GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Alexandria Real Estate Equities Inc (NYSE:AREpD.PFD) » Definitions » Quick Ratio

AREPD.PFD (Alexandria Real Estate Equities) Quick Ratio : 0.30 (As of Sep. 2024)


View and export this data going back to 2009. Start your Free Trial

What is Alexandria Real Estate Equities Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Alexandria Real Estate Equities's quick ratio for the quarter that ended in Sep. 2024 was 0.30.

Alexandria Real Estate Equities has a quick ratio of 0.30. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Alexandria Real Estate Equities's Quick Ratio or its related term are showing as below:

AREpD.PFD' s Quick Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.34   Max: 0.78
Current: 0.3

During the past 13 years, Alexandria Real Estate Equities's highest Quick Ratio was 0.78. The lowest was 0.09. And the median was 0.34.

AREpD.PFD's Quick Ratio is ranked worse than
80.88% of 769 companies
in the REITs industry
Industry Median: 0.93 vs AREpD.PFD: 0.30

Alexandria Real Estate Equities Quick Ratio Historical Data

The historical data trend for Alexandria Real Estate Equities's Quick 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.

Alexandria Real Estate Equities Quick Ratio Chart

Alexandria Real Estate Equities Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.64 0.41 0.58 0.39

Alexandria Real Estate Equities Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Quick 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 0.36 0.39 0.47 0.33 0.30

Competitive Comparison of Alexandria Real Estate Equities's Quick Ratio

For the REIT - Office subindustry, Alexandria Real Estate Equities's Quick Ratio, along with its competitors' market caps and Quick 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.


Alexandria Real Estate Equities's Quick Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Alexandria Real Estate Equities's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Alexandria Real Estate Equities's Quick Ratio falls into.



Alexandria Real Estate Equities Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Alexandria Real Estate Equities's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(781.752-0)/2001.077
=0.39

Alexandria Real Estate Equities's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(715.744-0)/2389.638
=0.30

* 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.


Alexandria Real Estate Equities  (NYSE:AREpD.PFD) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.


Alexandria Real Estate Equities Quick Ratio Related Terms

Thank you for viewing the detailed overview of Alexandria Real Estate Equities's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Alexandria Real Estate Equities Business Description

Traded in Other Exchanges
Address
26 North Euclid Avenue, Pasadena, CA, USA, 91101
Alexandria Real Estate Equities Inc is an urban office real estate investment trust (REIT). It is engaged in the business of providing space for lease to life science, agtech, and technology tenants. The company has established a significant market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, agtech, and technology campuses that provide tenants with highly dynamic and collaborative environments. Alexandria also provides strategic capital to transformative life science, agtech, and technology companies through venture capital platform.

Alexandria Real Estate Equities Headlines

From GuruFocus