Cromwell Property Group (ASX:CMW) Cash-to-Debt : 0.10 (As of Dec. 2023)

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What is Cromwell Property Group 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. Cromwell Property Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.10.

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, Cromwell Property Group 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 Cromwell Property Group's Cash-to-Debt or its related term are showing as below:

ASX:CMW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.09 Max: 0.23
Current: 0.1

During the past 13 years, Cromwell Property Group's highest Cash to Debt Ratio was 0.23. The lowest was 0.06. And the median was 0.09.

ASX:CMW's Cash-to-Debt is ranked better than
55.06% of 801 companies
in the REITs industry
Industry Median: 0.09 vs ASX:CMW: 0.10

Cromwell Property Group Cash-to-Debt Historical Data

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

Cromwell Property Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.08

0.09

0.07

0.13

0.06

Cromwell Property Group 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															0.06	0.13	0.06	0.06	0.10

Competitive Comparison of Cromwell Property Group's Cash-to-Debt

For the REIT - Office subindustry, Cromwell Property Group'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.

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

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

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

Cromwell Property Group 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.

Cromwell Property Group'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)
	=	113.9	/	(142.8	+	1681.3)
	=	0.06

Cromwell Property Group'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)
	=	156	/	(287.5	+	1290.5)
	=	0.10

Cromwell Property Group (ASX:CMW) 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.

Cromwell Property Group Cash-to-Debt Related Terms

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Cromwell Property Group (ASX:CMW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Cromwell Property Group (ASX:CMW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

C4Q:Germany

Address

200 Mary Street, Level 19, Brisbane, QLD, AUS, 4000

Website

https://www.cromwellpropertygroup.com

Cromwell Property Group is an internally managed Australian real estate investment trust. It owns an Australian portfolio of (mostly office) properties and also develops and manages properties on behalf of third-party investors. The group is exploring opportunities to sell some assets, and to spin out its office portfolio into a separate REIT, leaving the Cromwell business to focus more on funds management. The timetable is uncertain given high interest rates are a headwind for property sales and sentiment toward office stocks has been depressed since the rise of hybrid working.

Cromwell Property Group (ASX:CMW) Headlines

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