NIPPON REIT Investment (TSE:3296) Cash-to-Debt : 0.08 (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is NIPPON 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. NIPPON REIT Investment's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.08.

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, NIPPON REIT Investment 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 NIPPON REIT Investment's Cash-to-Debt or its related term are showing as below:

TSE:3296' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.07 Max: 0.12
Current: 0.08

During the past 10 years, NIPPON REIT Investment's highest Cash to Debt Ratio was 0.12. The lowest was 0.02. And the median was 0.07.

TSE:3296's Cash-to-Debt is ranked better than
51.44% of 799 companies
in the REITs industry
Industry Median: 0.08 vs TSE:3296: 0.08

NIPPON REIT Investment Cash-to-Debt Historical Data

The historical data trend for NIPPON 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.

* Premium members only.

NIPPON REIT Investment Cash-to-Debt Chart

NIPPON REIT Investment Annual Data

Trend

Jun13

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.07

0.08

0.07

0.08

NIPPON REIT Investment Semi-Annual Data
	Jun13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec23
Cash-to-Debt	Get a 7-Day Free Trial														0.08	0.08	0.07	0.08	0.08

Competitive Comparison of NIPPON REIT Investment's Cash-to-Debt

For the REIT - Diversified subindustry, NIPPON 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.

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

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

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

NIPPON 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.

NIPPON REIT Investment'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)
	=	10246.577	/	(17600	+	115020)
	=	0.08

NIPPON REIT Investment'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)
	=	10246.577	/	(17600	+	115020)
	=	0.08

NIPPON REIT Investment (TSE:3296) 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.

NIPPON REIT Investment Cash-to-Debt Related Terms

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

NIPPON REIT Investment (TSE:3296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NIPPON REIT Investment Corp (TSE:3296) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 17 No. 18 Shinkawa, Chuo-ku, Tokyo-chome, JPN

Website

http://www.nippon-reit.com

NIPPON REIT Investment Corp is engaged in the property leasing business. The company manages assets by investing the funds paid in by the unitholders primarily in real estate-related assets. The company develops a portfolio of properties focused on income growth and stability, aiming to maximize unitholder value.

NIPPON REIT Investment (TSE:3296) Headlines

No Headlines