Prodea Real Estate Investment Co (ATH:PRODEA) Cash-to-Debt : 0.14 (As of Dec. 2023)

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What is Prodea Real Estate Investment Co 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. Prodea Real Estate Investment Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.14.

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, Prodea Real Estate Investment Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Prodea Real Estate Investment Co's Cash-to-Debt or its related term are showing as below:

ATH:PRODEA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.13 Max: 0.35
Current: 0.14

During the past 13 years, Prodea Real Estate Investment Co's highest Cash to Debt Ratio was 0.35. The lowest was 0.08. And the median was 0.13.

ATH:PRODEA's Cash-to-Debt is ranked better than
64.29% of 801 companies
in the REITs industry
Industry Median: 0.08 vs ATH:PRODEA: 0.14

Prodea Real Estate Investment Co Cash-to-Debt Historical Data

The historical data trend for Prodea Real Estate Investment Co'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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Prodea Real Estate Investment Co Cash-to-Debt Chart

Prodea Real Estate Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.08

0.11

0.24

0.13

0.14

Prodea Real Estate Investment Co Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.16	0.17	0.13	0.10	0.14

Competitive Comparison of Prodea Real Estate Investment Co's Cash-to-Debt

For the REIT - Office subindustry, Prodea Real Estate Investment Co'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.

Prodea Real Estate Investment Co's Cash-to-Debt Distribution in the REITs Industry

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

* The bar in red indicates where Prodea Real Estate Investment Co's Cash-to-Debt falls into.

Prodea Real Estate Investment Co 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.

Prodea Real Estate Investment Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	185.068	/	(366.281	+	961.618)
	=	0.14

Prodea Real Estate Investment Co's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	185.068	/	(366.281	+	961.618)
	=	0.14

Prodea Real Estate Investment Co (ATH:PRODEA) 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.

Prodea Real Estate Investment Co Cash-to-Debt Related Terms

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

Prodea Real Estate Investment Co (ATH:PRODEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Prodea Real Estate Investment Co SA (ATH:PRODEA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Chrisospiliotissis 9 street, Athens, GRC, 10562

Website

https://www.prodea.gr

Prodea Real Estate Investment Co SA is a Greek Real Estate Investment trust. The Company's Business Segments include Retail/big boxes, Bank Branches, Offices and Other (including logistics, hotels, archives, petrol stations, parking spaces, land plots, residential properties and other properties with special use). The Geographical Segments of the company include 1) Greece, 2) Italy, 3) Cyprus and 4) Other countries.

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