London & Associated Properties (LSE:LAS) Cash-to-Debt : 0.28 (As of Dec. 2023)

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What is London & Associated Properties 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. London & Associated Properties's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.28.

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, London & Associated Properties 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 London & Associated Properties's Cash-to-Debt or its related term are showing as below:

LSE:LAS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.2 Max: 0.39
Current: 0.28

During the past 13 years, London & Associated Properties's highest Cash to Debt Ratio was 0.39. The lowest was 0.08. And the median was 0.20.

LSE:LAS's Cash-to-Debt is ranked better than
52.55% of 1781 companies
in the Real Estate industry
Industry Median: 0.26 vs LSE:LAS: 0.28

London & Associated Properties Cash-to-Debt Historical Data

The historical data trend for London & Associated Properties'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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London & Associated Properties Cash-to-Debt Chart

London & Associated Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.32

0.18

0.21

0.39

0.28

London & Associated Properties 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															0.21	0.20	0.39	0.29	0.28

Competitive Comparison of London & Associated Properties's Cash-to-Debt

For the Real Estate Services subindustry, London & Associated Properties'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.

London & Associated Properties's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, London & Associated Properties's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where London & Associated Properties's Cash-to-Debt falls into.

London & Associated Properties 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.

London & Associated Properties's Cash to Debt Ratio for the fiscal year 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)
	=	7.712	/	(13.186	+	14.873)
	=	0.27

London & Associated Properties'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)
	=	7.712	/	(13.186	+	14.873)
	=	0.27

London & Associated Properties (LSE:LAS) 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.

London & Associated Properties Cash-to-Debt Related Terms

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

London & Associated Properties (LSE:LAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » London & Associated Properties PLC (LSE:LAS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Little Portland Street, 2nd Floor, London, GBR, W1W 8BJ

Website

https://www.lap.co.uk

London & Associated Properties PLC is a property investment company specializing in retail. It directly owns a portfolio of shopping centres and other retail property. The company also invests in joint ventures with institutional co-owners. Its business segments include LAP operations, Bisichi operations, and Dragon operations. LAP is focused on property activities but it also holds and manages investments. Bisichi is a coal mining company with operations in South Africa and also holds investment property in the UK and derives income from property rentals. Dragon Retail Property segment is a property investment company and derives its income from property rentals. All the operations function through UK region.

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