Real Estate Split (TSX:RS) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Real Estate Split 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. Real Estate Split's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Real Estate Split could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

The historical rank and industry rank for Real Estate Split's Cash-to-Debt or its related term are showing as below:

TSX:RS' s Cash-to-Debt Range Over the Past 10 Years
Min: 156.52 Med: 5120.61 Max: No Debt
Current: 298.6

During the past 4 years, Real Estate Split's highest Cash to Debt Ratio was No Debt. The lowest was 156.52. And the median was 5120.61.

TSX:RS's Cash-to-Debt is ranked better than
62.51% of 1475 companies
in the Asset Management industry
Industry Median: 5.5 vs TSX:RS: 298.60

Real Estate Split Cash-to-Debt Historical Data

The historical data trend for Real Estate Split'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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Real Estate Split Cash-to-Debt Chart

Real Estate Split Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

156.52

241.22

No Debt

Real Estate Split Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			156.52	198.52	241.22	273.01	No Debt

Competitive Comparison of Real Estate Split's Cash-to-Debt

For the Asset Management subindustry, Real Estate Split'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.

Real Estate Split's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Real Estate Split's Cash-to-Debt distribution charts can be found below:

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

Real Estate Split 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.

Real Estate Split's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Real Estate Split had no debt ⁽¹⁾.

Real Estate Split's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Real Estate Split had no debt ⁽¹⁾.

Real Estate Split (TSX:RS) 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.

Real Estate Split Cash-to-Debt Related Terms

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

Real Estate Split (TSX:RS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Real Estate Split Corp (TSX:RS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RS.PR.A.PFD:Canada

Address

8 Spadina Avenue, Suite 3100, Toronto, ON, CAN, M5V 0S8

Website

https://www.middlefield.com

Real Estate Split Corp invests in a diversified, actively managed, high conviction portfolio of Real Estate Issuers engaged in e-commerce, data infrastructure as well as the multi-family, retail, office and healthcare sectors.