Persimmon (LSE:PSN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Persimmon 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. Persimmon's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Persimmon could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

LSE:PSN' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Persimmon's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:PSN's Cash-to-Debt is ranked better than
99.07% of 107 companies
in the Homebuilding & Construction industry
Industry Median: 0.51 vs LSE:PSN: No Debt

Persimmon Cash-to-Debt Historical Data

The historical data trend for Persimmon'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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Persimmon Cash-to-Debt Chart

Persimmon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Persimmon 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Persimmon's Cash-to-Debt

For the Residential Construction subindustry, Persimmon'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.

Persimmon's Cash-to-Debt Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Persimmon's Cash-to-Debt distribution charts can be found below:

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

Persimmon 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.

Persimmon's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Persimmon had no debt ⁽¹⁾.

Persimmon's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Persimmon had no debt ⁽¹⁾.

Persimmon (LSE:PSN) 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.

Persimmon Cash-to-Debt Related Terms

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Persimmon (LSE:PSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Persimmon PLC (LSE:PSN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PSMMY:USA PSNl:UK OHP:Germany

Address

Persimmon House, Fulford, York, GBR, YO19 4FE

Website

https://www.persimmonhomes.com/corporate

Persimmon is the U.K.'s second largest residential property developer by revenue and dwelling completions, marketing homes under its three brands: Persimmon Homes, Charles Church, and Westbury Partnerships. Persimmon largely caters to the lower-priced segment of the newbuild market, attracting more first-time homebuyers than any of its peer homebuilders. Aligning with the typical business model employed by U.K. homebuilders, Persimmon is a vertically integrated speculative homebuilder.