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. FRP Holdings's quick ratio for the quarter that ended in Dec. 2023 was 17.44.
FRP Holdings has a quick ratio of 17.44. It generally indicates good short-term financial strength.
The historical rank and industry rank for FRP Holdings's Quick Ratio or its related term are showing as below:
FRPH'
s Quick Ratio Range Over the Past 10 Years
Min: 0.33 Med: 21.72 Max: 52.24
Current: 17.44
During the past 13 years, FRP Holdings's highest Quick Ratio was 52.24. The lowest was 0.33. And the median was 21.72.
FRPH's Quick Ratio is ranked better than 96.94% of 1830
companies
in the Real Estate industry
Industry Median: 0.81
vs FRPH: 17.44
FRP Holdings Quick Ratio Historical Data
The historical data trend for FRP Holdings'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 FRP Holdings's Quick Ratio
For the Real Estate Services subindustry, FRP Holdings'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.
FRP Holdings's Quick Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, FRP Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where FRP Holdings's Quick Ratio falls into.
FRP Holdings 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.
FRP Holdings'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.
FRP Holdings (NAS:FRPH) 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.
FRP Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of FRP Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
FRP Holdings Inc is a holding company engaged in various real estate businesses. The company's business segments are Leasing and management of commercial properties owned by the company (the Asset Management Segment); Leasing and management of mining royalty land owned by the company (the Mining Royalty Lands Segment); real property acquisition, entitlement, development and construction for apartment, retail, warehouse, and office buildings either alone or through joint ventures (the Development Segment); ownership, leasing and management of buildings through joint ventures (the Stabilized Joint Venture Segment).
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