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BNL (Broadstone Net Lease) Quick Ratio : 0.70 (As of Sep. 2024)


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What is Broadstone Net Lease 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. Broadstone Net Lease's quick ratio for the quarter that ended in Sep. 2024 was 0.70.

Broadstone Net Lease has a quick ratio of 0.70. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Broadstone Net Lease's Quick Ratio or its related term are showing as below:

BNL' s Quick Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.83   Max: 3.29
Current: 0.7

During the past 9 years, Broadstone Net Lease's highest Quick Ratio was 3.29. The lowest was 0.23. And the median was 0.83.

BNL's Quick Ratio is ranked worse than
60.47% of 769 companies
in the REITs industry
Industry Median: 0.93 vs BNL: 0.70

Broadstone Net Lease Quick Ratio Historical Data

The historical data trend for Broadstone Net Lease'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.

Broadstone Net Lease Quick Ratio Chart

Broadstone Net Lease Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only 0.41 2.59 1.55 1.46 1.58

Broadstone Net Lease 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 1.03 1.58 2.06 0.90 0.70

Competitive Comparison of Broadstone Net Lease's Quick Ratio

For the REIT - Diversified subindustry, Broadstone Net Lease'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.


Broadstone Net Lease's Quick Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Broadstone Net Lease's Quick Ratio falls into.



Broadstone Net Lease 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.

Broadstone Net Lease'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
=(173.705-0)/110.105
=1.58

Broadstone Net Lease'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
=(169.473-0)/240.938
=0.70

* 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.


Broadstone Net Lease  (NYSE:BNL) 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.


Broadstone Net Lease Quick Ratio Related Terms

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Broadstone Net Lease Business Description

Traded in Other Exchanges
Address
207 High Point Drive, Suite 300, Victor, NY, USA, 14564
Broadstone Net Lease Inc is an internally managed real estate investment trust that invests in, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The company has selectively invested in net leased assets in the industrial, healthcare, restaurant, retail, and office property types. The company focuses on investing in real estate that is operated by creditworthy single tenants in industries characterized by positive business drivers and trends. The company targets properties that are an integral part of the tenants' businesses and are therefore opportunities to secure long-term net leases.
Executives
Molly Wiegel officer: SVP - Human Resources BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Shekar Narasimhan director 1593 SPRING HILL RD, SUITE 400, VIENNA VA 22182
Michael A Coke director TERRENO REALTY CORPORATION, 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
Kevin Fennell officer: SVP - Capital Markets BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
John David Moragne officer: See Remarks 800 CLINTON SQUARE, ROCHESTER NY 14604
Ryan M Albano officer: See Remarks 800 CLINTON SQUARE, ROCHESTER NY 14604
Michael B. Caruso officer: SVP, Finance BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Roderick Pickney officer: SVP - Acquisitions BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Jennie O'brien officer: SVP - Accounting & Controller BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Jessica Duran director BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Laura L. Felice director C/O BJ'S WHOLESALE CLUB, INC., 350 CAMPUS DRIVE, MARLBOROUGH MA 01752
Lessard Laurier J Jr officer: SVP - Asset Management BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Denise Brooks-williams director BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Andrea T. Wright officer: SVP, Property Management BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Kristen Duckles officer: SVP & Chief Admin. Officer BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604