Hoshino Resorts REIT (TSE:3287) Cash-to-Debt : 0.15 (As of Apr. 2023)

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What is Hoshino Resorts 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. Hoshino Resorts REIT's cash to debt ratio for the quarter that ended in Apr. 2023 was 0.15.

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, Hoshino Resorts REIT couldn't pay off its debt using the cash in hand for the quarter that ended in Apr. 2023.

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

TSE:3287' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.19 Max: 0.48
Current: 0.15

During the past 10 years, Hoshino Resorts REIT's highest Cash to Debt Ratio was 0.48. The lowest was 0.13. And the median was 0.19.

TSE:3287's Cash-to-Debt is ranked better than
65.12% of 797 companies
in the REITs industry
Industry Median: 0.08 vs TSE:3287: 0.15

Hoshino Resorts REIT Cash-to-Debt Historical Data

The historical data trend for Hoshino Resorts 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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Hoshino Resorts REIT Cash-to-Debt Chart

Hoshino Resorts REIT Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Cash-to-Debt

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0.21

0.18

0.17

0.13

0.15

Hoshino Resorts REIT Semi-Annual Data
	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Cash-to-Debt	Get a 7-Day Free Trial															0.13	0.13	0.15	0.15	0.15

Competitive Comparison of Hoshino Resorts REIT's Cash-to-Debt

For the REIT - Hotel & Motel subindustry, Hoshino Resorts 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.

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

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

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

Hoshino Resorts 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.

Hoshino Resorts REIT's Cash to Debt Ratio for the fiscal year that ended in Oct. 2022 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)
	=	11206.704	/	(12467.143	+	62118.558)
	=	0.15

Hoshino Resorts REIT's Cash to Debt Ratio for the quarter that ended in Apr. 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)
	=	11555.206	/	(13120.002	+	63518.557)
	=	0.15

Hoshino Resorts REIT (TSE:3287) 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.

Hoshino Resorts REIT Cash-to-Debt Related Terms

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

Hoshino Resorts REIT (TSE:3287) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hoshino Resorts REIT Inc (TSE:3287) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-14-4 Hattsuchoubori, Chuo-Ku, Tokyo, JPN, 104-0032

Website

http://www.hoshinoresort.com

Hoshino Resorts REIT Inc is a closed-end real estate investment trust company. It aims to achieve stable earnings and sustainable growth of its investment assets, by investing in hotels, Japanese-Style Inns, and related facilities.

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