Spear REIT (JSE:SEA) Quick Ratio: 1.58 (As of Feb. 2026) — 888% Above Median


JSE:SEA Spear REIT Ltd JSE:SEA
63 GF Score
Price R13.28
GF Value R7.03
Valuation Significantly Overvalued
! 11 Warning Signs
View Full Analysis

What is Spear REIT Quick Ratio?

Spear REIT JSE:SEA -0.90% 63 Quick Ratio is 1.58 as of Feb. 2026, which is 888% above its 10-year median of 0.16. GuruFocus rates JSE:SEA with a GF Score™ of 63/100 and a GF Value™ of R7.03 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 761 REITs companies, Spear REIT ranks better than 67.81% on this metric.

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. Spear REIT's quick ratio for the quarter that ended in Feb. 2026 was 1.58.

Spear REIT has a quick ratio of 1.58. It generally indicates good short-term financial strength.

The historical rank and industry rank for Spear REIT's Quick Ratio or its related term are showing as below:

JSE:SEA' s Quick Ratio Range Over the Past 10 Years
Min: 0.08   Med: 0.16   Max: 1.58
Current: 1.58

During the past 10 years, Spear REIT's highest Quick Ratio was 1.58. The lowest was 0.08. And the median was 0.16.

JSE:SEA's Quick Ratio is ranked better than
67.81% of 761 companies
in the REITs industry
Industry Median: 0.88 vs JSE:SEA: 1.58

Spear REIT  (JSE:SEA) 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.


Spear REIT Quick Ratio Related Terms


Spear REIT Quick Ratio Historical Data

* Premium members only.

The historical data trend for Spear 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.

Spear REIT Quick Ratio Chart

Spear REIT Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.08 0.14 0.16 1.58

Spear REIT Semi-Annual Data
Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.14 0.16 0.16 2.13 1.58

JSE:SEA vs VICI, WPC: Quick Ratio Comparison

For the REIT - Diversified subindustry, Spear 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.


Spear REIT Quick Ratio vs REITs Industry

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

* The bar in red indicates where Spear REIT's Quick Ratio falls into.


JSE:SEA
63GF Score
Spear REIT Ltd JSE:SEA
Quick Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spear 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.

Spear REIT's Quick Ratio for the fiscal year that ended in Feb. 2026 is calculated as

Quick Ratio (A: Feb. 2026 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(510.361-105.64)/256.274
=1.58

Spear REIT's Quick Ratio for the quarter that ended in Feb. 2026 is calculated as

Quick Ratio (Q: Feb. 2026 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(510.361-105.64)/256.274
=1.58

* 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 1.58 mean?
Spear REIT (JSE:SEA) has a Quick Ratio of 1.58 as of Feb. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Spear REIT and its competitors. This is 888% above median its historical median of 0.16. Over the past decade, Spear REIT's Quick Ratio has ranged from 0.08 to 1.58. According to the industry distribution chart, Spear REIT ranks #245 out of 761 companies in the REITs industry, placing it in the top 32.2%.
Is Spear REIT's Quick Ratio too high?
Spear REIT's current Quick Ratio of 1.58 is 888% above median its 10-year median of 0.16. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 1.58. The REITs industry median Quick Ratio is 0.88. Spear REIT's value of 1.58 is 79.5% above this industry median. Based on the distribution chart, Spear REIT ranks #245 out of 761 companies in the REITs industry, which is above the industry midpoint. Overall, Spear REIT has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spear REIT's Quick Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Spear REIT ranks #245 out of 761 companies for Quick Ratio. This puts Spear REIT in the upper half of its industry. The industry median Quick Ratio is 0.88. Spear REIT's value of 1.58 is 79.5% above this benchmark. Historically, Spear REIT's own Quick Ratio has ranged from 0.08 to 1.58 over the past decade. While the company's 10-year median is 0.16 vs. the industry median of 0.88, Spear REIT 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 0.88, 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. Spear REIT's current Quick Ratio of 1.58 is 79.5% 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 Spear REIT and its competitors. For the REITs industry, the median Quick Ratio is 0.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spear REIT's current Quick Ratio is 1.58, which is 888% above median its own 10-year median of 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spear REIT stock overvalued right now?
Based on GuruFocus' analysis, Spear REIT (JSE:SEA) is currently considered Significantly Overvalued. The stock's GF Value™ is R7.03, compared to a current price of R13.28 — trading 88.9% above its estimated fair value. The current Quick Ratio is 1.58, which is 888% above median its 10-year median of 0.16 and 79.5% above the REITs industry median of 0.88. Spear REIT's overall GF Score™ is 63/100 with 11 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 Spear REIT (JSE:SEA), the current Quick Ratio is 1.58 as of Feb. 2026. 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 Spear REIT (JSE:SEA) Overvalued in 2026?

Based on GuruFocus' analysis, Spear REIT stock appears to be overvalued. The current stock price of R13.28 is trading 88.9% above its estimated GF Value™ of R7.03. GuruFocus considers Spear REIT to be Significantly Overvalued.

Key valuation signals for JSE:SEA:

  • Quick Ratio: 1.58 (888% above median its 10-year median of 0.16)
  • GF Value™: R7.03 vs. price of R13.28 (88.9% above fair value)
  • GF Score™: 63/100 with 11 warning signs
  • Industry Position: 79.5% above the REITs median (#245 of 761)

No single metric tells the full story. See the JSE:SEA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Spear REIT Business Description

Industry Real EstateREITs
Address 2 Long Street, PO Box 50, 16th Floor, Observatory, 7935, Cape Town, ZAF, 8001
Spear REIT Ltd is a real estate investment trust. The company has five segments Industrial, Commercial, Retail, Development, and Non-property. The company generates majority of revenue from Industrial segment. The industrial portfolio comprises a diverse range of multi-let industrial properties, warehouses, logistics parks, and urban logistics facilities. The company has presence in Cape.
63GF Score

Get the complete analysis for JSE:SEA

Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R13.28
Price
R7.03
GF Value