DRI Healthcare Trust (TSX:DHT.U) Cash-to-Debt : 0.28 (As of Mar. 2024)

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What is DRI Healthcare Trust Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. DRI Healthcare Trust's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.28.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, DRI Healthcare Trust couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for DRI Healthcare Trust's Cash-to-Debt or its related term are showing as below:

TSX:DHT.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.43 Max: 1.95
Current: 0.28

During the past 3 years, DRI Healthcare Trust's highest Cash to Debt Ratio was 1.95. The lowest was 0.05. And the median was 0.43.

TSX:DHT.U's Cash-to-Debt is ranked worse than
71.44% of 1047 companies
in the Drug Manufacturers industry
Industry Median: 0.93 vs TSX:DHT.U: 0.28

DRI Healthcare Trust Cash-to-Debt Historical Data

The historical data trend for DRI Healthcare Trust's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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DRI Healthcare Trust Cash-to-Debt Chart

DRI Healthcare Trust Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

1.41

0.15

0.43

DRI Healthcare Trust Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial								0.05	0.75	0.19	0.43	0.28

Competitive Comparison of DRI Healthcare Trust's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, DRI Healthcare Trust's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

DRI Healthcare Trust's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, DRI Healthcare Trust's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where DRI Healthcare Trust's Cash-to-Debt falls into.

DRI Healthcare Trust Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

DRI Healthcare Trust's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	62.835	/	(0	+	145.478)
	=	0.43

DRI Healthcare Trust's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	66.562	/	(0	+	236.974)
	=	0.28

DRI Healthcare Trust (TSX:DHT.U) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

DRI Healthcare Trust Cash-to-Debt Related Terms

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DRI Healthcare Trust (TSX:DHT.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » DRI Healthcare Trust (TSX:DHT.U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DHTRF:USA DHT.UN:Canada

Address

100 King Street West, 1 First Canadian Place, Suite 7250, Toronto, ON, CAN, M5X 1B1

Website

https://www.dricapital.com

DRI Healthcare Trust is a pioneer in global pharmaceutical royalty monetization with a more than 30-year history of accelerating innovation by providing capital to inventors, academic institutions, and biopharma companies. In return for providing capital to biopharmaceutical innovators, the company is building a diversified portfolio of interests in medicines that have a demonstrable positive impact on the world.

DRI Healthcare Trust (TSX:DHT.U) Headlines

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