European Residential REIT (TSX:ERE.UN) Cash-to-Debt : 0.01 (As of Dec. 2023)

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What is European 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. European Residential REIT'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, European Residential REIT 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 European Residential REIT's Cash-to-Debt or its related term are showing as below:

TSX:ERE.UN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: No Debt
Current: 0.01

During the past 8 years, European Residential REIT's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.01.

TSX:ERE.UN's Cash-to-Debt is ranked worse than
89.25% of 800 companies
in the REITs industry
Industry Median: 0.08 vs TSX:ERE.UN: 0.01

European Residential REIT Cash-to-Debt Historical Data

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

European Residential REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

0.01

European Residential REIT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

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

For the REIT - Residential subindustry, European 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.

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

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

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

European 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.

European Residential REIT'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)
	=	10.085	/	(117.824	+	1334.22)
	=	0.01

European Residential REIT'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)
	=	10.085	/	(117.824	+	1334.22)
	=	0.01

European Residential REIT (TSX:ERE.UN) 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.

European Residential REIT Cash-to-Debt Related Terms

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

European Residential REIT (TSX:ERE.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » European Residential REIT (TSX:ERE.UN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EREUF:USA

Address

11 Church Street, Suite 401, Toronto, ON, CAN, M5E 1W1

Website

https://www.eresreit.com

European Residential REIT is an unincorporated, open-ended real estate investment trust. The company is focused on multi-residential real estate investment trust, with a current initial focus on investing in multi-residential real estate properties in Europe. The REIT owns and operates a portfolio of multi-residential properties, including apartments and townhomes, as well as commercial properties in Europe.

European Residential REIT (TSX:ERE.UN) Headlines

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