The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Orix Jreit's current ratio for the quarter that ended in Aug. 2023 was 1.14.
Orix Jreit has a current ratio of 1.14. It generally indicates good short-term financial strength.
The historical rank and industry rank for Orix Jreit's Current Ratio or its related term are showing as below:
TSE:8954'
s Current Ratio Range Over the Past 10 Years
Min: 0.95 Med: 1.2 Max: 1.83
Current: 1.14
During the past 13 years, Orix Jreit's highest Current Ratio was 1.83. The lowest was 0.95. And the median was 1.20.
TSE:8954's Current Ratio is ranked better than 53.21% of 716
companies
in the REITs industry
Industry Median: 1.02
vs TSE:8954: 1.14
Orix Jreit Current Ratio Historical Data
The historical data trend for Orix Jreit's Current 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 Orix Jreit's Current Ratio
For the REIT - Office subindustry, Orix Jreit's Current Ratio, along with its competitors' market caps and Current 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.
Orix Jreit's Current Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Orix Jreit's Current Ratio distribution charts can be found below:
* The bar in red indicates where Orix Jreit's Current Ratio falls into.
Orix Jreit Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Orix Jreit's Current Ratio for the fiscal year that ended in Aug. 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.
Orix Jreit (TSE:8954) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Orix Jreit Current Ratio Related Terms
Thank you for viewing the detailed overview of Orix Jreit's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Orix Jreit Inc is a real estate investment trust engaged in the acquisition, ownership, and leasing of properties throughout Japan. In terms of asset acquisition price, the majority of the company's real estate portfolio comprises office buildings. Retail facilities and residential properties together also make up a considerable percentage of this portfolio. Orix JREIT's real estate assets are mostly located in the Greater Tokyo area, with those in the Central Wards of Tokyo representing the largest geographic segment in terms of property acquisition price. The company derives nearly all of its income in the form of rental revenue from tenants. Finance and real estate, transportation, and retail companies are Orix JREIT's major customers.
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