Arena REIT (ASX:ARF) Cash-to-Debt : 0.04 (As of Dec. 2023)

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What is Arena 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. Arena REIT's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.04.

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

ASX:ARF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.05 Max: 0.36
Current: 0.04

During the past 11 years, Arena REIT's highest Cash to Debt Ratio was 0.36. The lowest was 0.03. And the median was 0.05.

ASX:ARF's Cash-to-Debt is ranked worse than
66.38% of 803 companies
in the REITs industry
Industry Median: 0.08 vs ASX:ARF: 0.04

Arena REIT Cash-to-Debt Historical Data

The historical data trend for Arena 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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Arena REIT Cash-to-Debt Chart

Arena REIT Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.04

0.36

0.06

0.07

0.05

Arena REIT Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.10	0.07	0.05	0.05	0.04

Competitive Comparison of Arena REIT's Cash-to-Debt

For the REIT - Specialty subindustry, Arena 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.

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

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

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

Arena 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.

Arena REIT's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	16.113	/	(0.229	+	340.564)
	=	0.05

Arena 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)
	=	14.605	/	(0.236	+	354.677)
	=	0.04

Arena REIT (ASX:ARF) 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.

Arena REIT Cash-to-Debt Related Terms

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

Arena REIT (ASX:ARF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Arena REIT (ASX:ARF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Exhibition Street, Level 32, Melbourne, VIC, AUS, 3000

Website

https://www.arena.com.au

Arena REIT is a childcare centre-focused real estate investment trust, or REIT, in Australia. The trust owns a portfolio of more than 230 long day care centres in Australia which provide preschool care for children aged from 0 to 5 years. Arena also owns 10 healthcare centres but childcare comprises majority of its portfolio based on property value. The Australian childcare and healthcare sectors both receive a significant amount of government funding which they expect to continue due to the essential nature of the services they provide.

Arena REIT (ASX:ARF) Headlines

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