Market Cap : 1.61 B | Enterprise Value : 3.88 B | Price-to-FFO : 1388.89 | PB Ratio : 1.36 |
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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. Preferred Apartment Communities's quick ratio for the quarter that ended in Mar. 2022 was 3.37.
Preferred Apartment Communities has a quick ratio of 3.37. It generally indicates good short-term financial strength.
The historical rank and industry rank for Preferred Apartment Communities's Quick Ratio or its related term are showing as below:
During the past 12 years, Preferred Apartment Communities's highest Quick Ratio was 19.45. The lowest was 0.03. And the median was 3.79.
APTS's Quick Ratio is ranked better thanThe historical data trend for Preferred Apartment Communities'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.
For the REIT - Diversified subindustry, Preferred Apartment Communities'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, Preferred Apartment Communities's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Preferred Apartment Communities'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.
Preferred Apartment Communities'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 |
= | (352.692 | - | 0) | / | 139.348 | |
= | 2.53 |
Preferred Apartment Communities's Quick Ratio for the quarter that ended in Mar. 2022 is calculated as
Quick Ratio (Q: Mar. 2022 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (470.442 | - | 0) | / | 139.725 | |
= | 3.37 |
* 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.
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 Preferred Apartment Communities's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Sherman Jeffrey David | officer: PRESIDENT - MULTIFAMILY | 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327 |
Aide Michael | officer: PRESIDENT - RETAIL | 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327 |
Isakson John A | officer: CHIEF FINANCIAL OFFICER | 3284 NORTHSIDE PARKWAY, NW, SUITE 150 ATLANTA GA 30327 |
Sprain Jeffrey R | officer: EVP, GENERAL COUNSEL AND SEC. | 3284 NORTHSIDE PARKWAY, NW, SUITE 150 ATLANTA GA 30327 |
Jackson Daphne Bryson | director | 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327 |
Cannon John M | director | 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327 |
Dupree Parker Boone | officer: President - Office | 3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327 |
Finley Sara | director | ONE CVS DRIVE WOONSOCKET RI 02895 |
Wiens John M. | director | 3284 NORTHSIDE PARKWAY NW STE. 150 ATLANTA GA 30327 |
Murphy Joel T | director, officer: See Remarks | 2500 WINDY RIDGE PARKWAY SUITE 1600 ATLANTA GA 30339 |
Gresham William J Jr | director | 1010 RICHMOND HILL DRIVE MARIETTA GA 30068 |
Williams Opportunity Fund Llc | 10 percent owner | 3625 CUMBERLAND BLVD SUITE 400 ATLANTA GA 30339 |
Williams Realty Fund I Llc | 10 percent owner | 3625 CUMBERLAND BLVD STE 400 ATLANTA GA 30339 |
Dupree Daniel M | director | 2500 WINDY RIDGE PARKWAY SUITE 1600 ATLANTA GA 30339 |
Leseman William F | officer: See Remarks | 3625 CUMBERLAND BOULDEVARD SUITE 400 ATLANTA GA 30339 |
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