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Merlin Properties SOCIMIMPTYY 62 Cash-to-Debt is 0.31 as of Jun. 2026, which is 210% above its 10-year median of 0.10. GuruFocus rates MPTYY with a GF Score™ of 62/100 and a GF Value™ of $25.91 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 848 REITs companies, Merlin Properties SOCIMI ranks better than 68.75% 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. Merlin Properties SOCIMI's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.31.
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, Merlin Properties SOCIMIcouldn'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 Merlin Properties SOCIMI's Cash-to-Debt or its related term are showing as below:
MPTYY'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.1 Max: 0.33
Current: 0.31
During the past 13 years, Merlin Properties SOCIMI's highest Cash to Debt Ratio was 0.33. The lowest was 0.00. And the median was 0.10.
MPTYY's Cash-to-Debt is ranked better than 68.75% of 848
companies
in the REITs industry
Industry Median: 0.09
vs MPTYY: 0.31
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.
Merlin Properties SOCIMI Cash-to-Debt Related Terms
Merlin Properties SOCIMI 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 - Office subindustry, Merlin Properties SOCIMI'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.
Merlin Properties SOCIMI Cash-to-Debt vs REITs Industry
For the REITs industry and Real Estate sector, Merlin Properties SOCIMI's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Merlin Properties SOCIMI'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.
Merlin Properties SOCIMI (MPTYY) has a Cash-to-Debt of 0.31 as of Jun. 2026. This is 210% above median its historical median of 0.10. According to the industry distribution chart, Merlin Properties SOCIMI ranks #265 out of 848 companies in the REITs industry, placing it in the top 31.2%.
Is Merlin Properties SOCIMI's Cash-to-Debt too high?
Merlin Properties SOCIMI's current Cash-to-Debt of 0.31 is 210% above median its 10-year median of 0.10. The REITs industry median Cash-to-Debt is 0.09. Merlin Properties SOCIMI's value of 0.31 is 244.4% above this industry median. Based on the distribution chart, Merlin Properties SOCIMI ranks #265 out of 848 companies in the REITs industry, which is above the industry midpoint. Overall, Merlin Properties SOCIMI has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merlin Properties SOCIMI's Cash-to-Debt compare to BXP and ARE?
According to the REITs industry distribution chart, Merlin Properties SOCIMI ranks #265 out of 848 companies for Cash-to-Debt. This puts Merlin Properties SOCIMI in the upper half of its industry. The industry median Cash-to-Debt is 0.09. Merlin Properties SOCIMI's value of 0.31 is 244.4% above this benchmark. While the company's 10-year median is 0.10 vs. the industry median of 0.09, Merlin Properties SOCIMI has consistently been above 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 848 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. Merlin Properties SOCIMI's current Cash-to-Debt of 0.31 is 244.4% above 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. Merlin Properties SOCIMI's current Cash-to-Debt is 0.31, which is 210% above median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merlin Properties SOCIMI stock overvalued right now?
Based on GuruFocus' analysis, Merlin Properties SOCIMI (MPTYY) is currently considered Modestly Overvalued. The stock's GF Value™ is $25.91, compared to a current price of $32.16 — trading 24.1% above its estimated fair value. The current Cash-to-Debt is 0.31, which is 210% above median its 10-year median of 0.10 and 244.4% above the REITs industry median of 0.09. Merlin Properties SOCIMI's overall GF Score™ is 62/100 with 6 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 Merlin Properties SOCIMI (MPTYY), the current Cash-to-Debt is 0.31 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 Merlin Properties SOCIMI (MPTYY) Overvalued in 2026?
Based on GuruFocus' analysis, Merlin Properties SOCIMI stock appears to be overvalued.
The current stock price of $32.16 is trading 24.1% above its estimated GF Value™ of $25.91.
GuruFocus considers Merlin Properties SOCIMI to be Modestly Overvalued.
Key valuation signals for MPTYY:
Cash-to-Debt: 0.31 (210% above median its 10-year median of 0.10)
GF Value™: $25.91 vs. price of $32.16 (24.1% above fair value)
Industry Position: 244.4% above the REITs median (#265 of 848)
No single metric tells the full story. See the MPTYY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merlin Properties is Spain's largest listed SOCIMI/REIT, managing a EUR 12.6 billion portfolio across offices, logistics, shopping centers, and data centers. Over the coming years, it will bring 730 MW of data center capacity online, increasing its gross rental income contribution from just 6% in 2025 to 65% by 2032. Its total GRI will more than triple to EUR 1.8 billion, driven by this "Mega" plan. Additionally, it has a pipeline of 4.4 GW worth of land at varying stages of readiness it can develop.
62GF Score
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