Safestore Holdings (LSE:SAFE) Cash-to-Debt : 0.02 (As of Oct. 2023)

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What is Safestore Holdings 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. Safestore Holdings's cash to debt ratio for the quarter that ended in Oct. 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, Safestore Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

LSE:SAFE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.16
Current: 0.02

During the past 13 years, Safestore Holdings's highest Cash to Debt Ratio was 0.16. The lowest was 0.01. And the median was 0.04.

LSE:SAFE's Cash-to-Debt is ranked worse than
78.47% of 799 companies
in the REITs industry
Industry Median: 0.08 vs LSE:SAFE: 0.02

Safestore Holdings Cash-to-Debt Historical Data

The historical data trend for Safestore Holdings'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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Safestore Holdings Cash-to-Debt Chart

Safestore Holdings Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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0.07

0.04

0.08

0.03

0.02

Safestore Holdings Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															0.08	0.07	0.03	0.02	0.02

Competitive Comparison of Safestore Holdings's Cash-to-Debt

For the REIT - Industrial subindustry, Safestore Holdings'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.

Safestore Holdings's Cash-to-Debt Distribution in the REITs Industry

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

* The bar in red indicates where Safestore Holdings's Cash-to-Debt falls into.

Safestore Holdings 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.

Safestore Holdings's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	16.9	/	(57.6	+	769.6)
	=	0.02

Safestore Holdings's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	16.9	/	(57.6	+	769.6)
	=	0.02

Safestore Holdings (LSE:SAFE) 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.

Safestore Holdings Cash-to-Debt Related Terms

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Safestore Holdings (LSE:SAFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Safestore Holdings PLC (LSE:SAFE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SFSHF:USA SAFEl:UK IHF:Germany

Address

Brittanic House, Stirling Way, Borehamwood, Hertfordshire, GBR, WD6 2BT

Website

https://www.safestore.co.uk

Safestore Holdings PLC is a real estate investment trust that owns and leases storage space located in Paris and the United Kingdom. The company focuses on the acquisition and operation of storage locations in wealthy, densely populated areas in Europe. Safestore's properties in the United Kingdom comprise the vast majority of its total holdings. The company derives the majority of its revenue from the rental of its self-storage lockers and the remaining from the sale of insurance and packaging materials. Southeast England and London account for the majority of Safestore's income. Total occupancy is split fairly evenly between individuals and businesses ranging from online retailers to large, multinational companies.