Artis Real Estate Investment Trust (TSX:AX.PR.A.PFD) Cash-to-Debt

: 0.02 (As of Dec. 2023)

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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. Artis Real Estate Investment Trust'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, Artis Real Estate Investment Trust 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 Artis Real Estate Investment Trust's Cash-to-Debt or its related term are showing as below:

TSX:AX.PR.A.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.11
Current: 0.02

During the past 13 years, Artis Real Estate Investment Trust's highest Cash to Debt Ratio was 0.11. The lowest was 0.01. And the median was 0.02.

TSX:AX.PR.A.PFD's Cash-to-Debt is ranked worse than
78.11% of 804 companies
in the REITs industry
Industry Median: 0.09 vs TSX:AX.PR.A.PFD: 0.02

Artis Real Estate Investment Trust Cash-to-Debt Historical Data

The historical data trend for Artis Real Estate Investment Trust'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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Artis Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.02

0.01

0.11

0.01

0.02

Artis Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.01	0.02	0.02	0.02	0.02

Competitive Comparison

For the REIT - Diversified subindustry, Artis Real Estate Investment Trust'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.

Artis Real Estate Investment Trust Cash-to-Debt Distribution

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

* The bar in red indicates where Artis Real Estate Investment Trust's Cash-to-Debt falls into.

Artis Real Estate Investment Trust 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.

Artis Real Estate Investment Trust's Cash to Debt Ratio for the fiscal year 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)
	=	28.94	/	(863.233	+	1042.309)
	=	0.02

Artis Real Estate Investment Trust'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)
	=	28.94	/	(863.233	+	1042.309)
	=	0.02

Artis Real Estate Investment Trust (TSX:AX.PR.A.PFD) 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.

Artis Real Estate Investment Trust Cash-to-Debt Related Terms

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

Artis Real Estate Investment Trust (TSX:AX.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Artis Real Estate Investment Trust (TSX:AX.PR.A.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ARESF:USA AX.PR.I.PFD:Canada AX.UN:Canada AX.PR.E.PFD:Canada

Address

220 Portage Avenue, Suite 600, Winnipeg, MB, CAN, R3C 0A5

Website

https://www.artisreit.com

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and selects markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into three categories: office, retail, and industrial. The industrial properties account for most of the portfolio, followed by the office properties and the retail properties.

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