China Merchants Commercial�REIT (HKSE:01503) Cash-to-Debt : 0.29 (As of Jun. 2023)

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What is China Merchants Commercial�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. China Merchants Commercial�REIT's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.29.

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, China Merchants Commercial�REIT couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for China Merchants Commercial�REIT's Cash-to-Debt or its related term are showing as below:

HKSE:01503' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 0.41 Max: No Debt
Current: 0.28

During the past 8 years, China Merchants Commercial�REIT's highest Cash to Debt Ratio was No Debt. The lowest was 0.24. And the median was 0.41.

HKSE:01503's Cash-to-Debt is ranked better than
70.4% of 804 companies
in the REITs industry
Industry Median: 0.09 vs HKSE:01503: 0.28

China Merchants Commercial�REIT Cash-to-Debt Historical Data

The historical data trend for China Merchants Commercial�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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China Merchants Commercial�REIT Cash-to-Debt Chart

China Merchants Commercial�REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.77

0.24

0.33

0.30

0.28

China Merchants Commercial�REIT Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									0.33	0.32	0.30	0.29	0.28

Competitive Comparison of China Merchants Commercial�REIT's Cash-to-Debt

For the REIT - Office subindustry, China Merchants Commercial�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.

China Merchants Commercial�REIT's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, China Merchants Commercial�REIT's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Merchants Commercial�REIT's Cash-to-Debt falls into.

China Merchants Commercial�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.

China Merchants Commercial�REIT's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	1335.593	/	(0	+	4525.642)
	=	0.30

China Merchants Commercial�REIT's Cash to Debt Ratio for the quarter 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)
	=	1270.744	/	(0	+	4432.654)
	=	0.29

China Merchants Commercial�REIT (HKSE:01503) 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.

China Merchants Commercial�REIT Cash-to-Debt Related Terms

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

China Merchants Commercial�REIT (HKSE:01503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » China Merchants Commercial�REIT (HKSE:01503) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

China Merchants Tower, Shun Tak Centre, Room 2603-2606, 26th Floor, Connaught Road Central, Hong Kong, HKG, 168-200

Website

https://www.cmcreit.com

China Merchants Commercial REIT and its subsidiaries are engaged in property investment. The operating business segments of the company are office buildings and shopping center. Its properties include New Times Plaza, Cyberport Building, Technology Building, Garden City Shopping Centre and Technology Building 2 among others.

China Merchants Commercial�REIT (HKSE:01503) Headlines

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