Heiwa Real Estate REIT (TSE:8966) Cash-to-Debt : 0.11 (As of Nov. 2023)

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What is Heiwa Real Estate 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. Heiwa Real Estate REIT's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.11.

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, Heiwa Real Estate 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 Heiwa Real Estate REIT's Cash-to-Debt or its related term are showing as below:

TSE:8966' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.13 Max: 0.21
Current: 0.11

During the past 13 years, Heiwa Real Estate REIT's highest Cash to Debt Ratio was 0.21. The lowest was 0.09. And the median was 0.13.

TSE:8966's Cash-to-Debt is ranked better than
58.97% of 797 companies
in the REITs industry
Industry Median: 0.08 vs TSE:8966: 0.11

Heiwa Real Estate REIT Cash-to-Debt Historical Data

The historical data trend for Heiwa Real Estate 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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Heiwa Real Estate REIT Cash-to-Debt Chart

Heiwa Real Estate REIT Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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0.17

0.16

0.12

N/A

0.11

Heiwa Real Estate REIT Semi-Annual Data
	Nov13	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															0.12	0.16	N/A	0.11	0.11

Competitive Comparison of Heiwa Real Estate REIT's Cash-to-Debt

For the REIT - Diversified subindustry, Heiwa Real Estate 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.

Heiwa Real Estate REIT's Cash-to-Debt Distribution in the REITs Industry

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

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

Heiwa Real Estate 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.

Heiwa Real Estate 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)
	=	12873.216	/	(13935	+	98602.2)
	=	0.11

Heiwa Real Estate 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)
	=	12873.216	/	(13935	+	98602.2)
	=	0.11

Heiwa Real Estate REIT (TSE:8966) 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.

Heiwa Real Estate REIT Cash-to-Debt Related Terms

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

Heiwa Real Estate REIT (TSE:8966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Heiwa Real Estate REIT Inc (TSE:8966) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-5-1, Atago, Minato-ku, Tokyo, JPN, 105-6237

Website

http://www.heiwa-re.co.jp

Heiwa Real Estate REIT Inc is a real estate company that primarily invests in office buildings and residential buildings located in the Tokyo Metropolitan Area and other major cities across Japan. The company leases its buildings for rental revenue and renovates its properties. The tenants include both individuals and businesses from various industries such as wholesale and retail, manufacturing, and information and technology services. The company's assets are managed by Heiwa Real Estate Asset Management Co.

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