Element Lifestyle Retirement (TSXV:ELM) Cash-to-Debt : 0.01 (As of Feb. 2024)

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What is Element Lifestyle Retirement 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. Element Lifestyle Retirement's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.01.

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, Element Lifestyle Retirement couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TSXV:ELM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.32 Max: No Debt
Current: 0.01

During the past 13 years, Element Lifestyle Retirement's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.32.

TSXV:ELM's Cash-to-Debt is ranked worse than
96.41% of 668 companies
in the Healthcare Providers & Services industry
Industry Median: 0.69 vs TSXV:ELM: 0.01

Element Lifestyle Retirement Cash-to-Debt Historical Data

The historical data trend for Element Lifestyle Retirement'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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Element Lifestyle Retirement Cash-to-Debt Chart

Element Lifestyle Retirement Annual Data

Trend

Mar14

Mar15

May16

May17

May18

May19

May20

May21

May22

May23

Cash-to-Debt

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1.39

0.16

0.05

0.10

0.11

Element Lifestyle Retirement Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.12	0.11	0.04	0.01	0.01

Competitive Comparison of Element Lifestyle Retirement's Cash-to-Debt

For the Medical Care Facilities subindustry, Element Lifestyle Retirement'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.

Element Lifestyle Retirement's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Element Lifestyle Retirement's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Element Lifestyle Retirement's Cash-to-Debt falls into.

Element Lifestyle Retirement 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.

Element Lifestyle Retirement's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	0.189	/	(0	+	1.733)
	=	0.11

Element Lifestyle Retirement's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	0.009	/	(0	+	1.893)
	=	0.00

Element Lifestyle Retirement (TSXV:ELM) 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.

Element Lifestyle Retirement Cash-to-Debt Related Terms

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

Element Lifestyle Retirement (TSXV:ELM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Element Lifestyle Retirement Inc (TSXV:ELM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

438 West King Edward Avenue, Vancouver, BC, CAN, V5Y 0M5

Website

https://www.elementlifestyleretirement.com

Element Lifestyle Retirement Inc is a Canada based company that operates retirement communities. The company provides specialized development expertise and flexible, management services for senior retirement communities. Its consulting services include property selection, assembly, and acquisition; municipal approval and land entitlement processes; financing; marketing, sales and leasing, and construction project management.

Element Lifestyle Retirement (TSXV:ELM) Headlines

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