Dream Industrial Real Estate Investment Trust (TSX:DIR.UN) 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. Dream Industrial 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, Dream Industrial 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 Dream Industrial Real Estate Investment Trust's Cash-to-Debt or its related term are showing as below:

TSX:DIR.UN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.44
Current: 0.02

During the past 12 years, Dream Industrial Real Estate Investment Trust's highest Cash to Debt Ratio was 0.44. The lowest was 0.00. And the median was 0.04.

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

Dream Industrial Real Estate Investment Trust Cash-to-Debt Historical Data

The historical data trend for Dream Industrial 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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Dream Industrial Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.44

0.20

0.08

0.04

0.02

Dream Industrial 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																0.04	0.03	0.02	0.02	0.02

Competitive Comparison

For the REIT - Industrial subindustry, Dream Industrial 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.

Dream Industrial Real Estate Investment Trust Cash-to-Debt Distribution

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

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

Dream Industrial 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.

Dream Industrial 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)
	=	49.916	/	(310.277	+	2548.828)
	=	0.02

Dream Industrial 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)
	=	49.916	/	(310.277	+	2548.828)
	=	0.02

Dream Industrial Real Estate Investment Trust (TSX:DIR.UN) 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.

Dream Industrial Real Estate Investment Trust Cash-to-Debt Related Terms

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Dream Industrial Real Estate Investment Trust (TSX:DIR.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dream Industrial Real Estate Investment Trust (TSX:DIR.UN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DREUF:USA

Address

30 Adelaide Street East, Suite 301, Toronto, ON, CAN, M5C 3H1

Website

https://www.dreamindustrialreit.ca

Dream Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. Its portfolio comprises industrial properties located in key markets across Canada, Europe and the USA. Its objective is to build upon and grow its portfolio and to provide stable and sustainable cash distributions to its unitholders. Geographically the business is organized into Ontario, Quebec, Western Canada, Europe and the USA. Substantial revenue is derived from the European portfolio.

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