Empiric Student Property (LSE:ESP) Cash-to-Debt : 0.11 (As of Dec. 2023)

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What is Empiric Student Property 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. Empiric Student Property's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.11.

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

LSE:ESP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.11 Max: 1.07
Current: 0.11

During the past 9 years, Empiric Student Property's highest Cash to Debt Ratio was 1.07. The lowest was 0.05. And the median was 0.11.

LSE:ESP's Cash-to-Debt is ranked better than
59.82% of 799 companies
in the REITs industry
Industry Median: 0.08 vs LSE:ESP: 0.11

Empiric Student Property Cash-to-Debt Historical Data

The historical data trend for Empiric Student Property'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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Empiric Student Property Cash-to-Debt Chart

Empiric Student Property Annual Data

Trend

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.05

0.09

0.10

0.14

0.11

Empiric Student Property Semi-Annual Data
	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												0.10	0.13	0.14	0.11	0.11

Competitive Comparison of Empiric Student Property's Cash-to-Debt

For the REIT - Residential subindustry, Empiric Student Property'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.

Empiric Student Property's Cash-to-Debt Distribution in the REITs Industry

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

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

Empiric Student Property 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.

Empiric Student Property'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)
	=	40.5	/	(56.6	+	301.2)
	=	0.11

Empiric Student Property'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)
	=	40.5	/	(56.6	+	301.2)
	=	0.11

Empiric Student Property (LSE:ESP) 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.

Empiric Student Property Cash-to-Debt Related Terms

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Empiric Student Property (LSE:ESP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Empiric Student Property PLC (LSE:ESP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

72 Borough High Street, 1st Floor Hop Yard Studios, London, GBR, SE1 1XF

Website

https://www.ambipar.com

Empiric Student Property PLC is a real estate company. It is engaged in investing in and managing premium purpose-built student accommodation in central locations in prime university cities and towns in the United Kingdom. Its investment portfolio includes Centro Court, Canal Bridge, Brook Studios, James House, and Edge Apartments among others. The company earns operating revenue from student accommodation rental.