Sustainable Real Estate Dividend Fund (TSX:MSRE.UN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Sustainable Real Estate Dividend Fund 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. Sustainable Real Estate Dividend Fund's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Sustainable Real Estate Dividend Fund could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

The historical rank and industry rank for Sustainable Real Estate Dividend Fund's Cash-to-Debt or its related term are showing as below:

TSX:MSRE.UN' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.79 Med: 5005.04 Max: No Debt
Current: 5.79

During the past 2 years, Sustainable Real Estate Dividend Fund's highest Cash to Debt Ratio was No Debt. The lowest was 5.79. And the median was 5005.04.

TSX:MSRE.UN's Cash-to-Debt is ranked worse than
50.17% of 1451 companies
in the Asset Management industry
Industry Median: 6.06 vs TSX:MSRE.UN: 5.79

Sustainable Real Estate Dividend Fund Cash-to-Debt Historical Data

The historical data trend for Sustainable Real Estate Dividend Fund'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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Sustainable Real Estate Dividend Fund Cash-to-Debt Chart

Sustainable Real Estate Dividend Fund Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

10.08

No Debt

Sustainable Real Estate Dividend Fund Semi-Annual Data
	Dec22	Jun23	Dec23
Cash-to-Debt	10.08	6.96	No Debt

Competitive Comparison of Sustainable Real Estate Dividend Fund's Cash-to-Debt

For the Asset Management subindustry, Sustainable Real Estate Dividend Fund'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.

Sustainable Real Estate Dividend Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sustainable Real Estate Dividend Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sustainable Real Estate Dividend Fund's Cash-to-Debt falls into.

Sustainable Real Estate Dividend Fund 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.

Sustainable Real Estate Dividend Fund's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Sustainable Real Estate Dividend Fund had no debt ⁽¹⁾.

Sustainable Real Estate Dividend Fund's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Sustainable Real Estate Dividend Fund had no debt ⁽¹⁾.

Sustainable Real Estate Dividend Fund (TSX:MSRE.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.

Sustainable Real Estate Dividend Fund Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Sustainable Real Estate Dividend Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Sustainable Real Estate Dividend Fund (TSX:MSRE.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sustainable Real Estate Dividend Fund (TSX:MSRE.UN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

First Canadian Place, 58th Floor, P.O. Box 192, Toronto, ON, CAN, M5X 1A6

Website

https://www.middlefield.com

Sustainable Real Estate Dividend Fund is a closed-ended investment trust. The investment objectives of the Sustainable Real Estate Dividend Fund are to provide holders of units with stable monthly cash distributions and enhanced long-term total return through capital appreciation of the Fund's investment portfolio.

Sustainable Real Estate Dividend Fund (TSX:MSRE.UN) Headlines

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Sustainable Real Estate Dividend Fund (TSX:MSRE.UN) Cash-to-Debt : No Debt (1) (As of Dec. 2023)