Tokaido REIT (TSE:2989) Cash-to-Debt : 0.04 (As of Jul. 2023)

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What is Tokaido REIT 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. Tokaido REIT's cash to debt ratio for the quarter that ended in Jul. 2023 was 0.04.

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, Tokaido REIT couldn't pay off its debt using the cash in hand for the quarter that ended in Jul. 2023.

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

TSE:2989' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.04 Max: 0.05
Current: 0.04

During the past 3 years, Tokaido REIT's highest Cash to Debt Ratio was 0.05. The lowest was 0.04. And the median was 0.04.

TSE:2989's Cash-to-Debt is ranked worse than
66.29% of 801 companies
in the REITs industry
Industry Median: 0.08 vs TSE:2989: 0.04

Tokaido REIT Cash-to-Debt Historical Data

The historical data trend for Tokaido REIT'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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Tokaido REIT Cash-to-Debt Chart

Tokaido REIT Annual Data

Trend

Jul21

Jan22

Jul23

Cash-to-Debt

0.04

0.05

0.04

Tokaido REIT Semi-Annual Data
	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial			0.05	0.05	0.05	0.04	N/A

Competitive Comparison of Tokaido REIT's Cash-to-Debt

For the REIT - Diversified subindustry, Tokaido REIT'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.

Tokaido REIT's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Tokaido REIT's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tokaido REIT's Cash-to-Debt falls into.

Tokaido REIT 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.

Tokaido REIT's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	943.046	/	(7300	+	16100)
	=	0.04

Tokaido REIT's Cash to Debt Ratio for the quarter that ended in Jul. 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)
	=	943.046	/	(7300	+	16100)
	=	0.04

Tokaido REIT (TSE:2989) 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.

Tokaido REIT Cash-to-Debt Related Terms

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Tokaido REIT (TSE:2989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tokaido REIT Inc (TSE:2989) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-14-3 Nagatacho, Chiyoda-ku, Tokyo, JPN, 100-0014

Website

Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.

Tokaido REIT (TSE:2989) Headlines

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