Lamda Development (LTS:0NCY) Cash-to-Debt : 0.35 (As of Dec. 2023)

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What is Lamda Development 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. Lamda Development's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.35.

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, Lamda Development 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 Lamda Development's Cash-to-Debt or its related term are showing as below:

LTS:0NCY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.39 Max: 1.36
Current: 0.35

During the past 13 years, Lamda Development's highest Cash to Debt Ratio was 1.36. The lowest was 0.15. And the median was 0.39.

LTS:0NCY's Cash-to-Debt is ranked better than
58.17% of 1786 companies
in the Real Estate industry
Industry Median: 0.25 vs LTS:0NCY: 0.35

Lamda Development Cash-to-Debt Historical Data

The historical data trend for Lamda Development'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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Lamda Development Cash-to-Debt Chart

Lamda Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.36

0.98

0.18

0.38

0.35

Lamda Development 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															0.38	0.37	0.34	0.27	0.35

Competitive Comparison of Lamda Development's Cash-to-Debt

For the Real Estate - Development subindustry, Lamda Development'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.

Lamda Development's Cash-to-Debt Distribution in the Real Estate Industry

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

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

Lamda Development 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.

Lamda Development'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)
	=	464.132	/	(389.87	+	948.527)
	=	0.35

Lamda Development'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)
	=	464.132	/	(389.87	+	948.527)
	=	0.35

Lamda Development (LTS:0NCY) 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.

Lamda Development Cash-to-Debt Related Terms

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

Lamda Development (LTS:0NCY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Lamda Development SA (LTS:0NCY) » Definitions » Cash-to-Debt

Traded in Other Exchanges

LAMDA:Greece LDQ:Germany

Address

37A Kifissias Avenue (Inside Golden Hall), Maroussi, GRC, 15123

Website

https://www.lamdadev.com

Lamda Development SA is a holding company specializing in real estate development, investment, and management. The company's development portfolio includes three commercial and leisure centers, namely The Mall Athens, Golden Hall, and Mediterranean Cosmos; office buildings, and residential complexes. The company's investment portfolio is located in Greece and is mostly in the retail industry. In addition, Lamda Development develops land, builds marinas, maintains yachts, and provides refurbishing and airport services.

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