Plymouth Industrial REIT has a Cash Ratio of 0.08. 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 Plymouth Industrial REIT's Cash Ratio or its related term are showing as below:
PLYM'
s Cash Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.13 Max: 5.21
Current: 0.08
During the past 13 years, Plymouth Industrial REIT's highest Cash Ratio was 5.21. The lowest was 0.04. And the median was 0.13.
PLYM's Cash Ratio is ranked worse than 80.91% of 702
companies
in the REITs industry
Industry Median: 0.415
vs PLYM: 0.08
Plymouth Industrial 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.
Competitive Comparison of Plymouth Industrial REIT's Cash Ratio
For the REIT - Industrial subindustry, Plymouth Industrial 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.
Plymouth Industrial REIT's Cash Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Plymouth Industrial REIT's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Plymouth Industrial REIT's Cash Ratio falls into.
Plymouth Industrial 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.
Plymouth Industrial REIT's Cash 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.
Plymouth Industrial REIT (NYSE:PLYM) 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.
Plymouth Industrial REIT Cash Ratio Related Terms
Thank you for viewing the detailed overview of Plymouth Industrial REIT's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Plymouth Industrial REIT (Plymouth Industrial REIT) Business Description
Plymouth Industrial REIT Inc is a full-service, vertically integrated, self-administered, and self-managed Maryland corporation. It is focused on the acquisition, ownership, and management of single and multi-tenant Class B industrial properties, including distribution centers, warehouses, and light industrial properties, located in secondary and primary markets across the United States. The company has one reportable segment, which is Industrial properties. The majority of its property portfolio is spread across Florida, Ohio, Indiana, Tennessee, Illinois and Georgia, among others. It receives income primarily from the rental revenue through its properties.
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