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Newmark Group Quick Ratio

: 1.06 (As of Jun. 2022)
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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. Newmark Group's quick ratio for the quarter that ended in Jun. 2022 was 1.06.

Newmark Group has a quick ratio of 1.06. It generally indicates good short-term financial strength.

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

NMRK' s Quick Ratio Range Over the Past 10 Years
Min: 0.97   Med: 1.06   Max: 1.32
Current: 1.06

During the past 7 years, Newmark Group's highest Quick Ratio was 1.32. The lowest was 0.97. And the median was 1.06.

NMRK's Quick Ratio is ranked better than
56.43% of 1788 companies
in the Real Estate industry
Industry Median: 0.90 vs NMRK: 1.06

Newmark Group Quick Ratio Historical Data

The historical data trend for Newmark Group'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.

Newmark Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Quick Ratio
Premium Member Only Premium Member Only 1.05 1.06 1.03 1.07 1.15

Newmark Group Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Quick Ratio 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 Premium Member Only Premium Member Only Premium Member Only 1.32 1.13 1.15 1.19 1.06

Competitive Comparison

For the Real Estate Services subindustry, Newmark Group'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.

   

Newmark Group Quick Ratio Distribution

For the Real Estate industry and Real Estate sector, Newmark Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Newmark Group's Quick Ratio falls into.



Newmark Group 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.

Newmark Group's Quick Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Quick Ratio (A: Dec. 2021 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2524.353-0)/2192.741
=1.15

Newmark Group's Quick Ratio for the quarter that ended in Jun. 2022 is calculated as

Quick Ratio (Q: Jun. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1800.174-0)/1692.465
=1.06

* 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.


Newmark Group  (NAS:NMRK) 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.


Newmark Group Quick Ratio Related Terms

Thank you for viewing the detailed overview of Newmark Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Newmark Group Business Description

Newmark Group logo
Traded in Other Exchanges
Address
125 Park Avenue, New York, NY, USA, 10017
Newmark Group Inc is a commercial real estate advisory firm. It offers services, including leasing and corporate advisory services, investment sales, commercial mortgage brokerage, appraisal and valuation, project management, and property, among others. Newmark offers a diverse array of integrated services and products designed to meet the full needs of both real estate investors/owners and occupiers. The company provides real estate strategic consulting and systems integration services to CFI's global clients including many Fortune 500 and Forbes Global 2000 companies, owner-occupiers, government agencies, healthcare and higher education clients.
Executives
Mcintyre Kenneth A Jr director C/O HUDSON CITY BANCORP, INC. WEST 80 CENTURY ROAD PARAMUS NJ 07652
Merkel Stephen M officer: EVP, Chief Legal Officer C/O BGC PARTNERS, INC. 499 PARK AVENUE NEW YORK NY 10022
Lutnick Howard W director, 10 percent owner, officer: Chairman
Cantor Fitzgerald, L. P. director, 10 percent owner 110 EAST 59TH STREET NEW YORK NY 10022
Cf Group Management Inc director, 10 percent owner 135 EAST 57TH ST NEW YORK NY 10022
Snow Michael director C/O GFI GROUP INC. 55 WATER STREET NEW YORK NY 10041
Bgc Partners, Inc. director, 10 percent owner 499 PARK AVENUE NEW YORK NY 10022
Bauer Virginia S director C/O NEWMARK GROUP, INC. 125 PARK AVENUE NEW YORK NY 10022
Cervinka Peter F director C/O NEWMARK GROUP, INC. 125 PARK AVENUE NEW YORK NY 10022
Gosin Barry M officer: Chief Executive Officer C/O ESPEED, INC. 110 EAST 59TH STREET NEW YORK NY 10022
Rispoli Michael J. officer: Chief Financial Officer C/O NNN 2003 VALUE FUND, LLC 1551 N. TUSTIN AVENUE, SUITE 200 SANTA ANA CA 92705
Dalton John H director 50 OLD WEBSTER ROAD OXFORD MA 01540
Ficarro James R director, officer: Chief Operating Officer C/O NEWMARK GROUP, INC. 125 PARK AVENUE NEW YORK NY 10017

Newmark Group Headlines

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