HomeCo Daily Needs REIT has a Cash Ratio of 0.14. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for HomeCo Daily Needs REIT's Cash Ratio or its related term are showing as below:
ASX:HDN'
s Cash Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.15 Max: 0.21
Current: 0.14
During the past 2 years, HomeCo Daily Needs REIT's highest Cash Ratio was 0.21. The lowest was 0.14. And the median was 0.15.
ASX:HDN's Cash Ratio is ranked worse than 70.92% of 705
companies
in the REITs industry
Industry Median: 0.41
vs ASX:HDN: 0.14
HomeCo Daily Needs REIT Cash Ratio Historical Data
* 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.
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HomeCo Daily Needs REIT Cash Ratio Chart
HomeCo Daily Needs REIT Annual Data
Trend
Jun22
Jun23
Cash Ratio
0.20
0.15
HomeCo Daily Needs REIT Semi-Annual Data
Dec21
Jun22
Dec22
Jun23
Dec23
Cash Ratio
0.14
0.20
0.21
0.15
0.14
Competitive Comparison of HomeCo Daily Needs REIT's Cash Ratio
For the REIT - Retail subindustry, HomeCo Daily Needs REIT's Cash Ratio, along with its competitors' market caps and Cash 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.
HomeCo Daily Needs REIT's Cash Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, HomeCo Daily Needs REIT's Cash Ratio distribution charts can be found below:
* The bar in red indicates where HomeCo Daily Needs REIT's Cash Ratio falls into.
HomeCo Daily Needs REIT Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
HomeCo Daily Needs REIT's Cash Ratio for the fiscal year that ended in Jun. 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.
HomeCo Daily Needs REIT (ASX:HDN) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
HomeCo Daily Needs REIT Cash Ratio Related Terms
Thank you for viewing the detailed overview of HomeCo Daily Needs REIT's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
HomeCo Daily Needs REIT (ASX:HDN) Business Description
HomeCo Daily Needs REIT, or HomeCo, is an externally managed property trust run by HMC Capital which also runs HealthCo Healthcare and Wellness REIT and unlisted funds. HomeCo targets 50% of assets in neighbourhood malls, 30% large-format, and 20% in health and services. After merging with Aventus Retail REIT in 2022, HomeCo is overweight large-format (just under half its portfolio) and underweight neighbourhood (one third of the portfolio), with health and services slightly below target. The plan is to move back to the target via redevelopment and tenant remixing, and potentially acquisitions. HomeCo seeks tenant leases before commencing developments, so we expect development opportunities will arise gradually, as population growth adds demand in HomeCo's catchments.
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