Mitsubishi Estate Logistics REIT Investment (TSE:3481) Cash-to-Debt : 0.04 (As of Aug. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Mitsubishi Estate Logistics REIT Investment 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. Mitsubishi Estate Logistics REIT Investment's cash to debt ratio for the quarter that ended in Aug. 2023 was 0.04.

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, Mitsubishi Estate Logistics REIT Investment couldn't pay off its debt using the cash in hand for the quarter that ended in Aug. 2023.

The historical rank and industry rank for Mitsubishi Estate Logistics REIT Investment's Cash-to-Debt or its related term are showing as below:

TSE:3481' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.08 Max: 0.11
Current: 0.04

During the past 7 years, Mitsubishi Estate Logistics REIT Investment's highest Cash to Debt Ratio was 0.11. The lowest was 0.04. And the median was 0.08.

TSE:3481's Cash-to-Debt is ranked worse than
66.17% of 807 companies
in the REITs industry
Industry Median: 0.08 vs TSE:3481: 0.04

Mitsubishi Estate Logistics REIT Investment Cash-to-Debt Historical Data

The historical data trend for Mitsubishi Estate Logistics REIT Investment'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.

* Premium members only.

Mitsubishi Estate Logistics REIT Investment Cash-to-Debt Chart

Mitsubishi Estate Logistics REIT Investment Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

Get a 7-Day Free Trial

0.11

0.10

0.08

0.05

0.04

Mitsubishi Estate Logistics REIT Investment Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial									0.09	0.05	0.04	0.04	N/A

Competitive Comparison of Mitsubishi Estate Logistics REIT Investment's Cash-to-Debt

For the REIT - Industrial subindustry, Mitsubishi Estate Logistics REIT Investment'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.

Mitsubishi Estate Logistics REIT Investment's Cash-to-Debt Distribution in the REITs Industry

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

* The bar in red indicates where Mitsubishi Estate Logistics REIT Investment's Cash-to-Debt falls into.

Mitsubishi Estate Logistics REIT Investment 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.

Mitsubishi Estate Logistics REIT Investment'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)
	=	4493.995	/	(4780	+	98404)
	=	0.04

Mitsubishi Estate Logistics REIT Investment's Cash to Debt Ratio for the quarter 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)
	=	4493.995	/	(4780	+	98404)
	=	0.04

Mitsubishi Estate Logistics REIT Investment (TSE:3481) 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.

Mitsubishi Estate Logistics REIT Investment Cash-to-Debt Related Terms

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

Mitsubishi Estate Logistics REIT Investment (TSE:3481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mitsubishi Estate Logistics REIT Investment Corp (TSE:3481) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-5-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

https://mel-reit.co.jp

Mitsubishi Estate Logistics REIT Investment Corp operates as a real estate investment trust with logistics facilities as its main investment target. Its portfolio consists of eight properties mainly located in Tokyo metropolitan area.

Mitsubishi Estate Logistics REIT Investment (TSE:3481) Headlines

No Headlines