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AIM Commercial Growth Freehold And Leasehold REIT (BKK:AIMCG) Quick Ratio : 5.21 (As of Dec. 2024)


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What is AIM Commercial Growth Freehold And Leasehold REIT 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. AIM Commercial Growth Freehold And Leasehold REIT's quick ratio for the quarter that ended in Dec. 2024 was 5.21.

AIM Commercial Growth Freehold And Leasehold REIT has a quick ratio of 5.21. It generally indicates good short-term financial strength.

The historical rank and industry rank for AIM Commercial Growth Freehold And Leasehold REIT's Quick Ratio or its related term are showing as below:

BKK:AIMCG' s Quick Ratio Range Over the Past 10 Years
Min: 2.1   Med: 4.09   Max: 6.64
Current: 5.21

During the past 6 years, AIM Commercial Growth Freehold And Leasehold REIT's highest Quick Ratio was 6.64. The lowest was 2.10. And the median was 4.09.

BKK:AIMCG's Quick Ratio is ranked better than
88.36% of 773 companies
in the REITs industry
Industry Median: 0.91 vs BKK:AIMCG: 5.21

AIM Commercial Growth Freehold And Leasehold REIT Quick Ratio Historical Data

The historical data trend for AIM Commercial Growth Freehold And Leasehold REIT'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.

AIM Commercial Growth Freehold And Leasehold REIT Quick Ratio Chart

AIM Commercial Growth Freehold And Leasehold REIT Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Quick Ratio
Get a 7-Day Free Trial 2.23 3.34 4.83 6.64 5.21

AIM Commercial Growth Freehold And Leasehold REIT Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 6.64 6.24 5.46 7.33 5.21

Competitive Comparison of AIM Commercial Growth Freehold And Leasehold REIT's Quick Ratio

For the REIT - Retail subindustry, AIM Commercial Growth Freehold And Leasehold REIT'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.


AIM Commercial Growth Freehold And Leasehold REIT's Quick Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, AIM Commercial Growth Freehold And Leasehold REIT's Quick Ratio distribution charts can be found below:

* The bar in red indicates where AIM Commercial Growth Freehold And Leasehold REIT's Quick Ratio falls into.


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AIM Commercial Growth Freehold And Leasehold REIT 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.

AIM Commercial Growth Freehold And Leasehold REIT's Quick Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Quick Ratio (A: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(436.419-0)/83.722
=5.21

AIM Commercial Growth Freehold And Leasehold REIT's Quick Ratio for the quarter that ended in Dec. 2024 is calculated as

Quick Ratio (Q: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(436.419-0)/83.722
=5.21

* 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.


AIM Commercial Growth Freehold And Leasehold REIT  (BKK:AIMCG) 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.


AIM Commercial Growth Freehold And Leasehold REIT Quick Ratio Related Terms

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AIM Commercial Growth Freehold And Leasehold REIT Business Description

Traded in Other Exchanges
N/A
Address
Witthayu Road, No. 93/1 GPF Building, Witthayu, Building B, 8th Floor, Room 803, Lumphini Subdistrict, Pathumwan District, Bangkok, THA, 10330
AIM Commercial Growth Freehold And Leasehold REIT is a specific closed-end real estate investment trust with an indefinite term. It invests in shopping mall buildings, lifestyle malls, shopping malls, office buildings for rent, commercial buildings, food centers, and convention centers. Its projects portfolio includes the UD Town Project, the 72 Courtyard Project, the Porto Chino Project, and Noble Solo Project, and Others. The company operates its business in Thailand.

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