Nippon Hotel & Residential Investment (TSE:3472) Cash-to-Debt : 0.34 (As of May. 2023)

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What is Nippon Hotel & Residential Investment 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. Nippon Hotel & Residential Investment's cash to debt ratio for the quarter that ended in May. 2023 was 0.34.

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, Nippon Hotel & Residential Investment couldn't pay off its debt using the cash in hand for the quarter that ended in May. 2023.

The historical rank and industry rank for Nippon Hotel & Residential Investment's Cash-to-Debt or its related term are showing as below:

TSE:3472' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.17 Max: 0.34
Current: 0.34

During the past 7 years, Nippon Hotel & Residential Investment's highest Cash to Debt Ratio was 0.34. The lowest was 0.13. And the median was 0.17.

TSE:3472's Cash-to-Debt is ranked better than
71.41% of 801 companies
in the REITs industry
Industry Median: 0.08 vs TSE:3472: 0.34

Nippon Hotel & Residential Investment Cash-to-Debt Historical Data

The historical data trend for Nippon Hotel & Residential Investment'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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Nippon Hotel & Residential Investment Cash-to-Debt Chart

Nippon Hotel & Residential Investment Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Cash-to-Debt

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0.14

0.16

0.18

0.26

Nippon Hotel & Residential Investment Semi-Annual Data
	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23
Cash-to-Debt	Get a 7-Day Free Trial								0.17	0.18	0.18	0.26	0.34

Competitive Comparison of Nippon Hotel & Residential Investment's Cash-to-Debt

For the REIT - Hotel & Motel subindustry, Nippon Hotel & Residential Investment'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.

Nippon Hotel & Residential Investment's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Nippon Hotel & Residential Investment's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Nippon Hotel & Residential Investment's Cash-to-Debt falls into.

Nippon Hotel & Residential Investment 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.

Nippon Hotel & Residential Investment's Cash to Debt Ratio for the fiscal year that ended in Nov. 2022 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)
	=	2667.035	/	(10389.786	+	0)
	=	0.26

Nippon Hotel & Residential Investment's Cash to Debt Ratio for the quarter that ended in May. 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)
	=	3275.162	/	(9634.887	+	0)
	=	0.34

Nippon Hotel & Residential Investment (TSE:3472) 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.

Nippon Hotel & Residential Investment Cash-to-Debt Related Terms

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

Nippon Hotel & Residential Investment (TSE:3472) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nippon Hotel & Residential Investment Corp (TSE:3472) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-3-4 Nihonbashihoncho, Chuo-ku, Tokyo, JPN, 103-0023

Website

https://oom-reit.com

Ooedo Onsen Reit Investment Corp is a real estate investment trust externally managed by Ooedo Onsen Asset Management Co., Ltd. The firm invests in onsen and spa-related facilities, mainly facilities. The company principally invests in hot spring-related industries, such as hotels, hot spring facilities and theme parks.

Nippon Hotel & Residential Investment (TSE:3472) Headlines

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