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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. Campus Crest Communities's quick ratio for the quarter that ended in Sep. 2015 was 0.08.
Campus Crest Communities has a quick ratio of 0.08. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Campus Crest Communities's Quick Ratio or its related term are showing as below:
During the past 7 years, Campus Crest Communities's highest Quick Ratio was 0.96. The lowest was 0.06. And the median was 0.20.
The historical data trend for Campus Crest 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.
Campus Crest Communities Annual Data | ||||||||||||||||
Trend | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | |||||||||
Quick Ratio | Get a 7-Day Free Trial | 0.85 | 0.13 | 0.10 | 0.25 | 0.06 |
Campus Crest Communities Quarterly Data | ||||||||||||||||||||
Dec10 | Mar11 | Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | |
Quick Ratio | Get a 7-Day Free Trial | 0.07 | 0.06 | 0.11 | 0.09 | 0.08 |
For the REIT - Diversified subindustry, Campus Crest 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, Campus Crest Communities's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Campus Crest 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.
Campus Crest Communities's Quick Ratio for the fiscal year that ended in Dec. 2014 is calculated as
Quick Ratio (A: Dec. 2014 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (22.256 | - | 0) | / | 371.562 | |
= | 0.06 |
Campus Crest Communities's Quick Ratio for the quarter that ended in Sep. 2015 is calculated as
Quick Ratio (Q: Sep. 2015 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (31.206 | - | 0) | / | 405.281 | |
= | 0.08 |
* 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.
Campus Crest Communities (NYSE:CCGPRA.PFD) 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 Campus Crest Communities's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Curtis B Mcwilliams | director | 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801 |
Raymond C Mikulich | director | 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211 |
Randall H Brown | director | 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211 |
David James Coles | officer: Interim CEO | 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211 |
John Makuch | officer: Interim CFO | 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211 |
Angel Herrera | officer: Executive Vice President | 6613 RIVERHILL DRIVE, PLANO TX 75024 |
Aaron Scott Halfacre | officer: Executive Vice President | 2100 REXFORD ROAD, SUITE 300, CHARLOTTE NC 28211 |
Denis Mcglynn | director | POST OFFICE BOX 843, DOVER DE 19903 |
William G Popeo | director | 709 PHEASANT RUN, KENNETT SQUARE PA 19348 |
Michael S Hartnett | officer: Vice President | 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211 |
James W Mccaughan | director | 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211 |
Daniel L Simmons | director | 1440 HIGHWAY A1A, VERO BEACH FL 32963 |
Richard S Kahlbaugh | director | 25330 MARSH LANDING PARKWAY, PONTE VEDRA FL 32082 |
Lauro A Gonzalez-moreno | director | 2128 N. SHADOW CREEK DR., AGOURA CA 91301 |
N Anthony Coles | director | MORRIS CORP. CENTER I; BLDG. B; 4TH FLR., 300 INTERPACE PARKWAY, PARSIPPANY NJ 07054 |
From GuruFocus
By Dividend Dividend • 03-23-2012
By Vera Yuan Vera Yuan • 06-20-2014
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