Ichigo Office REIT Investment (TSE:8975) Cash-to-Debt : 0.06 (As of Oct. 2023)

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What is Ichigo Office REIT 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. Ichigo Office REIT Investment's cash to debt ratio for the quarter that ended in Oct. 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, Ichigo Office REIT Investment couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

TSE:8975' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.08 Max: 0.11
Current: 0.06

During the past 13 years, Ichigo Office REIT Investment's highest Cash to Debt Ratio was 0.11. The lowest was 0.06. And the median was 0.08.

TSE:8975's Cash-to-Debt is ranked worse than
57.3% of 801 companies
in the REITs industry
Industry Median: 0.08 vs TSE:8975: 0.06

Ichigo Office REIT Investment Cash-to-Debt Historical Data

The historical data trend for Ichigo Office REIT 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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Ichigo Office REIT Investment Cash-to-Debt Chart

Ichigo Office REIT Investment Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

Get a 7-Day Free Trial

0.09

0.11

0.09

0.08

0.06

Ichigo Office REIT Investment Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															0.09	0.10	0.08	0.10	0.06

Competitive Comparison of Ichigo Office REIT Investment's Cash-to-Debt

For the REIT - Office subindustry, Ichigo Office REIT 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.

Ichigo Office REIT Investment's Cash-to-Debt Distribution in the REITs Industry

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

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

Ichigo Office REIT 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.

Ichigo Office REIT Investment's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	6485.932	/	(7092	+	107815)
	=	0.06

Ichigo Office REIT Investment's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	6485.932	/	(7092	+	107815)
	=	0.06

Ichigo Office REIT Investment (TSE:8975) 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.

Ichigo Office REIT Investment Cash-to-Debt Related Terms

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Ichigo Office REIT Investment (TSE:8975) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ichigo Office REIT Investment Corp (TSE:8975) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-1 Uchisaiwai-cho, Chiyoda-ku, Tokyo, JPN, 100-0011

Website

http://www.ichigo-office.co.jp

Ichigo Office REIT Investment Corp is investment company operating in Japan. Its investment strategy is focused on mid-size offices which offer return stability and upside potential. The company seeks to drive higher earnings and sustainable growth for its shareholders by increasing the value of its assets through a wide array of value-add activities, including tailored tenant services, structural building improvements, and targeted tenant leasing. It provides stable cash flows, supporting stable dividends and upside for shareholders through rental income earned in mid-size offices.

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