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Asset PlusNZSE:APL -1.76%43 Quick Ratio is 4.26 as of Mar. 2026, which is 30% below its 10-year median of 6.07. GuruFocus rates NZSE:APL with a GF Score™ of 43/100 and a GF Value™ of NZ$0.23 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 755 REITs companies, Asset Plus ranks better than 86.49% 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. Asset Plus's quick ratio for the quarter that ended in Mar. 2026 was 4.26.
Asset Plus has a quick ratio of 4.26. It generally indicates good short-term financial strength.
The historical rank and industry rank for Asset Plus's Quick Ratio or its related term are showing as below:
NZSE:APL'
s Quick Ratio Range Over the Past 10 Years
Min: 0.57 Med: 6.07 Max: 23.07
Current: 4.26
During the past 13 years, Asset Plus's highest Quick Ratio was 23.07. The lowest was 0.57. And the median was 6.07.
NZSE:APL's Quick Ratio is ranked better than 86.49% of 755
companies
in the REITs industry
Industry Median: 0.87
vs NZSE:APL: 4.26
Asset Plus (NZSE:APL) 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.
Asset Plus Quick Ratio Related Terms
Asset Plus Quick Ratio Historical Data
* Premium members only.
The historical data trend for Asset Plus'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.
NZSE:APL vs VICI, WPC, BNL: Quick Ratio Comparison
For the REIT - Diversified subindustry, Asset Plus'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.
Asset Plus Quick Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Asset Plus's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Asset Plus's Quick Ratio falls into.
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.
Asset Plus's Quick Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
Asset Plus (NZSE:APL) has a Quick Ratio of 4.26 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Asset Plus and its competitors. This is 30% below median its historical median of 6.07. Over the past decade, Asset Plus' Quick Ratio has ranged from 0.57 to 23.07. According to the industry distribution chart, Asset Plus ranks #102 out of 755 companies in the REITs industry, placing it in the top 13.5%.
Is Asset Plus' Quick Ratio too high?
Asset Plus' current Quick Ratio of 4.26 is 30% below median its 10-year median of 6.07. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 23.07. The REITs industry median Quick Ratio is 0.87. Asset Plus' value of 4.26 is 389.7% above this industry median. Based on the distribution chart, Asset Plus ranks #102 out of 755 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Asset Plus has a GF Score™ of 43/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asset Plus' Quick Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Asset Plus ranks #102 out of 755 companies for Quick Ratio. This places Asset Plus in the top 14% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 0.87. Asset Plus' value of 4.26 is 389.7% above this benchmark. Historically, Asset Plus' own Quick Ratio has ranged from 0.57 to 23.07 over the past decade. While the company's 10-year median is 6.07 vs. the industry median of 0.87, Asset Plus 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 755 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. Asset Plus's current Quick Ratio of 4.26 is 389.7% 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 Asset Plus 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. Asset Plus's current Quick Ratio is 4.26, which is 30% below median its own 10-year median of 6.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Plus stock overvalued right now?
Based on GuruFocus' analysis, Asset Plus (NZSE:APL) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$0.23, compared to a current price of NZ$0.17 — trading 27.4% below its estimated fair value. The current Quick Ratio is 4.26, which is 30% below median its 10-year median of 6.07 and 389.7% above the REITs industry median of 0.87. Asset Plus' overall GF Score™ is 43/100 with 2 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 Asset Plus (NZSE:APL), the current Quick Ratio is 4.26 as of Mar. 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 Asset Plus (NZSE:APL) Overvalued in 2026?
Based on GuruFocus' analysis, Asset Plus stock appears to be undervalued.
The current stock price of NZ$0.17 is trading 27.4% below its estimated GF Value™ of NZ$0.23.
GuruFocus considers Asset Plus to be Modestly Undervalued.
Key valuation signals for NZSE:APL:
Quick Ratio: 4.26 (30% below median its 10-year median of 6.07)
GF Value™: NZ$0.23 vs. price of NZ$0.17 (27.4% below fair value)
Industry Position: 389.7% above the REITs median (#102 of 755)
No single metric tells the full story. See the NZSE:APL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asset Plus Ltd is a commercial property investment company. Its principal activities include investing in commercial property in New Zealand. The company's investment portfolio consists of office properties in New Zealand including the Munroe Lane property, and the 35 Graham Street property which is currently held for sale.
43GF Score
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