National Storage REIT (ASX:NSR) Quick Ratio : 0.47 (As of Dec. 2023)

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What is National Storage REIT 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. National Storage REIT's quick ratio for the quarter that ended in Dec. 2023 was 0.47.

National Storage REIT has a quick ratio of 0.47. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for National Storage REIT's Quick Ratio or its related term are showing as below:

ASX:NSR' s Quick Ratio Range Over the Past 10 Years
Min: 0.2 Med: 0.7 Max: 2.73
Current: 0.47

During the past 10 years, National Storage REIT's highest Quick Ratio was 2.73. The lowest was 0.20. And the median was 0.70.

ASX:NSR's Quick Ratio is ranked worse than
69.55% of 716 companies
in the REITs industry
Industry Median: 0.92 vs ASX:NSR: 0.47

National Storage REIT Quick Ratio Historical Data

The historical data trend for National Storage REIT'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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National Storage REIT Quick Ratio Chart

National Storage REIT Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Quick Ratio

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2.73

1.66

1.16

0.85

0.66

National Storage REIT 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															0.29	0.85	0.20	0.66	0.47

Competitive Comparison of National Storage REIT's Quick Ratio

For the REIT - Industrial subindustry, National Storage REIT'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.

National Storage REIT's Quick Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, National Storage REIT's Quick Ratio distribution charts can be found below:

* The bar in red indicates where National Storage REIT's Quick Ratio falls into.

National Storage REIT 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.

National Storage REIT'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
	=	(98.128	-	2.107)	/	146.161
	=	0.66

National Storage REIT'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
	=	(71.071	-	1.794)	/	147.192
	=	0.47

National Storage REIT (ASX:NSR) 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.

National Storage REIT Quick Ratio Related Terms

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National Storage REIT (ASX:NSR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » National Storage REIT (ASX:NSR) » Definitions » Quick Ratio

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NTSGF:USA

Address

1 Eagle Street, Level 16, Brisbane, QLD, AUS, 4000

Website

https://www.nationalstorageinvest.com.au

National Storage REIT is the largest self-storage provider in Australia and New Zealand. Most of its properties are owned and operated, but it also has long-term leaseholds. Most NSR centres are in city fringe, suburban and regional areas. The industry is fragmented, mostly comprising single site owners, while the largest three players, NSR, privately owned Kennards, and the listed Abacus Storage King operate over a third of the market. NSR plans to continue acquiring and developing self-storage centres, consolidating the fragmented industry, as well generating organic growth via dynamic pricing and occupancy management. However, its large rivals are competing via similar strategies.