Tokyu Reit (Tokyu Reit) Cash-to-Debt : 0.05 (As of Jul. 2023)

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What is Tokyu 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. Tokyu Reit's cash to debt ratio for the quarter that ended in Jul. 2023 was 0.05.

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, Tokyu Reit 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 Tokyu Reit's Cash-to-Debt or its related term are showing as below:

TKURF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.06
Current: 0.05

During the past 13 years, Tokyu Reit's highest Cash to Debt Ratio was 0.06. The lowest was 0.01. And the median was 0.04.

TKURF's Cash-to-Debt is ranked worse than
62.14% of 803 companies
in the REITs industry
Industry Median: 0.08 vs TKURF: 0.05

Tokyu Reit Cash-to-Debt Historical Data

The historical data trend for Tokyu 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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Tokyu Reit Cash-to-Debt Chart

Tokyu Reit Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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0.01

0.03

0.01

0.03

0.05

Tokyu Reit 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															0.06	0.03	0.02	0.05	N/A

Competitive Comparison of Tokyu Reit's Cash-to-Debt

For the REIT - Diversified subindustry, Tokyu 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.

Tokyu Reit's Cash-to-Debt Distribution in the REITs Industry

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

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

Tokyu 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.

Tokyu Reit'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)
	=	39.479	/	(74.502	+	666.969)
	=	0.05

Tokyu Reit'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)
	=	39.479	/	(74.502	+	666.969)
	=	0.05

Tokyu Reit (OTCPK:TKURF) 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.

Tokyu Reit Cash-to-Debt Related Terms

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

Tokyu Reit (Tokyu Reit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tokyu Reit Inc (OTCPK:TKURF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

8957:Japan

Address

1-12-1, Dogenzaka, Tokyo, JPN

Website

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

Tokyu Reit Inc is a Japanese real estate company. It is engaged in asset investment and management based on principles of growth, stability, and transparency. The company invests predominantly in retail and office properties located in Chiyoda, Chuo, Minato, Shinjuku and Shibuya wards. It also conducts replacement of properties and other measures as needed in order to maintain and improve the portfolio quality, aiming to enhance its asset value and increase net income per unit.

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