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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. Broadmark Realty Capital's quick ratio for the quarter that ended in Mar. 2023 was 57.34.
Broadmark Realty Capital has a quick ratio of 57.34. It generally indicates good short-term financial strength.
The historical rank and industry rank for Broadmark Realty Capital's Quick Ratio or its related term are showing as below:
During the past 6 years, Broadmark Realty Capital's highest Quick Ratio was 91.29. The lowest was 43.09. And the median was 57.34.
The historical data trend for Broadmark Realty Capital'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.
Broadmark Realty Capital Annual Data | |||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||
Quick Ratio | Get a 7-Day Free Trial | 85.33 | 43.86 | 80.34 | 60.20 | 52.45 |
Broadmark Realty Capital Quarterly Data | |||||||||||||||||||
Dec17 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Quick Ratio | Get a 7-Day Free Trial | 57.00 | 50.38 | 43.09 | 52.45 | 57.34 |
For the REIT - Mortgage subindustry, Broadmark Realty Capital'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, Broadmark Realty Capital's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Broadmark Realty Capital'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.
Broadmark Realty Capital's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Quick Ratio (A: Dec. 2022 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (951.689 | - | 0) | / | 18.143 | |
= | 52.45 |
Broadmark Realty Capital's Quick Ratio for the quarter that ended in Mar. 2023 is calculated as
Quick Ratio (Q: Mar. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (837.106 | - | 0) | / | 14.6 | |
= | 57.34 |
* 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.
Broadmark Realty Capital (NYSE:BRMK) 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 Broadmark Realty Capital's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Jonathan Ray Hermes | officer: Chief Financial Officer | 1420 FIFTH AVENUE, SUITE 2000, SEATTLE WA 98101 |
Brian Phillip Ward | director, officer: Chief Executive Officer | 1420 FIFTH AVENUE, SUITE 2000, SEATTLE WA 98101 |
Pinkie Dent Mayfield | director | 1420 FIFTH AVENUE, SUITE 2000, SEATTLE WA 98101 |
Daniel Hirsty | officer: Chief Credit Officer | BROADMARK REALTY CAPITAL INC., 1420 FIFTH AVENUE, SUITE 2000, SEATTLE WA 98101 |
Kevin M Luebbers | director | 850 RIDGE LAKE BLVD, STE 300, MEMPHIS TN 38120 |
Stephen G Haggerty | director | 71 SOUTH WACKER DRIVE, 12TH FLOOR, CHICAGO IL 60606 |
Nevin Singh Boparai | officer: Chief Legal Officer & Exec VP | 1420 FIFTH AVENUE, SUITE 2000, SEATTLE WA 98101 |
Daniel J. Hirsch | director | 748 DIAMOND STREET, SAN FRANCISCO CA 94114 |
Linda Koa | officer: Chief Operating Officer | BROADMARK REALTY CAPITAL INC., 1420 FIFTH AVENUE, SUITE 2000, SEATTLE WA 98101 |
David Schneider | officer: Chief Financial Officer | 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105 |
David A Karp | director | C/O EMPIRE STATE REALTY TRUST, INC., 111 WEST 33RD STREET, NEW YORK NY 10120 |
Norma J. Lawrence | director | C/O MARCUS & MILLICHAP, INC., 23975 PARK SORRENTO, SUITE 400, CALABASAS CA 91302 |
Jeffrey B. Pyatt | director, officer: Chief Executive Officer | BROADMARK REALTY CAPITAL INC., 1420 FIFTH AVENUE, SUITE 2000, SEATTLE WA 98101 |
Joseph L Schocken | director | 2800 UNION SQUARE, 600 UNIVERSITY STREET, SEATTLE WA 98101 |
Adam J. Fountain | officer: Executive Vice President | BROADMARK REALTY CAPITAL INC., 1420 FIFTH AVENUE, SUITE 2000, SEATTLE WA 98101 |
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