Heiwa Real Estate Co (TSE:8803) Cash-to-Debt : 0.13 (As of Dec. 2023)

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What is Heiwa Real Estate Co 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. Heiwa Real Estate Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.13.

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, Heiwa Real Estate Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Heiwa Real Estate Co's Cash-to-Debt or its related term are showing as below:

TSE:8803' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.12 Max: 0.16
Current: 0.13

During the past 13 years, Heiwa Real Estate Co's highest Cash to Debt Ratio was 0.16. The lowest was 0.07. And the median was 0.12.

TSE:8803's Cash-to-Debt is ranked worse than
65.18% of 1789 companies
in the Real Estate industry
Industry Median: 0.25 vs TSE:8803: 0.13

Heiwa Real Estate Co Cash-to-Debt Historical Data

The historical data trend for Heiwa Real Estate Co'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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Heiwa Real Estate Co Cash-to-Debt Chart

Heiwa Real Estate Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.16

0.14

0.13

Heiwa Real Estate Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.13	0.14	0.18	0.13	0.13

Competitive Comparison of Heiwa Real Estate Co's Cash-to-Debt

For the Real Estate - Diversified subindustry, Heiwa Real Estate Co'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.

Heiwa Real Estate Co's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Heiwa Real Estate Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Heiwa Real Estate Co's Cash-to-Debt falls into.

Heiwa Real Estate Co 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.

Heiwa Real Estate Co's Cash to Debt Ratio for the fiscal year 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)
	=	28421	/	(21105	+	201567)
	=	0.13

Heiwa Real Estate Co's Cash to Debt Ratio for the quarter 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)
	=	28084	/	(24561	+	197822)
	=	0.13

Heiwa Real Estate Co (TSE:8803) 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.

Heiwa Real Estate Co Cash-to-Debt Related Terms

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Heiwa Real Estate Co (TSE:8803) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Heiwa Real Estate Co Ltd (TSE:8803) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HZJ:Germany

Address

1-10, Nihonbashi Kabuto-cho, Chuo-ku, Tokyo, JPN, 103-8222

Website

http://www.heiwa-net.co.jp

Heiwa Real Estate Co Ltd is primarily engaged in the leasing and development of real estate properties. The company's operates three reporting segments. The leasing business consists of ownership, leasing, management, and operation of stock exchanges, offices, commercial facilities, housing, conference venues, restaurants, and others. The real estate solutions segment consists of the development, operation and management of income property; the development and sale of houses; and the brokerage of real estate. The other businesses segment manages and renovates buildings and also operates an insurance agency and a private nursing-home business.

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