Barratt Developments (LSE:BDEV) Cash-to-Debt : 3.86 (As of Dec. 2023)

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What is Barratt Developments 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. Barratt Developments's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.86.

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, Barratt Developments could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

LSE:BDEV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 3.44 Max: 10.62
Current: 3.86

During the past 13 years, Barratt Developments's highest Cash to Debt Ratio was 10.62. The lowest was 0.29. And the median was 3.44.

LSE:BDEV's Cash-to-Debt is ranked better than
86.54% of 104 companies
in the Homebuilding & Construction industry
Industry Median: 0.515 vs LSE:BDEV: 3.86

Barratt Developments Cash-to-Debt Historical Data

The historical data trend for Barratt Developments'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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Barratt Developments Cash-to-Debt Chart

Barratt Developments Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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3.01

1.70

6.17

5.32

5.09

Barratt Developments Semi-Annual Data
	Jun14	Dec14	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															5.45	5.32	4.82	5.09	3.86

Competitive Comparison of Barratt Developments's Cash-to-Debt

For the Residential Construction subindustry, Barratt Developments'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.

Barratt Developments's Cash-to-Debt Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Barratt Developments's Cash-to-Debt distribution charts can be found below:

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

Barratt Developments 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.

Barratt Developments's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	1269.1	/	(16.5	+	233.1)
	=	5.08

Barratt Developments'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)
	=	949.9	/	(14.8	+	231.1)
	=	3.86

Barratt Developments (LSE:BDEV) 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.

Barratt Developments Cash-to-Debt Related Terms

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

Barratt Developments (LSE:BDEV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Barratt Developments PLC (LSE:BDEV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BTDPY:USA BTDPF:USA BDEVl:UK 3BA:Germany

Address

1st Floor, Kent House, 14 - 17 Market Place, London, GBR, W1W 8AJ

Website

https://www.barrattdevelopments.co.uk

Barratt Developments is the U.K.'s largest residential property developer by revenue and dwelling completions, marketing homes under its three brands Barratt Homes, David Wilson Homes, and Barratt London. Aligning with the typical business model employed by U.K. homebuilders, Barratt is vertically integrated through the land development, construction, and sales and marketing segments of the residential property development value chain.

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