New Zealand Rural Land Co (NZSE:NZL) Cash-to-Debt : 0.01 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is New Zealand Rural Land Co 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. New Zealand Rural Land Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.01.

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, New Zealand Rural Land Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for New Zealand Rural Land Co's Cash-to-Debt or its related term are showing as below:

NZSE:NZL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.01
Current: 0.01

During the past 2 years, New Zealand Rural Land Co's highest Cash to Debt Ratio was 0.01. The lowest was 0.01. And the median was 0.01.

NZSE:NZL's Cash-to-Debt is ranked worse than
95.54% of 1795 companies
in the Real Estate industry
Industry Median: 0.26 vs NZSE:NZL: 0.01

New Zealand Rural Land Co Cash-to-Debt Historical Data

The historical data trend for New Zealand Rural Land Co'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.

* Premium members only.

New Zealand Rural Land Co Cash-to-Debt Chart

New Zealand Rural Land Co Annual Data

Trend

Jun22

Dec23

Cash-to-Debt

0.01

New Zealand Rural Land Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	0.03	0.01	0.02	-	0.01

Competitive Comparison of New Zealand Rural Land Co's Cash-to-Debt

For the Real Estate Services subindustry, New Zealand Rural Land Co'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.

New Zealand Rural Land Co's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, New Zealand Rural Land Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where New Zealand Rural Land Co's Cash-to-Debt falls into.

New Zealand Rural Land Co 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.

New Zealand Rural Land Co's Cash to Debt Ratio for the fiscal year 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)
	=	1.355	/	(44.665	+	111.984)
	=	0.01

New Zealand Rural Land Co'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)
	=	1.355	/	(44.665	+	111.984)
	=	0.01

New Zealand Rural Land Co (NZSE:NZL) 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.

New Zealand Rural Land Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of New Zealand Rural Land Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

New Zealand Rural Land Co (NZSE:NZL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New Zealand Rural Land Co Ltd (NZSE:NZL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

8UK:Germany

Address

c/o Duncan Cotterill, Level 2, Chartered Accountants, 50 Customhouse Quay, Wellington, NZL, 6011

Website

https://www.nzrlc.co.nz

New Zealand Rural Land Co Ltd operates as a real estate company that offers investors exposure to rural land as an asset class without direct involvement in agricultural operations. Its principal activity is an investment in New Zealand's rural farmland. The company seeks an opportunity to focus on dairyland, due to a combination of recent legislative and bank lending changes.

New Zealand Rural Land Co (NZSE:NZL) Headlines

No Headlines