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. Simon Property Group's quick ratio for the quarter that ended in Dec. 2023 was 1.04.
Simon Property Group has a quick ratio of 1.04. It generally indicates good short-term financial strength.
The historical rank and industry rank for Simon Property Group's Quick Ratio or its related term are showing as below:
SPG'
s Quick Ratio Range Over the Past 10 Years
Min: 0.47 Med: 0.61 Max: 1.04
Current: 1.04
During the past 13 years, Simon Property Group's highest Quick Ratio was 1.04. The lowest was 0.47. And the median was 0.61.
SPG's Quick Ratio is ranked better than 54.23% of 721
companies
in the REITs industry
Industry Median: 0.91
vs SPG: 1.04
Simon Property Group Quick Ratio Historical Data
The historical data trend for Simon Property 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.
For the REIT - Retail subindustry, Simon Property 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.
Simon Property Group Quick Ratio Distribution
For the REITs industry and Real Estate sector, Simon Property Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Simon Property Group's Quick Ratio falls into.
Simon Property 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.
Simon Property Group'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.
Simon Property Group (NYSE:SPG) 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.
Simon Property Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Simon Property Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Simon Property Group (Simon Property Group) Business Description
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $693 in sales per square foot over the 12 months prior to the pandemic. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries.
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