Spirit Realty Capital has a quick ratio of 1.08. It generally indicates good short-term financial strength.
The historical rank and industry rank for Spirit Realty Capital's Quick Ratio or its related term are showing as below:
SRC'
s Quick Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.81 Max: 2.93
Current: 1.08
During the past 13 years, Spirit Realty Capital's highest Quick Ratio was 2.93. The lowest was 0.04. And the median was 0.81.
SRC's Quick Ratio is not ranked
in the REITs industry.
Industry Median: 0.92
vs SRC: 1.08
Spirit Realty Capital Quick Ratio Historical Data
The historical data trend for Spirit 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.
Competitive Comparison of Spirit Realty Capital's Quick Ratio
For the REIT - Diversified subindustry, Spirit 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.
Spirit Realty Capital's Quick Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Spirit Realty Capital's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Spirit Realty Capital's Quick Ratio falls into.
Spirit Realty Capital 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.
Spirit Realty Capital's Quick Ratio for the fiscal year that ended in Dec. 2022 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.
Spirit Realty Capital (NYSE:SRC) 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.
Spirit Realty Capital Quick Ratio Related Terms
Thank you for viewing the detailed overview of Spirit Realty Capital's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Spirit Realty Capital (Spirit Realty Capital) Business Description
Spirit Realty Capital Inc is a real estate investment trust primarily involved in leasing properties throughout the U.S. Spirit Realty's core business is acquiring real estate through sale-leaseback transactions in which a tenant will sell their property to Spirit and then lease that same property back from Spirit through a prearranged, long-term agreement. Spirit generates nearly all of its revenue in the form of rental income derived from leasing assets in its real estate portfolio. The vast majority of this portfolio is composed of retail properties. General merchandise companies, casual dining chains, and quick service restaurant chains represent significant amounts of Spirit's rental income. The company's real estate assets are fairly evenly distributed throughout the U.S.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SRC has been successfully added to your 