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KBS Real Estate Investment Trust III (KBS Real Estate Investment Trust III) Quick Ratio : 4.47 (As of Dec. 2023)


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What is KBS Real Estate Investment Trust III Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. KBS Real Estate Investment Trust III's quick ratio for the quarter that ended in Dec. 2023 was 4.47.

KBS Real Estate Investment Trust III has a quick ratio of 4.47. It generally indicates good short-term financial strength.

The historical rank and industry rank for KBS Real Estate Investment Trust III's Quick Ratio or its related term are showing as below:

KBSR' s Quick Ratio Range Over the Past 10 Years
Min: 2.39   Med: 4.52   Max: 10.42
Current: 4.47

During the past 9 years, KBS Real Estate Investment Trust III's highest Quick Ratio was 10.42. The lowest was 2.39. And the median was 4.52.

KBSR's Quick Ratio is ranked better than
84.64% of 716 companies
in the REITs industry
Industry Median: 0.945 vs KBSR: 4.47

KBS Real Estate Investment Trust III Quick Ratio Historical Data

The historical data trend for KBS Real Estate Investment Trust III'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.

* Premium members only.

KBS Real Estate Investment Trust III Quick Ratio Chart

KBS Real Estate Investment Trust III Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only 4.56 3.95 5.20 4.65 4.47

KBS Real Estate Investment Trust III Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.65 4.54 4.83 4.14 4.47

Competitive Comparison of KBS Real Estate Investment Trust III's Quick Ratio

For the REIT - Office subindustry, KBS Real Estate Investment Trust III'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.


KBS Real Estate Investment Trust III's Quick Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, KBS Real Estate Investment Trust III's Quick Ratio distribution charts can be found below:

* The bar in red indicates where KBS Real Estate Investment Trust III's Quick Ratio falls into.



KBS Real Estate Investment Trust III 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.

KBS Real Estate Investment Trust III's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(299.718-0)/67.054
=4.47

KBS Real Estate Investment Trust III's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(299.718-0)/67.054
=4.47

* 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.


KBS Real Estate Investment Trust III  (OTCPK:KBSR) 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.


KBS Real Estate Investment Trust III Quick Ratio Related Terms

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KBS Real Estate Investment Trust III (KBS Real Estate Investment Trust III) Business Description

Traded in Other Exchanges
N/A
Address
800 Newport Center Drive, Suite 700, Newport Beach, CA, USA, 92660
KBS Real Estate Investment Trust III Inc is a real estate investment trust. The company invests in a diverse portfolio of real estate properties. It holds investments in office properties and mixed-use office/retail properties. The investment objective is to preserve and return stockholders capital contributions and to provide the stockholders with attractive and stable cash distributions.
Executives
Robert Milkovich director 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Marc Deluca director 7297 HIGHLAND ESTATES PLACE, FALLS CHURCH VA 22043
Ron D. Sturzenegger director 101 CALIFORNIA STREET, SUITE 1750, SAN FRANCISCO CA 94111
Jeffrey A. Dritley director C/O KBS REALTY ADVISORS, 800 NEWPORT CENTER DRIVE, SUITE 700, NEWPORT BEACH CA 92660
Jeff Waldvogel officer: Chief Financial Officer C/O KBS REALTY ADVISORS, 800 NEWPORT CENTER DRIVE, SUITE 700, NEWPORT BEACH CA 92660
Stuart A Gabriel director 155 N. LAKE AVENUE, PASADENA CA 91101
Peter Mcmillan director, officer: Executive Vice President
Barbara R Cambon director 17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Hank Adler director 6 HUTTON CENTRE DRIVE, SUITE 400, SANTA ANA CA 92707
David E Snyder officer: Chief Financial Officer 610 NEWPORT CENTER DRIVE, SUITE 1150, NEWPORT BEACH CA 92660
Schreiber Charles J Jr director, officer: Chief Executive Officer 620 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660
Peter M Bren officer: President 620 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660
Stacie K Yamane officer: Chief Accounting Officer 620 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660
Keith D Hall officer: Executive Vice President 620 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660

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