Philippine Racing Club (PHS:PRC) Cash-to-Debt : 0.66 (As of Mar. 2024)

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What is Philippine Racing Club 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. Philippine Racing Club's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.66.

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, Philippine Racing Club couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

PHS:PRC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.62 Max: 1.47
Current: 0.66

During the past 13 years, Philippine Racing Club's highest Cash to Debt Ratio was 1.47. The lowest was 0.17. And the median was 0.62.

PHS:PRC's Cash-to-Debt is ranked better than
68.55% of 1787 companies
in the Real Estate industry
Industry Median: 0.25 vs PHS:PRC: 0.66

Philippine Racing Club Cash-to-Debt Historical Data

The historical data trend for Philippine Racing Club'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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Philippine Racing Club Cash-to-Debt Chart

Philippine Racing Club Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.74

0.71

0.95

0.81

0.72

Philippine Racing Club Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.80	0.94	0.92	0.72	0.66

Competitive Comparison of Philippine Racing Club's Cash-to-Debt

For the Real Estate - Development subindustry, Philippine Racing Club'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.

Philippine Racing Club's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Philippine Racing Club's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Philippine Racing Club's Cash-to-Debt falls into.

Philippine Racing Club 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.

Philippine Racing Club'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)
	=	502.801	/	(245.336	+	453.556)
	=	0.72

Philippine Racing Club's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	460.323	/	(248.376	+	453.556)
	=	0.66

Philippine Racing Club (PHS:PRC) 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.

Philippine Racing Club Cash-to-Debt Related Terms

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

Philippine Racing Club (PHS:PRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Philippine Racing Club Inc (PHS:PRC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saddle and Clubs Leisure Park, Barangay Sabang, Cavite, Naic, PHL, 1207

Website

http://www.prci.com.ph

Philippine Racing Club Inc is involved in the business of operating and maintaining a racetrack covered by its franchise and managing betting stations. It is also engaged in acquiring and developing real properties including but not limited to leisure, recreational and memorial parks and owning, operating, managing and/or selling real estate. The company's reportable segment involves Real Estate Operations, Club Racing Operations, and Leasing and Sale of Food, beverages, and Services. It derives key revenue from the real estate sales activity.

Philippine Racing Club (PHS:PRC) Headlines

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