Dream Residential REIT (Dream Residential REIT) Cash-to-Debt : 0.06 (As of Jun. 2023)

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What is Dream Residential 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. Dream Residential REIT's cash to debt ratio for the quarter that ended in Jun. 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, Dream Residential REIT couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Dream Residential REIT's Cash-to-Debt or its related term are showing as below:

DRREF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.08 Max: 0.09
Current: 0.08

During the past 2 years, Dream Residential REIT's highest Cash to Debt Ratio was 0.09. The lowest was 0.08. And the median was 0.08.

DRREF's Cash-to-Debt is ranked better than
50.44% of 797 companies
in the REITs industry
Industry Median: 0.08 vs DRREF: 0.08

Dream Residential REIT Cash-to-Debt Historical Data

The historical data trend for Dream Residential 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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Dream Residential REIT Cash-to-Debt Chart

Dream Residential REIT Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

0.09

0.08

Dream Residential REIT Quarterly Data
	Feb22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.11	0.09	0.09	0.06	0.08

Competitive Comparison of Dream Residential REIT's Cash-to-Debt

For the REIT - Residential subindustry, Dream Residential 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.

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

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

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

Dream Residential 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.

Dream Residential REIT'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)
	=	10.943	/	(0	+	137.632)
	=	0.08

Dream Residential REIT's Cash to Debt Ratio for the quarter 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)
	=	8.382	/	(0	+	140.549)
	=	0.06

Dream Residential REIT (OTCPK:DRREF) 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.

Dream Residential REIT Cash-to-Debt Related Terms

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Dream Residential REIT (Dream Residential REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dream Residential REIT (OTCPK:DRREF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DRR.U:Canada

Address

30 Adelaide Street East, Suite 301, Toronto, ON, CAN, M5C 3H1

Website

https://www.dream.ca

Dream Residential REIT is a Canada-based open-ended, real estate investment trust. It plans to acquire all of the issued and outstanding equity interests in special purpose entities, which collectively own more than 15 multi-residential rental properties. All of its properties are located in the United States.