Tritax Big Box REIT (LSE:BBOX) Cash-to-Debt : 0.02 (As of Dec. 2023)

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What is Tritax Big Box 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. Tritax Big Box REIT'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, Tritax Big Box REIT 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 Tritax Big Box REIT's Cash-to-Debt or its related term are showing as below:

LSE:BBOX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.31
Current: 0.02

During the past 10 years, Tritax Big Box REIT's highest Cash to Debt Ratio was 0.31. The lowest was 0.02. And the median was 0.05.

LSE:BBOX's Cash-to-Debt is ranked worse than
78.75% of 800 companies
in the REITs industry
Industry Median: 0.08 vs LSE:BBOX: 0.02

Tritax Big Box REIT Cash-to-Debt Historical Data

The historical data trend for Tritax Big Box 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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Tritax Big Box REIT Cash-to-Debt Chart

Tritax Big Box REIT Annual Data

Trend

Feb13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

0.04

0.05

0.03

0.02

Tritax Big Box REIT Semi-Annual Data
	Feb13	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial														0.05	0.02	0.03	0.03	0.02

Competitive Comparison of Tritax Big Box REIT's Cash-to-Debt

For the REIT - Industrial subindustry, Tritax Big Box 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.

Tritax Big Box REIT's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Tritax Big Box REIT's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tritax Big Box REIT's Cash-to-Debt falls into.

Tritax Big Box REIT Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Tritax Big Box REIT's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	36.2	/	(0	+	1615.2)
	=	0.02

Tritax Big Box REIT's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	36.2	/	(0	+	1615.2)
	=	0.02

Tritax Big Box REIT (LSE:BBOX) 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.

Tritax Big Box REIT Cash-to-Debt Related Terms

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

Tritax Big Box REIT (LSE:BBOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tritax Big Box REIT PLC (LSE:BBOX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BBOXl:UK

Address

6 Duke Street, 3rd Floor, St. James's, London, GBR, SW1Y 6BN

Website

https://www.tritaxbigbox.co.uk

Tritax Big Box REIT PLC is a UK based real estate investment trust. With the focus on the acquisition and management of large-scale logistics real estate Tritax operates in the Investment Property segment. It owns and operates big boxes stores which also serves as the breakdown point for bulk palleted deliveries and are often port-centric in their location focus. The customers it caters operate in the business of retail, logistics, consumer products and automotive.

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