Equites Property Fund (JSE:EQU) Cash-to-Debt : 0.05 (As of Feb. 2024)

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What is Equites Property Fund 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. Equites Property Fund's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.05.

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, Equites Property Fund couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

JSE:EQU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.1
Current: 0.05

During the past 10 years, Equites Property Fund's highest Cash to Debt Ratio was 0.10. The lowest was 0.01. And the median was 0.04.

JSE:EQU's Cash-to-Debt is ranked worse than
61.58% of 799 companies
in the REITs industry
Industry Median: 0.08 vs JSE:EQU: 0.05

Equites Property Fund Cash-to-Debt Historical Data

The historical data trend for Equites Property Fund'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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Equites Property Fund Cash-to-Debt Chart

Equites Property Fund Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Cash-to-Debt

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0.02

0.09

0.08

0.03

0.05

Equites Property Fund Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.08	0.03	0.03	0.02	0.05

Competitive Comparison of Equites Property Fund's Cash-to-Debt

For the REIT - Industrial subindustry, Equites Property Fund'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.

Equites Property Fund's Cash-to-Debt Distribution in the REITs Industry

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

* The bar in red indicates where Equites Property Fund's Cash-to-Debt falls into.

Equites Property Fund 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.

Equites Property Fund's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	625.966	/	(2631.904	+	9468.043)
	=	0.05

Equites Property Fund's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	625.966	/	(2631.904	+	9468.043)
	=	0.05

Equites Property Fund (JSE:EQU) 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.

Equites Property Fund Cash-to-Debt Related Terms

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

Equites Property Fund (JSE:EQU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equites Property Fund Ltd (JSE:EQU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Bree Street, 14th Floor, Portside Towers, Cape Town, WC, ZAF, 8001

Website

https://www.equites.co.za

Equites Property Fund Ltd is a real estate investment trust based in South Africa. It is engaged in the investment in and development of commercial properties in the industrial sector. The group has assessed its operations and determined its segments in line with the clear geographic distinction between South Africa and the United Kingdom. SA Industrial segment generates the revenue.

Equites Property Fund (JSE:EQU) Headlines

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