Firm Capital Apartment REIT (TSXV:FCA.UN) Cash-to-Debt : 0.31 (As of Sep. 2023)

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What is Firm Capital Apartment 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. Firm Capital Apartment REIT's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.31.

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, Firm Capital Apartment REIT couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Firm Capital Apartment REIT's Cash-to-Debt or its related term are showing as below:

TSXV:FCA.UN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: No Debt
Current: 0.31

During the past 13 years, Firm Capital Apartment REIT's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.04.

TSXV:FCA.UN's Cash-to-Debt is ranked better than
71.39% of 804 companies
in the REITs industry
Industry Median: 0.09 vs TSXV:FCA.UN: 0.31

Firm Capital Apartment REIT Cash-to-Debt Historical Data

The historical data trend for Firm Capital Apartment 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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Firm Capital Apartment REIT Cash-to-Debt Chart

Firm Capital Apartment REIT Annual Data

Trend

Apr13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.12

0.20

0.10

0.09

0.01

Firm Capital Apartment REIT Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.31

Competitive Comparison of Firm Capital Apartment REIT's Cash-to-Debt

For the REIT - Residential subindustry, Firm Capital Apartment 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.

Firm Capital Apartment REIT's Cash-to-Debt Distribution in the REITs Industry

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

* The bar in red indicates where Firm Capital Apartment REIT's Cash-to-Debt falls into.

Firm Capital Apartment 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.

Firm Capital Apartment 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)
	=	1.111	/	(40.315	+	79.274)
	=	0.01

Firm Capital Apartment REIT's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	18.934	/	(30.223	+	31.002)
	=	0.31

Firm Capital Apartment REIT (TSXV:FCA.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.

Firm Capital Apartment REIT Cash-to-Debt Related Terms

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

Firm Capital Apartment REIT (TSXV:FCA.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Firm Capital Apartment REIT (TSXV:FCA.UN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FCA.U:Canada

Address

163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5

Website

https://www.firmcapital.com

Firm Capital Apartment REIT is a multi-residential real estate investment entity that pursues real estate and debt investments through two platforms namely Income Producing Real Estate Investments that acquire income-producing real estate assets in cities across the United States, and Mortgage Debt Investments that provide multi-residential real estate debt and equity lending platform in cities across the United States focused on providing all forms of bridge mortgage loans and joint venture capital. The Trust has a portfolio in two geographical areas; the U.S. Sunbelt which includes properties in Texas, Florida and Georgia. This represents 67% of the Investment Portfolio. The U.S. Northeast includes properties in New York, New Jersey, Maryland, and Connecticut.

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