FRA:NJK's Quick Ratio is ranked better than 91.59% of 761
companies
in the REITs industry
Industry Median: 0.87
vs FRA:NJK: 6.85
Goodman New Zealand and Goodman Property Services (FRA:NJK) 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.
Goodman New Zealand and Goodman Property Services Quick Ratio Related Terms
Goodman New Zealand and Goodman Property Services Quick Ratio Historical Data
* 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.
Goodman New Zealand and Goodman Property Services Quick Ratio Chart
Goodman New Zealand and Goodman Property Services Annual Data
* 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.
Goodman New Zealand and Goodman Property Services Quick Ratio vs REITs Industry
Goodman New Zealand and Goodman Property Services 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.
* 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.
Goodman New Zealand and Goodman Property Services (FRA:NJK) has a Quick Ratio of 6.85 as of Sep. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Goodman New Zealand and Goodman Property Services and its competitors. This is 778% above median its historical median of 0.78. Over the past decade, Goodman New Zealand and Goodman Property Services' Quick Ratio has ranged from 0.07 to 6.85. According to the industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #64 out of 761 companies in the REITs industry, placing it in the top 8.4%.
Is Goodman New Zealand and Goodman Property Services' Quick Ratio too high?
Goodman New Zealand and Goodman Property Services' current Quick Ratio of 6.85 is 778% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 6.85. The REITs industry median Quick Ratio is 0.87. Goodman New Zealand and Goodman Property Services' value of 6.85 is 687.4% above this industry median. Based on the distribution chart, Goodman New Zealand and Goodman Property Services ranks #64 out of 761 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Goodman New Zealand and Goodman Property Services has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Goodman New Zealand and Goodman Property Services' Quick Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #64 out of 761 companies for Quick Ratio. This places Goodman New Zealand and Goodman Property Services in the top 8% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 0.87. Goodman New Zealand and Goodman Property Services' value of 6.85 is 687.4% above this benchmark. Historically, Goodman New Zealand and Goodman Property Services' own Quick Ratio has ranged from 0.07 to 6.85 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 0.87, Goodman New Zealand and Goodman Property Services has consistently been above the industry average. 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 761 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. Goodman New Zealand and Goodman Property Services's current Quick Ratio of 6.85 is 687.4% 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 Goodman New Zealand and Goodman Property Services 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. Goodman New Zealand and Goodman Property Services's current Quick Ratio is 6.85, which is 778% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goodman New Zealand and Goodman Property Services stock overvalued right now?
Based on GuruFocus' analysis, Goodman New Zealand and Goodman Property Services (FRA:NJK) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.74, compared to a current price of €1.00 — trading 35.1% above its estimated fair value. The current Quick Ratio is 6.85, which is 778% above median its 10-year median of 0.78 and 687.4% above the REITs industry median of 0.87. Goodman New Zealand and Goodman Property Services' overall GF Score™ is 31/100 with 7 warning signs to review. 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 Goodman New Zealand and Goodman Property Services (FRA:NJK), the current Quick Ratio is 6.85 as of Sep. 2025. 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.
Is Goodman New Zealand and Goodman Property Services (FRA:NJK) Overvalued in 2026?
Based on GuruFocus' analysis, Goodman New Zealand and Goodman Property Services stock appears to be overvalued.
The current stock price of €1.00 is trading 35.1% above its estimated GF Value™ of €0.74.
GuruFocus considers Goodman New Zealand and Goodman Property Services to be Significantly Overvalued.
Key valuation signals for FRA:NJK:
Quick Ratio: 6.85 (778% above median its 10-year median of 0.78)
GF Value™: €0.74 vs. price of €1.00 (35.1% above fair value)
Industry Position: 687.4% above the REITs median (#64 of 761)
No single metric tells the full story. See the FRA:NJK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Goodman New Zealand and Goodman Property Services Business Description
Goodman New Zealand Ltd and Goodman Property Services Ltd, formerly known as Goodman Property Trust, is one of New Zealand's property trusts, with a portfolio composed of industrial estates, businesses, and a development bank. After selling its Christchurch assets, Goodman is 100% Auckland-centric. The focus over the next few years will be on selling lower-quality assets and redeploying capital to industrial property in strategically important locations. The investment is premised on management's view that industrial assets in premium locations will generate superior long-term returns from lower average vacancy and higher rent growth.
31GF Score
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