Mori Hills Reit Investment (TSE:3234) Cash-to-Debt : 0.08 (As of Jul. 2023)

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What is Mori Hills Reit 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. Mori Hills Reit Investment's cash to debt ratio for the quarter that ended in Jul. 2023 was 0.08.

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, Mori Hills Reit Investment couldn't pay off its debt using the cash in hand for the quarter that ended in Jul. 2023.

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

TSE:3234' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.08
Current: 0.08

During the past 13 years, Mori Hills Reit Investment's highest Cash to Debt Ratio was 0.08. The lowest was 0.02. And the median was 0.04.

TSE:3234's Cash-to-Debt is ranked better than
50.44% of 797 companies
in the REITs industry
Industry Median: 0.08 vs TSE:3234: 0.08

Mori Hills Reit Investment Cash-to-Debt Historical Data

The historical data trend for Mori Hills Reit 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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Mori Hills Reit Investment Cash-to-Debt Chart

Mori Hills Reit Investment Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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0.02

0.04

0.05

0.06

0.08

Mori Hills Reit Investment Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.04	0.06	0.07	0.08	N/A

Competitive Comparison of Mori Hills Reit Investment's Cash-to-Debt

For the REIT - Diversified subindustry, Mori Hills Reit 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.

Mori Hills Reit Investment's Cash-to-Debt Distribution in the REITs Industry

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

* The bar in red indicates where Mori Hills Reit Investment's Cash-to-Debt falls into.

Mori Hills Reit 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.

Mori Hills Reit Investment's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	16049.336	/	(18800	+	173622)
	=	0.08

Mori Hills Reit Investment's Cash to Debt Ratio for the quarter that ended in Jul. 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)
	=	16049.336	/	(18800	+	173622)
	=	0.08

Mori Hills Reit Investment (TSE:3234) 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.

Mori Hills Reit Investment Cash-to-Debt Related Terms

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Mori Hills Reit Investment (TSE:3234) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mori Hills Reit Investment Corp (TSE:3234) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

12-32 Akasaka 1-chome, Minato-ku, Tokyo, JPN

Website

http://www.mori-hills-reit.co.jp

Mori Hills Reit Investment Corp is engaged in real estate investment, leasing, and management. The firm's primary objective is to secure steady growth in its portfolio and to maximize unitholders' value by making selective investments that mainly target areas and real estate properties. The company's real estate portfolio, as of the end of the twenty-first fiscal period, was comprised of ten properties. The company owns real estate primarily office buildings and residential and retail properties available for lease in Tokyo.

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