US Residential Fund (ASX:USR) Quick Ratio: 17.74 (As of Dec. 2018)


What is US Residential Fund Quick Ratio?

US Residential Fund ASX:USR Quick Ratio is 17.74 as of Dec. 2018.

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. US Residential Fund's quick ratio for the quarter that ended in Dec. 2018 was 17.74.

US Residential Fund has a quick ratio of 17.74. It generally indicates good short-term financial strength.

The historical rank and industry rank for US Residential Fund's Quick Ratio or its related term are showing as below:

ASX:USR's Quick Ratio is not ranked *
in the REITs industry.
Industry Median: 0.87
* Ranked among companies with meaningful Quick Ratio only.

US Residential Fund  (ASX:USR) 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.

US Residential Fund Quick Ratio Related Terms

US Residential Fund Quick Ratio Historical Data

* Premium members only.

The historical data trend for US Residential Fund'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.

US Residential Fund Quick Ratio Chart

US Residential Fund Annual Data
Trend Dec15 Dec16 Dec18
Quick Ratio
0.80 2.56 17.74

US Residential Fund Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18
Quick Ratio Get a 7-Day Free Trial 2.56 10.74 4.38 64.28 17.74

ASX:USR vs RVEN, SACH, OAKS: Quick Ratio Comparison

For the REIT - Residential subindustry, US Residential Fund'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.

US Residential Fund Quick Ratio vs REITs Industry

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

* The bar in red indicates where US Residential Fund's Quick Ratio falls into.


US Residential Fund 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.

US Residential Fund's Quick Ratio for the fiscal year that ended in Dec. 2018 is calculated as

Quick Ratio (A: Dec. 2018 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(11.942-0)/0.673
=17.74

US Residential Fund's Quick Ratio for the quarter that ended in Dec. 2018 is calculated as

Quick Ratio (Q: Dec. 2018 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(11.942-0)/0.673
=17.74

* 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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 17.74 mean?
US Residential Fund (ASX:USR) has a Quick Ratio of 17.74 as of Dec. 2018. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on US Residential Fund and its competitors.
Is US Residential Fund's Quick Ratio too high?
US Residential Fund's current Quick Ratio is 17.74. The REITs industry median Quick Ratio is 0.87. US Residential Fund's value of 17.74 is 1939.1% above this industry median.
How does US Residential Fund's Quick Ratio compare to RVEN and SACH?
US Residential Fund's Quick Ratio of 17.74 can be compared against companies in the REITs industry. The industry median Quick Ratio is 0.87. US Residential Fund's value of 17.74 is 1939.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a REITs company?
The median Quick Ratio among REITs companies is 0.87, based on 760 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. US Residential Fund's current Quick Ratio of 17.74 is 1939.1% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on US Residential Fund and its competitors. For the REITs industry, the median Quick Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. US Residential Fund's current Quick Ratio is 17.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is US Residential Fund stock overvalued right now?
US Residential Fund (ASX:USR) has a current Quick Ratio of 17.74. The current Quick Ratio is 17.74 and 1939.1% above the REITs industry median of 0.87. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For US Residential Fund (ASX:USR), the current Quick Ratio is 17.74 as of Dec. 2018. 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.

US Residential Fund Business Description

Industry Real EstateREITs
Address 201 Sussex Street, Level 20, Tower 2, Darling Park, Sydney, NSW, AUS, 2000
US Residential Fund is a real estate investment trust. The group operates in the United States residential property market. The investment objectives of the fund are expanding and diversifying in the United States residential market through direct and indirect property investments, utilizing both debt and equity instruments to facilitate the transactions.