Hankyu Hanshin REIT (TSE:8977) Cash-to-Debt : 0.07 (As of May. 2023)

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What is Hankyu Hanshin 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. Hankyu Hanshin REIT's cash to debt ratio for the quarter that ended in May. 2023 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, Hankyu Hanshin REIT couldn't pay off its debt using the cash in hand for the quarter that ended in May. 2023.

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

TSE:8977' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.17
Current: 0.07

During the past 13 years, Hankyu Hanshin REIT's highest Cash to Debt Ratio was 0.17. The lowest was 0.03. And the median was 0.07.

TSE:8977's Cash-to-Debt is ranked worse than
52.87% of 802 companies
in the REITs industry
Industry Median: 0.085 vs TSE:8977: 0.07

Hankyu Hanshin REIT Cash-to-Debt Historical Data

The historical data trend for Hankyu Hanshin 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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Hankyu Hanshin REIT Cash-to-Debt Chart

Hankyu Hanshin REIT Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Cash-to-Debt

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0.07

0.06

0.07

0.08

0.06

Hankyu Hanshin REIT Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23
Cash-to-Debt	Get a 7-Day Free Trial															0.07	0.08	0.07	0.06	0.07

Competitive Comparison of Hankyu Hanshin REIT's Cash-to-Debt

For the REIT - Diversified subindustry, Hankyu Hanshin 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.

Hankyu Hanshin REIT's Cash-to-Debt Distribution in the REITs Industry

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

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

Hankyu Hanshin 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.

Hankyu Hanshin REIT's Cash to Debt Ratio for the fiscal year that ended in Nov. 2022 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)
	=	4651.372	/	(7027.833	+	68716.848)
	=	0.06

Hankyu Hanshin REIT's Cash to Debt Ratio for the quarter that ended in May. 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)
	=	5237.982	/	(12127.833	+	68502.931)
	=	0.06

Hankyu Hanshin REIT (TSE:8977) 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.

Hankyu Hanshin REIT Cash-to-Debt Related Terms

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Hankyu Hanshin REIT (TSE:8977) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hankyu Hanshin REIT Inc (TSE:8977) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

19-19, Chayamachi, Kita-ku, Osaka, JPN, 530-0013

Website

https://www.hankyuhanshinreit.co.jp

Hankyu Hanshin REIT Inc is a real estate investment trust. The firm manages funds contributed by unitholders by investing them mainly in real estate and real estate backed securities. Its portfolio comprises retail facilities, Office use facilities and Complex facilities. The firm holds the majority of its investments in Kansai region.

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