Advance Residence Investment (TSE:3269) Cash-to-Debt : 0.06 (As of Jan. 2023)

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What is Advance Residence 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. Advance Residence Investment's cash to debt ratio for the quarter that ended in Jan. 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, Advance Residence Investment couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2023.

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

TSE:3269' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.07 Max: No Debt
Current: No Debt

During the past 11 years, Advance Residence Investment's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 0.07.

TSE:3269's Cash-to-Debt is ranked better than
99.63% of 803 companies
in the REITs industry
Industry Median: 0.08 vs TSE:3269: No Debt

Advance Residence Investment Cash-to-Debt Historical Data

The historical data trend for Advance Residence 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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Advance Residence Investment Cash-to-Debt Chart

Advance Residence Investment Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Cash-to-Debt

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0.06

N/A

0.07

Advance Residence Investment Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.07	0.07	0.06	0.06	N/A

Competitive Comparison of Advance Residence Investment's Cash-to-Debt

For the REIT - Residential subindustry, Advance Residence 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.

Advance Residence Investment's Cash-to-Debt Distribution in the REITs Industry

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

* The bar in red indicates where Advance Residence Investment's Cash-to-Debt falls into.

Advance Residence 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.

Advance Residence Investment's Cash to Debt Ratio for the fiscal year that ended in Jul. 2021 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)
	=	14730.396	/	(27720	+	192789)
	=	0.07

Advance Residence Investment's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	14716.443	/	(22880	+	208429)
	=	0.06

Advance Residence Investment (TSE:3269) 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.

Advance Residence Investment Cash-to-Debt Related Terms

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

Advance Residence Investment (TSE:3269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Advance Residence Investment Corp (TSE:3269) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-26 Kanda-Nishikicho, Chiyoda Ward, Tokyo, JPN, 101-0054

Website

http://www.adr-reit.com

Advance Residence Investment Corp is a real estate investment trust that engaged in the property leasing business. It was created through consolidation type merger between the former Advance Residence Investment Corporation and Nippon Residential Investment Corporation. In order to secure stable earnings and steady growth in assets under management, the company procures funds through loans, issuance of investment corporation bonds, issuance of units, and other means of financing for purchasing real estate properties and repaying its debts. The company primarily invests in residential real estate properties located in central Tokyo, and the Tokyo metropolitan area.

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