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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. Rexford Industrial Realty's quick ratio for the quarter that ended in Sep. 2024 was 0.79.
Rexford Industrial Realty has a quick ratio of 0.79. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Rexford Industrial Realty's Quick Ratio or its related term are showing as below:
During the past 13 years, Rexford Industrial Realty's highest Quick Ratio was 3.73. The lowest was 0.46. And the median was 0.97.
The historical data trend for Rexford Industrial Realty'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.
Rexford Industrial Realty Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Quick Ratio | Get a 7-Day Free Trial | 1.42 | 2.02 | 0.74 | 0.56 | 0.73 |
Rexford Industrial Realty 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 | 0.62 | 0.73 | 1.39 | 0.92 | 0.79 |
For the REIT - Industrial subindustry, Rexford Industrial Realty'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.
For the REITs industry and Real Estate sector, Rexford Industrial Realty's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Rexford Industrial Realty'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.
Rexford Industrial Realty'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 |
= | (299.172 | - | 0) | / | 412.449 | |
= | 0.73 |
Rexford Industrial Realty'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 |
= | (353.917 | - | 0) | / | 449.573 | |
= | 0.79 |
* 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.
Rexford Industrial Realty (NYSE:REXR) 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.
Thank you for viewing the detailed overview of Rexford Industrial Realty's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Laura E Clark | officer: Chief Financial Officer | 11620 WILSHIRE BOULEVARD, SUITE 1000, LOS ANGELES CA 90025 |
Howard Schwimmer | director, officer: Co-CEO, Co-President | 11620 WILSHIRE BOULEVARD, SUITE 300, LOS ANGELES CA 90025 |
David E. Lanzer | officer: General Counsel | 11620 WILSHIRE BLVD, SUITE 1000, LOS ANGELES CA 90025 |
Angela L. Kleiman | director | 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403 |
Michael S. Frankel | director, officer: Co-CEO | 11620 WILSHIRE BOULEVARD, SUITE 300, LOS ANGELES CA 90025 |
Debra L Morris | director | 11620 WILSHIRE BOULEVARD, SUITE 1000, LOS ANGELES CA 90025 |
Richard S Ziman | director | C/O AVP ADVISORS INC., 10940 WILSHIRE BLVD., STE. 1950, LOS ANGELES CA 90024 |
Adeel Khan | officer: Chief Financial Officer | 11620 WILSHIRE BOULEVARD, SUITE 300, LOS ANGELES CA 90025 |
Steven C Good | director | 11755 WILSHIRE BOULEVARD, SUITE 1700, LOS ANGELES CA 90025 |
Diana J Ingram | director | 11620 WILSHIRE BOULEVARD, SUITE 1000, LOS ANGELES CA 90025 |
Tyler H Rose | director | 12200 W OLYMPIC BLVD, SUITE 200, LOS ANGELES CA 90064 |
Peter E Schwab | director | C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405 |
Jonathan Abrams | officer: General Counsel | 355 SOUTH GRAND AVENUE, SUITE 3300, LOS ANGELES CA 90071 |
Joel S Marcus | director | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101 |
Leslie E Bider | director | 1299 OCEAN AVENUE, SUITE 1000, SANTA MONICA CA 90401 |
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