Wharf Real Estate Investment Co (HKSE:01997) Cash-to-Debt : 0.03 (As of Dec. 2023)

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What is Wharf Real Estate Investment Co 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. Wharf Real Estate Investment Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.03.

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, Wharf Real Estate Investment Co 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 Wharf Real Estate Investment Co's Cash-to-Debt or its related term are showing as below:

HKSE:01997' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.06 Max: 0.17
Current: 0.03

During the past 10 years, Wharf Real Estate Investment Co's highest Cash to Debt Ratio was 0.17. The lowest was 0.03. And the median was 0.06.

HKSE:01997's Cash-to-Debt is ranked worse than
87.74% of 1795 companies
in the Real Estate industry
Industry Median: 0.26 vs HKSE:01997: 0.03

Wharf Real Estate Investment Co Cash-to-Debt Historical Data

The historical data trend for Wharf Real Estate Investment Co'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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Wharf Real Estate Investment Co Cash-to-Debt Chart

Wharf Real Estate Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.06

0.04

0.03

Wharf Real Estate Investment Co Semi-Annual Data
	Dec14	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													0.04	0.05	0.03	0.02	0.03

Competitive Comparison of Wharf Real Estate Investment Co's Cash-to-Debt

For the Real Estate Services subindustry, Wharf Real Estate Investment Co'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.

Wharf Real Estate Investment Co's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Wharf Real Estate Investment Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Wharf Real Estate Investment Co's Cash-to-Debt falls into.

Wharf Real Estate Investment Co 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.

Wharf Real Estate Investment Co'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)
	=	1124	/	(7593	+	29832)
	=	0.03

Wharf Real Estate Investment Co'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)
	=	1124	/	(7593	+	29832)
	=	0.03

Wharf Real Estate Investment Co (HKSE:01997) 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.

Wharf Real Estate Investment Co Cash-to-Debt Related Terms

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Wharf Real Estate Investment Co (HKSE:01997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wharf Real Estate Investment Co Ltd (HKSE:01997) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

WRFRF:USA 4WF:Germany

Address

https://www.wharfreic.com/en/investor/reports, 16th Floor, Ocean Centre, Harbour City, Kowloon, Hong Kong, HKG

Website

https://www.wharfreic.com

Wharf spun off Wharf Real Estate Investment Co in November 2017. It is a leading property investor with a focus in prime retail assets in Hong Kong. Rental income from two flagship assets Harbour City and Times Square account for around 80% of revenue. The balance is made up of The Murray hotel, a suburban mall in Plaza Hollywood, two offices in Central CBD. The group also holds two malls in Singapore and a mixed-development in Suzhou. Wharf was originally a shipping company but transformed into a property developer and investor in the 1960s by redeveloping its unused industrial assets, many located in city-center and waterfront locations. The Harbour City site was previously wharfs, and the Times Square site was a tram depot in the 1970s. Wheelock holds a 45% stake in WREIC.

Wharf Real Estate Investment Co (HKSE:01997) Headlines

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