Premiere Island Power REIT (PHS:PREIT) Cash-to-Debt : 0.07 (As of Mar. 2024)

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What is Premiere Island Power REIT 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. Premiere Island Power REIT's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.07.

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, Premiere Island Power REIT couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Premiere Island Power REIT's Cash-to-Debt or its related term are showing as below:

PHS:PREIT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 13.29 Max: 59.64
Current: 0.07

During the past 3 years, Premiere Island Power REIT's highest Cash to Debt Ratio was 59.64. The lowest was 0.07. And the median was 13.29.

PHS:PREIT's Cash-to-Debt is ranked worse than
51.66% of 811 companies
in the REITs industry
Industry Median: 0.08 vs PHS:PREIT: 0.07

Premiere Island Power REIT Cash-to-Debt Historical Data

The historical data trend for Premiere Island Power REIT'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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Premiere Island Power REIT Cash-to-Debt Chart

Premiere Island Power REIT Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

37.59

0.69

8.37

Premiere Island Power REIT Quarterly Data
	Dec21	May22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial				36.98	18.20	7.61	8.37	0.07

Competitive Comparison of Premiere Island Power REIT's Cash-to-Debt

For the REIT - Specialty subindustry, Premiere Island Power REIT'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.

Premiere Island Power REIT's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Premiere Island Power REIT's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Premiere Island Power REIT's Cash-to-Debt falls into.

Premiere Island Power REIT 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.

Premiere Island Power REIT's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	51.89	/	(0.382	+	5.82)
	=	8.37

Premiere Island Power REIT's Cash to Debt Ratio for the quarter 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)
	=	0.411	/	(0.408	+	5.61)
	=	0.07

Premiere Island Power REIT (PHS:PREIT) 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.

Premiere Island Power REIT Cash-to-Debt Related Terms

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Premiere Island Power REIT (PHS:PREIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Premiere Island Power REIT Corp (PHS:PREIT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

CV Starr Avenue, 4th Floor Starmall IT Hub, Pamplona Dos, Philamlife Village, Las Piñas, PHL, 1747

Website

https://www.preit.com.ph

Premiere Island Power REIT Corp operates as a real estate investment trust, holding assets that operate in the power generation industry. It is formed primarily to own and invest in income-generating assets that meet the company's investment criteria. The REIT has determined that it operates as one operating segment. The REIT's only income-generating activity is the lease of its land, right-of-use asset, buildings and generation asset. The REIT derives its rental income from SIPCOR and CAMPCOR.

Premiere Island Power REIT (PHS:PREIT) Headlines

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