Noval Property Real Estate Investment Co (ATH:NOVAL) Cash-to-Debt : 0.33 (As of Dec. 2023)

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What is Noval Property 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. Noval Property Real Estate Investment Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.33.

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, Noval Property 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 Noval Property Real Estate Investment Co's Cash-to-Debt or its related term are showing as below:

ATH:NOVAL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 0.39 Max: 0.53
Current: 0.33

During the past 3 years, Noval Property Real Estate Investment Co's highest Cash to Debt Ratio was 0.53. The lowest was 0.33. And the median was 0.39.

ATH:NOVAL's Cash-to-Debt is ranked better than
57.09% of 1771 companies
in the Real Estate industry
Industry Median: 0.25 vs ATH:NOVAL: 0.33

Noval Property Real Estate Investment Co Cash-to-Debt Historical Data

The historical data trend for Noval Property 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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Noval Property Real Estate Investment Co Cash-to-Debt Chart

Noval Property Real Estate Investment Co Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.53

0.39

0.33

Noval Property Real Estate Investment Co Semi-Annual Data
	Dec21	Dec22	Dec23
Cash-to-Debt	0.53	0.39	0.33

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

For the Real Estate - Diversified subindustry, Noval Property 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.

Noval Property Real Estate Investment Co's Cash-to-Debt Distribution in the Real Estate Industry

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

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

Noval Property 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.

Noval Property 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)
	=	74.578	/	(11.517	+	216.781)
	=	0.33

Noval Property 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)
	=	74.578	/	(11.517	+	216.781)
	=	0.33

Noval Property Real Estate Investment Co (ATH:NOVAL) 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.

Noval Property Real Estate Investment Co Cash-to-Debt Related Terms

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Noval Property Real Estate Investment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Noval Property Real Estate Investment Co (ATH:NOVAL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Leof. Mesogeion 2-4, Athens, GRC, 115 27

Website

Noval Property Real Estate Investment Co is a well-diversified Real Estate Investment Company that aims to offer investors capital growth potential and attractive dividend yield. It has been sourcing, evaluating and acquiring attractive investment opportunities primarily in the Greek real estate market, employing both core and value-add strategies in addition to development projects.

Noval Property Real Estate Investment Co Headlines

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