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. Mid-America Apartment Communities's quick ratio for the quarter that ended in Dec. 2023 was 0.05.
Mid-America Apartment Communities has a quick ratio of 0.05. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Mid-America Apartment Communities's Quick Ratio or its related term are showing as below:
MAA'
s Quick Ratio Range Over the Past 10 Years
Min: 0.05 Med: 0.13 Max: 0.27
Current: 0.05
During the past 13 years, Mid-America Apartment Communities's highest Quick Ratio was 0.27. The lowest was 0.05. And the median was 0.13.
MAA's Quick Ratio is ranked worse than 98.47% of 721
companies
in the REITs industry
Industry Median: 0.91
vs MAA: 0.05
Mid-America Apartment Communities Quick Ratio Historical Data
The historical data trend for Mid-America 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 - Residential subindustry, Mid-America 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.
Mid-America Apartment Communities Quick Ratio Distribution
For the REITs industry and Real Estate sector, Mid-America Apartment Communities's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Mid-America Apartment Communities's Quick Ratio falls into.
Mid-America Apartment Communities 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.
Mid-America Apartment Communities's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Mid-America Apartment Communities (NYSE:MAA) 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.
Mid-America Apartment Communities Quick Ratio Related Terms
Thank you for viewing the detailed overview of Mid-America Apartment Communities's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Mid-America Apartment Communities (Mid-America Apartment Communities) Business Description
Mid-America Apartment Communities Inc, or MAA, is a real estate investment trust engaged in the acquisition, operation, and development of multifamily apartment communities located in southeastern and southwestern United States. Company operates two reportable segments; Same Store includes communities that the Company has owned and have been stabilized for at least a full 12 months as of the first day of the calendar year and Non-Same Store and Other includes recently acquired communities, communities being developed or in lease-up, communities that have been disposed of or identified for disposition, communities that have experienced a significant casualty loss and stabilized communities that do not meet the requirements to be Same Store communities. Key revenue comes from the Same Store.
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