maryland, Northern Virginia, and Southern Virginia regions in terms of square footage. First Potomac derives the vast majority of its revenue in the form of rental income from tenants. Most of this revenue comes from its properties located in Maryland and Northern Virginia. The company's largest tenants are U.S. government entities and government contractors.
Executives
Andrew P Blocher officer: EVP, CFO 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Thomas E Robinson other: Trustee 309 GARRISON FOREST ROAD, OWNINGS MILLS MD 21117
James P Hoffmann other: Trustee FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Terry L Stevens other: Trustee 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Michael H Comer officer: SVP, CAO FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Robert H Arnold other: Trustee 129 E.69TH ST., NEW YORK NY 10021
Robert Milkovich officer: President, CEO and COO 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Samantha Sacks Gallagher officer: EVP and General Counsel C/O VICI PROPERTIES INC., 535 MADISON AVE 20TH FL, NEW YORK NY 10022
Kati M. Penney other: Trustee C/O FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVE, 11TH FLOOR, BETHESDA MD 20814
First Potomac Realty Trust other: Trustee 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Joel F Bonder officer: Executive VP, GC & Secretary FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Timothy M Zulick officer: Senior Vice President FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA X1 20814
Richard B Chess director 3821 DARBY DR, MIDLOTHIAN VA 23113
R Michael Mccullough director 8270 GREENSBORO DR STE 950, MCLEAN VA 22102
Heller J Roderick Iii director C/O FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814

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