GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Spear REIT Ltd (JSE:SEA) » Definitions » Cash-to-Debt

Spear REIT (JSE:SEA) Cash-to-Debt : 1.92 (As of Aug. 2023)


View and export this data going back to 2016. Start your Free Trial

What is Spear 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. Spear REIT's cash to debt ratio for the quarter that ended in Aug. 2023 was 1.92.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Spear REIT could pay off its debt using the cash in hand for the quarter that ended in Aug. 2023.

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

JSE:SEA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 71.15
Current: 1.92

During the past 7 years, Spear REIT's highest Cash to Debt Ratio was 71.15. The lowest was 0.01. And the median was 0.02.

JSE:SEA's Cash-to-Debt is ranked better than
77.35% of 799 companies
in the REITs industry
Industry Median: 0.08 vs JSE:SEA: 1.92

Spear REIT Cash-to-Debt Historical Data

The historical data trend for Spear 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.

* Premium members only.

Spear REIT Cash-to-Debt Chart

Spear REIT Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Cash-to-Debt
Get a 7-Day Free Trial 0.01 0.01 0.02 0.02 0.01

Spear REIT Semi-Annual Data
Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 71.15 0.02 0.03 0.01 1.92

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

For the REIT - Diversified subindustry, Spear 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.


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

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

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



Spear 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.

Spear REIT's Cash to Debt Ratio for the fiscal year that ended in Feb. 2023 is calculated as:

Spear REIT's Cash to Debt Ratio for the quarter that ended in Aug. 2023 is calculated as:

* 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.


Spear REIT  (JSE:SEA) 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.


Spear REIT Cash-to-Debt Related Terms

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


Spear REIT (JSE:SEA) Business Description

Traded in Other Exchanges
N/A
Address
2 Long Street, PO Box 50, 16th Floor, Cape Town, ZAF, 8001
Spear REIT Ltd is a real estate investment trust. The company is a diversified property investment company investing in real estate sectors including office, retail, industrial, residential, and hospitality. Its operating business segments are Industrial, Commercial, Retail, Hospitality, Residential, Development, and Non-property. The segments derive their revenue mainly from rental income from leases. The company derives maximum revenue from the Industrial segment.

Spear REIT (JSE:SEA) Headlines

From GuruFocus

Wilbur Ross Likes Alcoa, Shipping Industry Due to China

By Bram de Haas Bram de Haas 01-11-2016