Daiwa House REIT Investment (TSE:8984) Cash-to-Debt : 0.09 (As of Aug. 2023)

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What is Daiwa House 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. Daiwa House REIT Investment's cash to debt ratio for the quarter that ended in Aug. 2023 was 0.09.

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, Daiwa House REIT Investment couldn't pay off its debt using the cash in hand for the quarter that ended in Aug. 2023.

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

TSE:8984' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 0.09
Current: 0.09

During the past 13 years, Daiwa House REIT Investment's highest Cash to Debt Ratio was 0.09. The lowest was 0.02. And the median was 0.08.

TSE:8984's Cash-to-Debt is ranked better than
53.07% of 797 companies
in the REITs industry
Industry Median: 0.08 vs TSE:8984: 0.09

Daiwa House REIT Investment Cash-to-Debt Historical Data

The historical data trend for Daiwa House 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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Daiwa House REIT Investment Cash-to-Debt Chart

Daiwa House REIT Investment Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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0.08

0.06

0.08

0.07

0.09

Daiwa House REIT Investment Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.07	0.08	0.09	N/A

Competitive Comparison of Daiwa House REIT Investment's Cash-to-Debt

For the REIT - Diversified subindustry, Daiwa House 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.

Daiwa House REIT Investment's Cash-to-Debt Distribution in the REITs Industry

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

* The bar in red indicates where Daiwa House REIT Investment's Cash-to-Debt falls into.

Daiwa House 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.

Daiwa House REIT Investment's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	35200.356	/	(44700	+	362850)
	=	0.09

Daiwa House REIT Investment's Cash to Debt Ratio for the quarter that ended in Aug. 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)
	=	35200.356	/	(44700	+	362850)
	=	0.09

Daiwa House REIT Investment (TSE:8984) 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.

Daiwa House REIT Investment Cash-to-Debt Related Terms

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Daiwa House REIT Investment (TSE:8984) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Daiwa House REIT Investment Corp (TSE:8984) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-4-8, Nagatacho, 7th Floor, Nissei Nagatacho Building, Chiyoda-ku, Tokyo, JPN, 100-0014

Website

https://www.daiwahouse-reit.co.jp

Daiwa House REIT Investment Corp is a diversified real estate investment trust which invests in real estate properties. Its core assets are logistics properties, residential properties, retail properties, and hotels. It invests mainly in three metropolitan areas the greater Tokyo area, the greater Nagoya area, and the greater Osaka area. The firm's portfolio consists of assets with various risk-return profiles. It generates revenue from rental activity on a straight-line accrual basis over the life of each lease contract. The company operates only in Japan.

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