Burstone Group (JSE:BTN) Cash-to-Debt : 0.04 (As of Sep. 2024)

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What is Burstone Group 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. Burstone Group's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.04.

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, Burstone Group couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Burstone Group's Cash-to-Debt or its related term are showing as below:

JSE:BTN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.08
Current: 0.04

During the past 13 years, Burstone Group's highest Cash to Debt Ratio was 0.08. The lowest was 0.01. And the median was 0.02.

JSE:BTN's Cash-to-Debt is ranked worse than
65.1% of 871 companies
in the REITs industry
Industry Median: 0.08 vs JSE:BTN: 0.04

Burstone Group Cash-to-Debt Historical Data

The historical data trend for Burstone Group'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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Burstone Group Cash-to-Debt Chart

Burstone Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.04

0.02

0.03

0.02

Burstone Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.03	0.02	0.02	0.04

Competitive Comparison of Burstone Group's Cash-to-Debt

For the REIT - Diversified subindustry, Burstone Group'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.

Burstone Group's Cash-to-Debt Distribution in the REITs Industry

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

* The bar in red indicates where Burstone Group's Cash-to-Debt falls into.

Burstone Group 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.

Burstone Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	283.513	/	(2364.377	+	9889.611)
	=	0.02

Burstone Group's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	451.287	/	(2169.093	+	9150.492)
	=	0.04

Burstone Group (JSE:BTN) 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.

Burstone Group Cash-to-Debt Related Terms

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Burstone Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Burstone Group Ltd (JSE:BTN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

4 Sandown Valley Crescent, 4th Floor, Sandown, Sandton, GT, ZAF, 2196

Website

https://www.investecproperty.com

Burstone Group Ltd is a real estate investment trust operating in South Africa and formed with the purpose of investing in direct real estate. The objective of the fund is to expand its asset base by investing in well-priced income-producing investment properties. The fund invests in the office, industrial, and retail property sectors and is managed and operated by Investec Property, which is a wholly-owned subsidiary of Investec. The fund is well diversified in terms of sectoral spread but mostly concentrates investments in the province of Gauteng from a geographical spread standpoint. The vast majority of the fund's revenue is derived from contracted rental fees.

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