Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
What is KKR Real Estate Finance Trust Cash-to-Debt?
KKR Real Estate Finance TrustKREF -0.27%38 Cash-to-Debt is 0.02 as of Jun. 2026, which is 33% below its 10-year median of 0.03. GuruFocus rates KREF with a GF Score™ of 38/100 and a GF Value™ of $3.85 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 857 REITs companies, KKR Real Estate Finance Trust ranks worse than 81.1% on this metric.
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. KKR Real Estate Finance Trust's cash to debt ratio for the quarter that ended in Jun. 2026 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, KKR Real Estate Finance Trustcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for KKR Real Estate Finance Trust's Cash-to-Debt or its related term are showing as below:
KREF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.32
Current: 0.02
During the past 11 years, KKR Real Estate Finance Trust's highest Cash to Debt Ratio was 0.32. The lowest was 0.01. And the median was 0.03.
KREF's Cash-to-Debt is ranked worse than 81.1% of 857
companies
in the REITs industry
Industry Median: 0.09
vs KREF: 0.02
KKR Real Estate Finance Trust (NYSE:KREF) 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.
KKR Real Estate Finance Trust Cash-to-Debt Related Terms
KKR Real Estate Finance Trust Cash-to-Debt Historical Data
* 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.
For the REIT - Mortgage subindustry, KKR Real Estate Finance 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.
KKR Real Estate Finance Trust Cash-to-Debt vs REITs Industry
For the REITs industry and Real Estate sector, KKR Real Estate Finance Trust's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where KKR Real Estate Finance Trust's Cash-to-Debt falls into.
* 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.
KKR Real Estate Finance Trust (KREF) has a Cash-to-Debt of 0.02 as of Jun. 2026. This is 33% below median its historical median of 0.03. Over the past decade, KKR Real Estate Finance Trust's Cash-to-Debt has ranged from 0.01 to 0.32. According to the industry distribution chart, KKR Real Estate Finance Trust ranks #695 out of 857 companies in the REITs industry, placing it in the top 81.1%.
Is KKR Real Estate Finance Trust's Cash-to-Debt too high?
KKR Real Estate Finance Trust's current Cash-to-Debt of 0.02 is 33% below median its 10-year median of 0.03. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.32. The REITs industry median Cash-to-Debt is 0.09. KKR Real Estate Finance Trust's value of 0.02 is 77.8% below this industry median. Based on the distribution chart, KKR Real Estate Finance Trust ranks #695 out of 857 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, KKR Real Estate Finance Trust has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KKR Real Estate Finance Trust's Cash-to-Debt compare to FBRT and RWT?
According to the REITs industry distribution chart, KKR Real Estate Finance Trust ranks #695 out of 857 companies for Cash-to-Debt. This places KKR Real Estate Finance Trust in the lower half of its industry. The industry median Cash-to-Debt is 0.09. KKR Real Estate Finance Trust's value of 0.02 is 77.8% below this benchmark. Historically, KKR Real Estate Finance Trust's own Cash-to-Debt has ranged from 0.01 to 0.32 over the past decade. While the company's 10-year median is 0.03 vs. the industry median of 0.09, KKR Real Estate Finance Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a REITs company?
The median Cash-to-Debt among REITs companies is 0.09, based on 857 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. KKR Real Estate Finance Trust's current Cash-to-Debt of 0.02 is 77.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median Cash-to-Debt is 0.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KKR Real Estate Finance Trust's current Cash-to-Debt is 0.02, which is 33% below median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KKR Real Estate Finance Trust stock overvalued right now?
Based on GuruFocus' analysis, KKR Real Estate Finance Trust (KREF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.85, compared to a current price of $7.32 — trading 90.1% above its estimated fair value. The current Cash-to-Debt is 0.02, which is 33% below median its 10-year median of 0.03 and 77.8% below the REITs industry median of 0.09. KKR Real Estate Finance Trust's overall GF Score™ is 38/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For KKR Real Estate Finance Trust (KREF), the current Cash-to-Debt is 0.02 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is KKR Real Estate Finance Trust (KREF) Overvalued in 2026?
Based on GuruFocus' analysis, KKR Real Estate Finance Trust stock appears to be overvalued.
The current stock price of $7.32 is trading 90.1% above its estimated GF Value™ of $3.85.
GuruFocus considers KKR Real Estate Finance Trust to be Significantly Overvalued.
Key valuation signals for KREF:
Cash-to-Debt: 0.02 (33% below median its 10-year median of 0.03)
GF Value™: $3.85 vs. price of $7.32 (90.1% above fair value)
Industry Position: 77.8% below the REITs median (#695 of 857)
No single metric tells the full story. See the KREF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KKR Real Estate Finance Trust Business Description
KKR Real Estate Finance Trust Inc is a real estate finance company that focuses on originating and acquiring senior mortgage loans secured by CRE assets. The investment is to originate or acquire senior mortgage loans collateralized by institutional-quality CRE assets that are owned and operated by experienced and well-capitalized sponsors and located in liquid markets with underlying fundamentals. KKR manages investments across multiple asset classes, including private equity, real estates, energy, infrastructure, credit, and hedge funds. The company's investment objective is capital preservation and generating attractive risk-adjusted returns for its stockholders over the long term, through dividends.
38GF Score
Get the complete analysis for KREF
Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
KREF has been successfully added to your 
