Australian Unity Office Fund (ASX:AOF) Cash-to-Debt : 0.84 (As of Dec. 2023)

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What is Australian Unity Office Fund 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. Australian Unity Office Fund's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.84.

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, Australian Unity Office Fund couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

The historical rank and industry rank for Australian Unity Office Fund's Cash-to-Debt or its related term are showing as below:

ASX:AOF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: No Debt
Current: 0.84

During the past 8 years, Australian Unity Office Fund's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.04.

ASX:AOF's Cash-to-Debt is ranked better than
76.4% of 801 companies
in the REITs industry
Industry Median: 0.08 vs ASX:AOF: 0.84

Australian Unity Office Fund Cash-to-Debt Historical Data

The historical data trend for Australian Unity Office Fund'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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Australian Unity Office Fund Cash-to-Debt Chart

Australian Unity Office Fund Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.04

0.03

0.05

0.02

No Debt

Australian Unity Office Fund Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											0.07	0.02	0.08	No Debt	0.84

Competitive Comparison of Australian Unity Office Fund's Cash-to-Debt

For the REIT - Office subindustry, Australian Unity Office Fund'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.

Australian Unity Office Fund's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Australian Unity Office Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Australian Unity Office Fund's Cash-to-Debt falls into.

Australian Unity Office Fund Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities 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.

Australian Unity Office Fund's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Australian Unity Office Fund had no debt ⁽¹⁾.

Australian Unity Office Fund's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4.179	/	(0	+	5)
	=	0.84

Australian Unity Office Fund (ASX:AOF) 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.

Australian Unity Office Fund Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Australian Unity Office Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Australian Unity Office Fund (ASX:AOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Australian Unity Office Fund (ASX:AOF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

271 Spring Street, Level 15, Melbourne, VIC, AUS, 3000

Website

https://www.australianunityofficefund.com.au

Australian Unity Office Fund is a REIT engaged in owning and managing a diversified portfolio of nine office properties located across Australian metropolitan and CBD markets in Sydney, Adelaide, Melbourne, Brisbane, and Canberra. Its only operating segment is an investment in office properties. Geographically, it operates only in Australia. It generates revenue from rental income.

Australian Unity Office Fund (ASX:AOF) Headlines

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