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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. Drive Shack's cash to debt ratio for the quarter that ended in Sep. 2023 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, Drive Shack couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.
The historical rank and industry rank for Drive Shack's Cash-to-Debt or its related term are showing as below:
During the past 13 years, Drive Shack's highest Cash to Debt Ratio was 49.60. The lowest was 0.05. And the median was 0.25.
The historical data trend for Drive Shack'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.
Drive Shack Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Cash-to-Debt | Get a 7-Day Free Trial | 1.22 | 0.11 | 0.20 | 0.25 | 0.05 |
Drive Shack Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Cash-to-Debt | Get a 7-Day Free Trial | 0.05 | 0.05 | 0.07 | 0.06 | 0.05 |
For the Leisure subindustry, Drive Shack'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.
For the Travel & Leisure industry and Consumer Cyclical sector, Drive Shack's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Drive Shack's Cash-to-Debt falls into.
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.
Drive Shack's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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) | |
= | 13.976 | / | (23.707 | + | 234.885) | |
= | 0.05 |
Drive Shack's Cash to Debt Ratio for the quarter that ended in Sep. 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) | |
= | 13.81 | / | (23.642 | + | 246.697) | |
= | 0.05 |
* 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.
Drive Shack (OTCPK:DSHK) 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.
Thank you for viewing the detailed overview of Drive Shack's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
Wesley R Edens | director | 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105 |
Hana Khouri | officer: President | 218 WEST 18TH STREET, 3RD FLOOR, NEW YORK NY 10011 |
Stuart A Mcfarland | director | C/O FORTRESS INVESTMENT GROUP, 1345 AVE OF THE AMERICAS 46TH FL, NEW YORK NY 10105 |
Goodfield Lawrence A. Jr. | officer: CFO, CAO & Treasurer | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Michael Lee Nichols | officer: Chief Financial Officer | C/O DRIVE SHACK INC., 218 W. 18TH STREET, 3RD FLOOR, NEW YORK NY 10011 |
Acacia Research Corp | director | 767 3RD AVENUE, 6TH FLOOR, NEW YORK NY 10017 |
Virgis Colbert | director | 5725 DELPHI DRIVE, TROY MI 48098 |
Benjamin M Crane | director | 218 WEST 18TH STREET 3RD FLOOR, NEW YORK NY 10011 |
Clifford Press | director | 152 WEST 57TH STREET, NEW YORK NY 10019 |
David Hammarley | officer: Chief Financial Officer | 111 WEST 19TH STREET, 8TH FLOOR, NEW YORK NY 10011 |
Kenneth A May | director, officer: CEO & President | 13155 NOEL ROAD, SUITE 1600, THREE GALLERIA TOWER, DALLAS TX 75240 |
William J Clifford | director | 845 BERKSHIRE BLVD. SUITE 200, WYOMISSING PA 19610 |
Alan L. Tyson | director | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Sara A. Yakin | officer: Chief Operating Officer | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Sarah Watterson | officer: CEO & President | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
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