Boardwalk Real Estate Investment Trust (TSX:BEI.UN) Cash-to-Debt : 0.10 (As of Dec. 2023)

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What is Boardwalk Real Estate Investment Trust 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. Boardwalk Real Estate Investment Trust's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.10.

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

TSX:BEI.UN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.1
Current: 0.1

During the past 13 years, Boardwalk Real Estate Investment Trust's highest Cash to Debt Ratio was 0.10. The lowest was 0.01. And the median was 0.02.

TSX:BEI.UN's Cash-to-Debt is ranked better than
55.31% of 801 companies
in the REITs industry
Industry Median: 0.08 vs TSX:BEI.UN: 0.10

Boardwalk Real Estate Investment Trust Cash-to-Debt Historical Data

The historical data trend for Boardwalk Real Estate Investment Trust'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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Boardwalk Real Estate Investment Trust Cash-to-Debt Chart

Boardwalk Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

0.02

0.10

Boardwalk Real Estate Investment Trust 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															0.02	0.01	0.01	0.01	0.10

Competitive Comparison of Boardwalk Real Estate Investment Trust's Cash-to-Debt

For the REIT - Residential subindustry, Boardwalk Real Estate Investment Trust'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.

Boardwalk Real Estate Investment Trust's Cash-to-Debt Distribution in the REITs Industry

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

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

Boardwalk Real Estate Investment Trust 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.

Boardwalk Real Estate Investment Trust'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)
	=	331.204	/	(503.35	+	2891.863)
	=	0.10

Boardwalk Real Estate Investment Trust'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)
	=	331.204	/	(503.35	+	2891.863)
	=	0.10

Boardwalk Real Estate Investment Trust (TSX:BEI.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.

Boardwalk Real Estate Investment Trust Cash-to-Debt Related Terms

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Boardwalk Real Estate Investment Trust (TSX:BEI.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Boardwalk Real Estate Investment Trust (TSX:BEI.UN) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

BOWFF:USA

Address

1501 - 1st Street S.W., Suite 200, First West Place, Calgary, AB, CAN, T2R 0W1

Website

https://www.bwalk.com

Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company's cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT's total residential suites. The company derives substantially all of its income in the form of rental revenue from leasing its properties to tenants under short-term agreements. Boardwalk REIT's assets in Alberta contribute the majority of this revenue.

Boardwalk Real Estate Investment Trust (TSX:BEI.UN) Headlines

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