Polaris Capital PCL (BKK:POLAR-R) Cash-to-Debt : 98.77 (As of Mar. 2024)

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What is Polaris Capital PCL 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. Polaris Capital PCL's cash to debt ratio for the quarter that ended in Mar. 2024 was 98.77.

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, Polaris Capital PCL could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BKK:POLAR-R' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 1.89 Max: 420.68
Current: 98.77

During the past 13 years, Polaris Capital PCL's highest Cash to Debt Ratio was 420.68. The lowest was 0.01. And the median was 1.89.

BKK:POLAR-R's Cash-to-Debt is not ranked
in the Real Estate industry.
Industry Median: 0.25 vs BKK:POLAR-R: 98.77

Polaris Capital PCL Cash-to-Debt Historical Data

The historical data trend for Polaris Capital PCL'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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Polaris Capital PCL Cash-to-Debt Chart

Polaris Capital PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

420.68

83.30

Polaris Capital PCL 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															0.79	0.82	0.70	83.30	98.77

Competitive Comparison of Polaris Capital PCL's Cash-to-Debt

For the Real Estate - Diversified subindustry, Polaris Capital PCL'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.

Polaris Capital PCL's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Polaris Capital PCL's Cash-to-Debt distribution charts can be found below:

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

Polaris Capital PCL 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.

Polaris Capital PCL'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)
	=	90.049	/	(0.398	+	0.683)
	=	83.30

Polaris Capital PCL'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)
	=	96.988	/	(0.4	+	0.582)
	=	98.77

Polaris Capital PCL (BKK:POLAR-R) 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.

Polaris Capital PCL Cash-to-Debt Related Terms

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

Polaris Capital PCL (BKK:POLAR-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Polaris Capital PCL (BKK:POLAR-R) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

503/34 KSL TOWER, Sriayudhya Road , 18th Floor, Rajathevi District, Bangkok, THA

Website

http://www.polariscap.co.th

Polaris Capital PCL is engaged in the development and sale of real estate properties. The company is engaged in property development for sales business and bitcoin mining machine rental business. The company holds an interest in projects such as The Clover Phuket, Clover Ladprao 83 and Living Nararungsit. Geographically, it operates through the region of Thailand.

Polaris Capital PCL (BKK:POLAR-R) Headlines

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