Centuria Office REIT (ASX:COF) Cash-to-Debt : 0.02 (As of Dec. 2023)

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What is Centuria Office 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. Centuria Office REIT's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.02.

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, Centuria Office REIT 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 Centuria Office REIT's Cash-to-Debt or its related term are showing as below:

ASX:COF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.16
Current: 0.02

During the past 9 years, Centuria Office REIT's highest Cash to Debt Ratio was 0.16. The lowest was 0.02. And the median was 0.04.

ASX:COF's Cash-to-Debt is ranked worse than
79.3% of 797 companies
in the REITs industry
Industry Median: 0.08 vs ASX:COF: 0.02

Centuria Office REIT Cash-to-Debt Historical Data

The historical data trend for Centuria Office 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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Centuria Office REIT Cash-to-Debt Chart

Centuria Office REIT Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

0.04

0.02

0.03

0.02

Centuria Office REIT Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial														0.12	0.03	0.02	0.02	0.02

Competitive Comparison of Centuria Office REIT's Cash-to-Debt

For the REIT - Office subindustry, Centuria Office 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.

Centuria Office REIT's Cash-to-Debt Distribution in the REITs Industry

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

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

Centuria Office 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.

Centuria Office REIT's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	17.287	/	(0	+	926.124)
	=	0.02

Centuria Office REIT'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)
	=	19.898	/	(0	+	923.869)
	=	0.02

Centuria Office REIT (ASX:COF) 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.

Centuria Office REIT Cash-to-Debt Related Terms

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Centuria Office REIT (ASX:COF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Centuria Office REIT (ASX:COF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Chifley Square, Level 41, Chifley Tower, Sydney, NSW, AUS, 2000

Website

https://www.centuria.com.au

Centuria Office REIT is an Australia-based pure-play office REIT. The company owns a portfolio of assets situated in core office markets throughout Australia. COF is overseen by a hands-on, active manager and provides investors with income and the opportunity for capital growth from a pure play portfolio of high-quality Australian office assets.