Charter Hall Group (ASX:CHC) Quick Ratio : 2.71 (As of Dec. 2023)

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What is Charter Hall Group 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. Charter Hall Group's quick ratio for the quarter that ended in Dec. 2023 was 2.71.

Charter Hall Group has a quick ratio of 2.71. It generally indicates good short-term financial strength.

The historical rank and industry rank for Charter Hall Group's Quick Ratio or its related term are showing as below:

ASX:CHC' s Quick Ratio Range Over the Past 10 Years
Min: 1.06 Med: 2.03 Max: 2.8
Current: 2.71

During the past 13 years, Charter Hall Group's highest Quick Ratio was 2.80. The lowest was 1.06. And the median was 2.03.

ASX:CHC's Quick Ratio is ranked better than
83.77% of 1830 companies
in the Real Estate industry
Industry Median: 0.81 vs ASX:CHC: 2.71

Charter Hall Group Quick Ratio Historical Data

The historical data trend for Charter Hall Group'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.

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Charter Hall Group Quick Ratio Chart

Charter Hall Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Quick Ratio

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1.99

1.54

2.57

2.43

2.25

Charter Hall Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Quick Ratio	Get a 7-Day Free Trial															1.86	2.43	2.44	2.25	2.71

Competitive Comparison of Charter Hall Group's Quick Ratio

For the Real Estate - Diversified subindustry, Charter Hall Group'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.

Charter Hall Group's Quick Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Charter Hall Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Charter Hall Group's Quick Ratio falls into.

Charter Hall Group 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.

Charter Hall Group's Quick Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Quick Ratio (A: Jun. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(594.7	-	0)	/	264.7
	=	2.25

Charter Hall Group'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
	=	(604.3	-	0)	/	222.7
	=	2.71

Charter Hall Group (ASX:CHC) 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.

Charter Hall Group Quick Ratio Related Terms

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Charter Hall Group (ASX:CHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Charter Hall Group (ASX:CHC) » Definitions » Quick Ratio

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CTOUF:USA

Address

No.1 Martin Place, Level 20, Sydney, NSW, AUS, 2000

Website

https://www.charterhall.com.au

Charter Hall Group's main activity is managing property funds for retail and institutional investors, and listed REITs such as Charter Hall Retail REIT, Charter Hall Social Infrastructure REIT, and Charter Hall Long WALE REIT. More than two thirds of earnings come from funds management and we expect this proportion to increase over time. Strong returns generated substantial performance fees over the last five years, which we expect to moderate due to lower property market returns in future, however regular base fees and intermittent performance fees should continue. Charter Hall co-invests in its funds, so a portion of its earnings come from rent, as well as development fees and development profits on projects that it manages.

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