Comforia Residential REIT (TSE:3282) Cash-to-Debt : 0.06 (As of Jul. 2023)

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What is Comforia Residential 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. Comforia Residential REIT's cash to debt ratio for the quarter that ended in Jul. 2023 was 0.06.

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, Comforia Residential 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 Comforia Residential REIT's Cash-to-Debt or its related term are showing as below:

TSE:3282' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.06 Max: 0.09
Current: 0.06

During the past 11 years, Comforia Residential REIT's highest Cash to Debt Ratio was 0.09. The lowest was 0.04. And the median was 0.06.

TSE:3282's Cash-to-Debt is ranked worse than
57.43% of 801 companies
in the REITs industry
Industry Median: 0.09 vs TSE:3282: 0.06

Comforia Residential REIT Cash-to-Debt Historical Data

The historical data trend for Comforia Residential 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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Comforia Residential REIT Cash-to-Debt Chart

Comforia Residential REIT Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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0.08

0.09

0.08

0.07

0.06

Comforia Residential REIT Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.09	0.07	0.07	0.06	N/A

Competitive Comparison of Comforia Residential REIT's Cash-to-Debt

For the REIT - Residential subindustry, Comforia Residential 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.

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

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

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

Comforia Residential 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.

Comforia Residential 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)
	=	9181.404	/	(21780	+	142230)
	=	0.06

Comforia Residential 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)
	=	9181.404	/	(21780	+	142230)
	=	0.06

Comforia Residential REIT (TSE:3282) 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.

Comforia Residential REIT Cash-to-Debt Related Terms

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

Comforia Residential REIT (TSE:3282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Comforia Residential REIT Inc (TSE:3282) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1 Minami-Aoyama 1-chome, Minato-ku, Tokyo, JPN

Website

http://www.comforia-reit.co.jp

Comforia Residential REIT Inc is a Japan-based residential real estate investment trust. The company is engaged in investment in residential real estates for lease, real estate backed assets and general leasing properties. It offers leasing properties for singles and small families. The REIT invests in leasing properties located in Tokyo metropolitan and other residential properties in communities in other cities.

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