Flagship Communities REIT (TSX:MHC.U) Cash-to-Debt : 0.05 (As of Mar. 2024)

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What is Flagship Communities REIT 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. Flagship Communities REIT's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.05.

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, Flagship Communities REIT couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Flagship Communities REIT's Cash-to-Debt or its related term are showing as below:

TSX:MHC.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.36
Current: 0.05

During the past 6 years, Flagship Communities REIT's highest Cash to Debt Ratio was 0.36. The lowest was 0.02. And the median was 0.05.

TSX:MHC.U's Cash-to-Debt is ranked worse than
61.67% of 801 companies
in the REITs industry
Industry Median: 0.08 vs TSX:MHC.U: 0.05

Flagship Communities REIT Cash-to-Debt Historical Data

The historical data trend for Flagship Communities REIT'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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Flagship Communities REIT Cash-to-Debt Chart

Flagship Communities REIT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.03

0.05

0.06

0.05

0.02

Flagship Communities REIT Quarterly Data
	Dec18	Jun19	Dec19	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														0.08	0.02	0.02	0.02	0.05

Competitive Comparison of Flagship Communities REIT's Cash-to-Debt

For the REIT - Residential subindustry, Flagship Communities REIT'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.

Flagship Communities REIT's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Flagship Communities REIT's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Flagship Communities REIT's Cash-to-Debt falls into.

Flagship Communities REIT 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.

Flagship Communities REIT'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)
	=	7.814	/	(31.521	+	331.848)
	=	0.02

Flagship Communities REIT'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)
	=	17.876	/	(0.285	+	376.913)
	=	0.05

Flagship Communities REIT (TSX:MHC.U) 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.

Flagship Communities REIT Cash-to-Debt Related Terms

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

Flagship Communities REIT (TSX:MHC.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Flagship Communities REIT (TSX:MHC.U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MHCUF:USA MHC.UN:Canada

Address

467 Erlanger Road, Erlanger, KY, USA, 41018

Website

https://www.flagshipcommunities.com

Flagship Communities REIT is an open-ended real estate investment trust. It is formed for the purpose of owning and operating a portfolio of income-producing manufactured housing communities and related assets. The objective of the trust is to provide unitholders with predictable, sustainable and growing cash distributions. The company owns, manages and operates multifamily properties located in the United States.

Flagship Communities REIT (TSX:MHC.U) Headlines

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