LEG Immobilien SE (LEG Immobilien SE) Cash-to-Debt : 0.03 (As of Dec. 2023)

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What is LEG Immobilien SE 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. LEG Immobilien SE's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.03.

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, LEG Immobilien SE 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 LEG Immobilien SE's Cash-to-Debt or its related term are showing as below:

LEGIF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: No Debt
Current: 0.03

During the past 13 years, LEG Immobilien SE's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 0.07.

LEGIF's Cash-to-Debt is ranked worse than
87.77% of 1790 companies
in the Real Estate industry
Industry Median: 0.26 vs LEGIF: 0.03

LEG Immobilien SE Cash-to-Debt Historical Data

The historical data trend for LEG Immobilien SE'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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LEG Immobilien SE Cash-to-Debt Chart

LEG Immobilien SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.09

No Debt

0.08

0.04

0.03

LEG Immobilien SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.04	No Debt	No Debt	No Debt	0.03

Competitive Comparison of LEG Immobilien SE's Cash-to-Debt

For the Real Estate Services subindustry, LEG Immobilien SE'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.

LEG Immobilien SE's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, LEG Immobilien SE's Cash-to-Debt distribution charts can be found below:

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

LEG Immobilien SE 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.

LEG Immobilien SE'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)
	=	300.218	/	(486.041	+	9738.386)
	=	0.03

LEG Immobilien SE'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)
	=	300.218	/	(486.041	+	9738.386)
	=	0.03

LEG Immobilien SE (OTCPK:LEGIF) 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.

LEG Immobilien SE Cash-to-Debt Related Terms

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LEG Immobilien SE (LEG Immobilien SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » LEG Immobilien SE (OTCPK:LEGIF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1LEG:Italy LEGd:UK LEG:Germany LEG:Austria

Address

Flughafenstrasse 99, Dusseldorf, NW, DEU, D-40474

Website

http://www.leg.ag

LEG Immobilien SE is a general real estate company. The company's portfolio consists primarily of residential units, followed by garages, parking spaces, and commercial units. The business model is supplemented by the targeted development of innovative value-added services. LEG is primarily focused on the German market of the North Rhine-Westphalia region. The company divides its portfolio into three groups: high growth markets, stable markets, and higher-yielding markets. LEG considers merger and acquisition investment as a potential component of its operational growth strategy.