The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Gaming and Leisure Properties's Cash Ratio for the quarter that ended in Dec. 2023 was 1.79.
Gaming and Leisure Properties has a Cash Ratio of 1.79. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Gaming and Leisure Properties's Cash Ratio or its related term are showing as below:
GLPI'
s Cash Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.26 Max: 1.79
Current: 1.79
During the past 13 years, Gaming and Leisure Properties's highest Cash Ratio was 1.79. The lowest was 0.06. And the median was 0.26.
GLPI's Cash Ratio is ranked better than 81.33% of 707
companies
in the REITs industry
Industry Median: 0.42
vs GLPI: 1.79
Gaming and Leisure Properties Cash Ratio Historical Data
The historical data trend for Gaming and Leisure Properties's Cash 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.
* Premium members only.
Gaming and Leisure Properties Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Cash Ratio
0.07
1.18
1.54
0.57
1.79
Gaming and Leisure Properties Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Cash Ratio
0.57
0.02
0.02
0.20
1.79
Competitive Comparison
For the REIT - Specialty subindustry, Gaming and Leisure Properties'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.
Gaming and Leisure Properties Cash Ratio Distribution
For the REITs industry and Real Estate sector, Gaming and Leisure Properties's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Gaming and Leisure Properties's Cash Ratio falls into.
Gaming and Leisure Properties Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Gaming and Leisure Properties'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.
Gaming and Leisure Properties (NAS:GLPI) 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.
Gaming and Leisure Properties Cash Ratio Related Terms
Thank you for viewing the detailed overview of Gaming and Leisure Properties's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Gaming and Leisure Properties (Gaming and Leisure Properties) Business Description
Gaming and Leisure Properties Inc, or GLP, is a real estate investment property trust primarily involved in the leasing of gaming and related facilities to wholly-owned subsidiaries of Penn National Gaming, or Penn, throughout the U.S. GLP segments its operations into GLP Capital and TRS Properties divisions. The company derives the vast majority of its revenue from its GLP Capital unit in the form of rental income from dockside and land-based casinos located mostly in the American Midwest. Almost all of GLP Capital's leases are long-term agreements that give Penn the option for future extensions. Gaming revenue generated by TRS Properties, which encompasses the operations of Hollywood Casino Perryville and Hollywood Casino Baton Rouge, also represents a significant income stream for GLP.
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