Fortune Real Estate Investment Trust (HKSE:00778) Cash-to-Debt : 0.01 (As of Jun. 2024)

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What is Fortune Real Estate Investment Trust 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. Fortune Real Estate Investment Trust's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.01.

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, Fortune Real Estate Investment Trust couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

HKSE:00778' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.12
Current: 0.01

During the past 13 years, Fortune Real Estate Investment Trust's highest Cash to Debt Ratio was 0.12. The lowest was 0.01. And the median was 0.04.

HKSE:00778's Cash-to-Debt is ranked worse than
89.16% of 867 companies
in the REITs industry
Industry Median: 0.08 vs HKSE:00778: 0.01

Fortune Real Estate Investment Trust Cash-to-Debt Historical Data

The historical data trend for Fortune Real Estate Investment Trust'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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Fortune Real Estate Investment Trust Cash-to-Debt Chart

Fortune Real Estate Investment Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.02

0.01

0.02

0.01

Fortune Real Estate Investment Trust Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.02	0.01	0.01	0.01

Competitive Comparison of Fortune Real Estate Investment Trust's Cash-to-Debt

For the REIT - Retail subindustry, Fortune Real Estate Investment Trust'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.

Fortune Real Estate Investment Trust's Cash-to-Debt Distribution in the REITs Industry

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

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

Fortune Real Estate Investment Trust 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.

Fortune Real Estate Investment Trust'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)
	=	106.718	/	(660	+	8998.374)
	=	0.01

Fortune Real Estate Investment Trust's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	94.549	/	(680	+	9002.631)
	=	0.01

Fortune Real Estate Investment Trust (HKSE:00778) 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.

Fortune Real Estate Investment Trust Cash-to-Debt Related Terms

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

Fortune Real Estate Investment Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fortune Real Estate Investment Trust (HKSE:00778) » Definitions » Cash-to-Debt

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FRIVF:USA

Address

5 Temasek Boulevard, No. 12-01, Suntec Tower 5, Singapore, SGP, 038985

Website

https://www.fortunereit.com

Fortune Real Estate Investment Trust is a real estate company that invests in retail shopping malls located in Hong Kong and Singapore with the primary objective of producing stable distributions for unitholders and achieving long-term growth in the net asset value per unit. The trust generates the majority of its revenue from rents and leases, with the remaining revenue from utility charges, management fees, car park revenue, license fees, and other sources. Fortune REIT's tenants include supermarkets, banking, and real estate services companies, restaurants, convenience stores, and general retailers.

Executives

Ck Asset Holdings Limited
Li Ka-shing

Fortune Real Estate Investment Trust Headlines

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