LaSalle LOGIPORT REIT (TSE:3466) Cash-to-Debt : 0.12 (As of Aug. 2024)

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What is LaSalle LOGIPORT 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. LaSalle LOGIPORT REIT's cash to debt ratio for the quarter that ended in Aug. 2024 was 0.12.

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, LaSalle LOGIPORT REIT couldn't pay off its debt using the cash in hand for the quarter that ended in Aug. 2024.

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

TSE:3466' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.1 Max: 0.13
Current: 0.12

During the past 8 years, LaSalle LOGIPORT REIT's highest Cash to Debt Ratio was 0.13. The lowest was 0.06. And the median was 0.10.

TSE:3466's Cash-to-Debt is ranked better than
59.36% of 871 companies
in the REITs industry
Industry Median: 0.08 vs TSE:3466: 0.12

LaSalle LOGIPORT REIT Cash-to-Debt Historical Data

The historical data trend for LaSalle LOGIPORT 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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LaSalle LOGIPORT REIT Cash-to-Debt Chart

LaSalle LOGIPORT REIT Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Cash-to-Debt

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0.09

0.12

0.13

0.11

0.12

LaSalle LOGIPORT REIT Semi-Annual Data
	Mar16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Cash-to-Debt	Get a 7-Day Free Trial												0.13	0.13	0.11	0.12	0.12

Competitive Comparison of LaSalle LOGIPORT REIT's Cash-to-Debt

For the REIT - Industrial subindustry, LaSalle LOGIPORT 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.

LaSalle LOGIPORT REIT's Cash-to-Debt Distribution in the REITs Industry

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

* The bar in red indicates where LaSalle LOGIPORT REIT's Cash-to-Debt falls into.

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LaSalle LOGIPORT 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.

LaSalle LOGIPORT REIT's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	20008.21	/	(28220	+	142800)
	=	0.12

LaSalle LOGIPORT REIT's Cash to Debt Ratio for the quarter that ended in Aug. 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)
	=	20008.21	/	(28220	+	142800)
	=	0.12

LaSalle LOGIPORT REIT (TSE:3466) 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.

LaSalle LOGIPORT REIT Cash-to-Debt Related Terms

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

LaSalle LOGIPORT REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » LaSalle LOGIPORT REIT (TSE:3466) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Marunouchi, 1-11-1, Marunouchi, 14th Floor, Pacific Century Place, Chiyoda-ku, Tokyo, JPN

Website

http://www.lasalle-logiport.com

LaSalle LOGIPORT REIT is a Japan-based real estate investment trust. The company intends to invest in facilities that cater to its tenant's needs for integrated and efficient logistics operations. The majority of firm's assets are located in Tokyo area. The firm focuses on investments in prime logistics within the Tokyo and Osaka area. Its growth strategy is backed by the sponsor group's support.

LaSalle LOGIPORT REIT Headlines

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