Nippon Prologis REIT (TSE:3283) Cash-to-Debt : 0.08 (As of Nov. 2023)

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

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

TSE:3283' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.11 Max: 0.13
Current: 0.08

During the past 10 years, Nippon Prologis REIT's highest Cash to Debt Ratio was 0.13. The lowest was 0.08. And the median was 0.11.

TSE:3283's Cash-to-Debt is ranked better than
51.43% of 803 companies
in the REITs industry
Industry Median: 0.08 vs TSE:3283: 0.08

Nippon Prologis REIT Cash-to-Debt Historical Data

The historical data trend for Nippon Prologis 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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Nippon Prologis REIT Cash-to-Debt Chart

Nippon Prologis REIT Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov23

Cash-to-Debt

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0.12

0.08

0.11

0.12

0.08

Nippon Prologis REIT Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	May23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															0.10	0.12	0.07	0.08	0.08

Competitive Comparison of Nippon Prologis REIT's Cash-to-Debt

For the REIT - Industrial subindustry, Nippon Prologis 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.

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

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

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

Nippon Prologis 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.

Nippon Prologis REIT's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	26027.359	/	(31500	+	301800)
	=	0.08

Nippon Prologis REIT's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	26027.359	/	(31500	+	301800)
	=	0.08

Nippon Prologis REIT (TSE:3283) 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.

Nippon Prologis REIT Cash-to-Debt Related Terms

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

Nippon Prologis REIT (TSE:3283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nippon Prologis REIT Inc (TSE:3283) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tokyo Building 21F, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6421

Website

http://www.prologis-reit.co.jp

Nippon Prologis REIT Inc is a Japanese real estate investment trust primarily involved in owning, operating, and developing logistics facilities in Japan's major urban markets. The company's real estate portfolio is comprised mainly of large, multitenant warehouse facilities located near transportation hubs and population clusters. Nippon Prologis also operates a sizable number of build-to-suit facilities with similar physical specifications to its other buildings. The majority of the company's properties are located in the Greater Tokyo area, while a significant percentage are located in the Greater Osaka area as well. Nippon Prologis derives nearly all of its income from rental revenue. Its customers include a variety of logistics, distribution, transportation, and industrial companies.

Nippon Prologis REIT (TSE:3283) Headlines

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