Broadstone Net Lease has a quick ratio of 2.06. It generally indicates good short-term financial strength.
The historical rank and industry rank for Broadstone Net Lease's Quick Ratio or its related term are showing as below:
BNL'
s Quick Ratio Range Over the Past 10 Years
Min: 0.23 Med: 0.89 Max: 3.29
Current: 2.06
During the past 9 years, Broadstone Net Lease's highest Quick Ratio was 3.29. The lowest was 0.23. And the median was 0.89.
BNL's Quick Ratio is ranked better than 81.56% of 716
companies
in the REITs industry
Industry Median: 0.94
vs BNL: 2.06
Broadstone Net Lease Quick Ratio Historical Data
The historical data trend for Broadstone Net Lease'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 Broadstone Net Lease's Quick Ratio
For the REIT - Diversified subindustry, Broadstone Net Lease'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.
Broadstone Net Lease's Quick Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Broadstone Net Lease's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Broadstone Net Lease's Quick Ratio falls into.
Broadstone Net Lease 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.
Broadstone Net Lease's Quick 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.
Broadstone Net Lease (NYSE:BNL) 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.
Broadstone Net Lease Quick Ratio Related Terms
Thank you for viewing the detailed overview of Broadstone Net Lease's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Broadstone Net Lease (Broadstone Net Lease) Business Description
Broadstone Net Lease Inc is an internally-managed real estate investment trust that invests in, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The company has selectively invested in net leased assets in the industrial, healthcare, restaurant, retail, and office property types. The company focuses on investing in real estate that is operated by creditworthy single tenants in industries characterized by positive business drivers and trends. The company targets properties that are an integral part of the tenants' businesses and are therefore opportunities to secure long-term net leases.
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