AX Real Estate (MAL:AXR) Cash-to-Debt : 0.06 (As of Oct. 2023)

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What is AX Real Estate 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. AX Real Estate's cash to debt ratio for the quarter that ended in Oct. 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, AX Real Estate couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

MAL:AXR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.07 Max: 0.12
Current: 0.06

During the past 3 years, AX Real Estate's highest Cash to Debt Ratio was 0.12. The lowest was 0.06. And the median was 0.07.

MAL:AXR's Cash-to-Debt is ranked worse than
78.32% of 1785 companies
in the Real Estate industry
Industry Median: 0.25 vs MAL:AXR: 0.06

AX Real Estate Cash-to-Debt Historical Data

The historical data trend for AX Real Estate'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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AX Real Estate Cash-to-Debt Chart

AX Real Estate Annual Data

Trend

Oct21

Oct22

Oct23

Cash-to-Debt

0.07

0.12

0.06

AX Real Estate Semi-Annual Data
	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	0.07	0.36	0.12	0.06	0.06

Competitive Comparison of AX Real Estate's Cash-to-Debt

For the Real Estate - Diversified subindustry, AX Real Estate'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.

AX Real Estate's Cash-to-Debt Distribution in the Real Estate Industry

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

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

AX Real Estate 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.

AX Real Estate's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	10.657	/	(54.152	+	114.99)
	=	0.06

AX Real Estate's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	10.657	/	(54.152	+	114.99)
	=	0.06

AX Real Estate (MAL:AXR) 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.

AX Real Estate Cash-to-Debt Related Terms

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AX Real Estate (MAL:AXR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AX Real Estate PLC (MAL:AXR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

AX Business Centre, Triq Id-Difiza Civili, Mosta, MLT, MST 1741

Website

https://www.axrealestate.mt

AX Real Estate PLC serves as the holding company of the Estates Group within the AX Group, with the former boasting a diverse portfolio of properties. The company's portfolio includes warehouses, an office block at Hardrocks Industrial Park, as well as an office block at Falcon House. On the other hand, its subsidiaries own a range of properties and developments, such as the Suncrest Hotels, the Royal Hotels, St. John's Boutique Hotel and Palazzo Merkanti Leisure, as well as Central Leisure Developments, Simblija Developments, Heritage Developments and Skyline Developments.