Apollo Commercial Real Estate Finance (FRA:9A1) Cash-to-Debt : 0.02 (As of Mar. 2024)

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What is Apollo Commercial Real Estate Finance 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. Apollo Commercial Real Estate Finance's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.02.

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, Apollo Commercial Real Estate Finance couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Apollo Commercial Real Estate Finance's Cash-to-Debt or its related term are showing as below:

FRA:9A1' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.06 Max: 0.85
Current: 0.02

During the past 13 years, Apollo Commercial Real Estate Finance's highest Cash to Debt Ratio was 0.85. The lowest was 0.02. And the median was 0.06.

FRA:9A1's Cash-to-Debt is ranked worse than
72.07% of 802 companies
in the REITs industry
Industry Median: 0.085 vs FRA:9A1: 0.02

Apollo Commercial Real Estate Finance Cash-to-Debt Historical Data

The historical data trend for Apollo Commercial Real Estate Finance'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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Apollo Commercial Real Estate Finance Cash-to-Debt Chart

Apollo Commercial Real Estate Finance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.12

0.07

0.06

0.03

Apollo Commercial Real Estate Finance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.05	0.04	0.05	0.03	0.02

Competitive Comparison of Apollo Commercial Real Estate Finance's Cash-to-Debt

For the REIT - Mortgage subindustry, Apollo Commercial Real Estate Finance'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.

Apollo Commercial Real Estate Finance's Cash-to-Debt Distribution in the REITs Industry

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

* The bar in red indicates where Apollo Commercial Real Estate Finance's Cash-to-Debt falls into.

Apollo Commercial Real Estate Finance Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Apollo Commercial Real Estate Finance's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	206.727	/	(5091.009	+	1286.566)
	=	0.03

Apollo Commercial Real Estate Finance's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	148.295	/	(5161.652	+	1289.933)
	=	0.02

Apollo Commercial Real Estate Finance (FRA:9A1) 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.

Apollo Commercial Real Estate Finance Cash-to-Debt Related Terms

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

Apollo Commercial Real Estate Finance (FRA:9A1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Apollo Commercial Real Estate Finance Inc (FRA:9A1) » Definitions » Cash-to-Debt

Comparable Companies

LADR CMTG RC PMT CIM FBRT TWO MFA EFC RWT NLY STWD AGNC RITM BXMT ABR KREF NYMT ARR DX

Traded in Other Exchanges

ARI:USA

Address

c/o Apollo Global Management, Inc, 9 West 57th Street, 42nd Floor, New York, NY, USA, 10019

Website

https://www.apollocref.com

Apollo Commercial Real Estate Finance Inc is a real estate investment trust that primarily originates, invests in, acquires, and manages commercial first-mortgage loans, subordinate financings, commercial mortgage-backed securities, and other real estate-related debt investments. The subordinate loans and first-mortgage loans account for the vast majority of the portfolio on a cost basis. Property types include residential, retail, healthcare, office, mixed-use, hotel, industrial, multifamily, securities, and other, with residential properties and hotels representing the highest property value. More than a third of the properties are located in New York City, with the other properties located across other regions of the United States, as well as other countries.

Apollo Commercial Real Estate Finance (FRA:9A1) Headlines

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