GRIT Real Estateome Group (LSE:GR1T) Cash-to-Debt : 0.02 (As of Dec. 2023)

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What is GRIT Real Estateome 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. GRIT Real Estateome Group's cash to debt ratio for the quarter that ended in Dec. 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, GRIT Real Estateome 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 GRIT Real Estateome Group's Cash-to-Debt or its related term are showing as below:

LSE:GR1T' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.11
Current: 0.02

During the past 11 years, GRIT Real Estateome Group's highest Cash to Debt Ratio was 0.11. The lowest was 0.01. And the median was 0.03.

LSE:GR1T's Cash-to-Debt is ranked worse than
91.94% of 1786 companies
in the Real Estate industry
Industry Median: 0.25 vs LSE:GR1T: 0.02

GRIT Real Estateome Group Cash-to-Debt Historical Data

The historical data trend for GRIT Real Estateome 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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GRIT Real Estateome Group Cash-to-Debt Chart

GRIT Real Estateome Group Annual Data

Trend

Aug13

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.04

0.01

0.06

0.02

GRIT Real Estateome Group Semi-Annual Data
	Aug13	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															0.09	0.06	0.03	0.02	0.02

Competitive Comparison of GRIT Real Estateome Group's Cash-to-Debt

For the Real Estate Services subindustry, GRIT Real Estateome 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.

GRIT Real Estateome Group's Cash-to-Debt Distribution in the Real Estate Industry

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

* The bar in red indicates where GRIT Real Estateome Group's Cash-to-Debt falls into.

GRIT Real Estateome 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.

GRIT Real Estateome 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)
	=	7.292	/	(75.066	+	288.855)
	=	0.02

GRIT Real Estateome 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)
	=	5.353	/	(48.748	+	314.116)
	=	0.01

GRIT Real Estateome Group (LSE:GR1T) 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.

GRIT Real Estateome Group Cash-to-Debt Related Terms

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GRIT Real Estateome Group (LSE:GR1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » GRIT Real Estate Income Group Ltd (LSE:GR1T) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DEL.N0000:Mauritius

Address

The Precinct,, M2 Junction, B11 Fond du Sac Road, Grand Baie, MUS, 31301

Website

https://www.grit.group

GRIT Real Estate Income Group Ltd is a real estate income group operating in selected African countries that invest in real estate assets. Its geographical segments include Botswana, Senegal, Morocco, Mozambique, Zambia, Kenya, Ghana, and Mauritius.

GRIT Real Estateome Group (LSE:GR1T) Headlines

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