LondonMetric Property (LSE:LMP) Cash-to-Debt : 0.02 (As of Sep. 2023)

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What is LondonMetric Property 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. LondonMetric Property's cash to debt ratio for the quarter that ended in Sep. 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, LondonMetric Property 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 LondonMetric Property's Cash-to-Debt or its related term are showing as below:

LSE:LMP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.12
Current: 0.02

During the past 13 years, LondonMetric Property's highest Cash to Debt Ratio was 0.12. The lowest was 0.02. And the median was 0.04.

LSE:LMP's Cash-to-Debt is ranked worse than
78.68% of 802 companies
in the REITs industry
Industry Median: 0.08 vs LSE:LMP: 0.02

LondonMetric Property Cash-to-Debt Historical Data

The historical data trend for LondonMetric Property'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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LondonMetric Property Cash-to-Debt Chart

LondonMetric Property Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.03

0.08

0.05

0.04

0.02

LondonMetric Property Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.04	0.03	0.02	0.02

Competitive Comparison of LondonMetric Property's Cash-to-Debt

For the REIT - Diversified subindustry, LondonMetric Property'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.

LondonMetric Property's Cash-to-Debt Distribution in the REITs Industry

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

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

LondonMetric Property 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.

LondonMetric Property's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	23.9	/	(65	+	951.9)
	=	0.02

LondonMetric Property'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)
	=	15.7	/	(40	+	933.3)
	=	0.02

LondonMetric Property (LSE:LMP) 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.

LondonMetric Property Cash-to-Debt Related Terms

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

LondonMetric Property (LSE:LMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » LondonMetric Property PLC (LSE:LMP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LNSPF:USA LMPl:UK

Address

One Curzon Street, London, GBR, W1J 5HB

Website

https://www.londonmetric.com

LondonMetric Property PLC is a real estate company that is engaged in property investment and development across the United Kingdom. The company focuses on properties in the retail and distribution businesses. The company categorizes its property portfolios in six segments: Distribution, retail parks, Long income, Office, Residential, and Development. The company generates its revenue mainly from contracted leases.

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