Redefine Properties (JSE:RDF) Cash-to-Debt : 0.02 (As of Feb. 2024)

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What is Redefine Properties 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. Redefine Properties's cash to debt ratio for the quarter that ended in Feb. 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, Redefine Properties 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 Redefine Properties's Cash-to-Debt or its related term are showing as below:

JSE:RDF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.05
Current: 0.02

During the past 13 years, Redefine Properties's highest Cash to Debt Ratio was 0.05. The lowest was 0.01. And the median was 0.02.

JSE:RDF's Cash-to-Debt is ranked worse than
78.49% of 809 companies
in the REITs industry
Industry Median: 0.08 vs JSE:RDF: 0.02

Redefine Properties Cash-to-Debt Historical Data

The historical data trend for Redefine Properties'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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Redefine Properties Cash-to-Debt Chart

Redefine Properties Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

Get a 7-Day Free Trial

0.01

0.05

0.02

Redefine Properties 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															0.05	0.05	0.04	0.02	0.02

Competitive Comparison of Redefine Properties's Cash-to-Debt

For the REIT - Diversified subindustry, Redefine Properties'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.

Redefine Properties's Cash-to-Debt Distribution in the REITs Industry

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

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

Redefine Properties 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.

Redefine Properties's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	980.498	/	(5765.342	+	34868.286)
	=	0.02

Redefine Properties'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)
	=	783.292	/	(4580.855	+	38926.157)
	=	0.02

Redefine Properties (JSE:RDF) 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.

Redefine Properties Cash-to-Debt Related Terms

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

Redefine Properties (JSE:RDF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Redefine Properties Ltd (JSE:RDF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

155 West Street, 4th floor, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.redefine.co.za

Redefine Properties Ltd is a South African real estate investment trust involved in the ownership of office, retail, and industrial properties. The vast majority of Redefine's real estate portfolio is located in South Africa and Poland .Within South Africa, over half of the company's properties are in the province of Gauteng in terms of total value. The group comprises of segments in the local portfolio, being office, retail, industrial, specialised and head office, and the international portfolio being EPP, Redefine Europe and other. Majority of revenue is generated from EPP, international portfolio.

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