Front Yard Residential (Front Yard Residential) Cash-to-Debt : 0.05 (As of Sep. 2020)

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What is Front Yard Residential 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. Front Yard Residential's cash to debt ratio for the quarter that ended in Sep. 2020 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, Front Yard Residential couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2020.

The historical rank and industry rank for Front Yard Residential's Cash-to-Debt or its related term are showing as below:

RESI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.07 Max: No Debt
Current: 0.05

During the past 8 years, Front Yard Residential's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.07.

RESI's Cash-to-Debt is not ranked
in the REITs industry.
Industry Median: 0.09 vs RESI: 0.05

Front Yard Residential Cash-to-Debt Historical Data

The historical data trend for Front Yard Residential'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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Front Yard Residential Cash-to-Debt Chart

Front Yard Residential Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash-to-Debt

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0.09

0.08

0.09

0.03

Front Yard Residential Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Cash-to-Debt	Get a 7-Day Free Trial															0.03	0.03	0.02	0.07	0.05

Competitive Comparison of Front Yard Residential's Cash-to-Debt

For the REIT - Residential subindustry, Front Yard Residential'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.

Front Yard Residential's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Front Yard Residential's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Front Yard Residential's Cash-to-Debt falls into.

Front Yard Residential 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.

Front Yard Residential's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 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)
	=	43.727	/	(0	+	1644.23)
	=	0.03

Front Yard Residential's Cash to Debt Ratio for the quarter that ended in Sep. 2020 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)
	=	84.418	/	(0	+	1620.968)
	=	0.05

Front Yard Residential (NYSE:RESI) 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.

Front Yard Residential Cash-to-Debt Related Terms

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

Front Yard Residential (Front Yard Residential) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Front Yard Residential Corp (NYSE:RESI) » Definitions » Cash-to-Debt

Comparable Companies

APTS SNR UMH BRT BRG NXRT IRET IRT AVB EQR ESS INVH SUI MAA ELS UDR CPT AMH TSX:CAR.UN AIV

Traded in Other Exchanges

N/A

Address

c/o Altisource Asset Management Corporation, 5100 Tamarind Reef, Christiansted, VIR, 00820

Website

https://www.frontyardresidential.com

Front Yard Residential Corp is a real estate investment trust, which focuses on acquiring, owning and managing single-family rental properties throughout the United States. It acquires its single-family rental properties through the acquisition of sub-performing and non-performing loan portfolios. The company is managed by Altisource Asset Management Corporation, which has a management team with extensive industry experience in real estate, non-performing loan portfolios, and mortgage loan servicing. Geographically the firm has its property portfolio across the region of Alabama, Georgia, Hawaii, Louisiana, New Jersey, Pennsylvania, Texas, New York, Kentucky and in many other regions.

Executives

Agatecreek Llc	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Scott Edward Burg	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Deer Park Road Management Company, Lp	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Deer Park Road Management Gp, Llc	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Deer Park Road Corp	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Michael David Craig-scheckman	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
George G Ellison	director, officer: Chief Executive Officer	402 STRAND STREET, FREDERIKSTED VI 00840-3531
Leland Abrams	director	C/O FRONT YARD RESIDENTIAL CORPORATION 5100 TAMARIND REEF CHRISTIANSTED VI 00820
Lazar Nikolic	director	C/O FRONT YARD RESIDENTIAL CORPORATION 5100 TAMARIND REEF CHRISTIANSTED VI 00820
George Whitfield Mcdowell	director	C/O FRONT YARD RESIDENTIAL CORPORATION 5100 TAMARIND REEF CHRISTIANSTED VI 00820
Wade J. Henderson	director	C/O ALTISOURCE RESIDENTIAL CORPORATION 36C STRAND STREET CHRISTIANSTED VI 00820
Rochelle R. Dobbs	director	C/O ALTISOURCE RESIDENTIAL CORPORATION 36C STRAND STREET CHRISTIANSTED VI 00820
Michael Graham Lubin	officer: General Counsel and Secretary	C/O ALTISOURCE ASSET MANAGEMENT 36C STRAND STREET CHRISTIANSTED VI 00820
Michael A. Eruzione	director	402 STRAND STREET, C/O AAMC FREDERIKSTED, ST. CROIX VI 00840
Rene Dittrich	officer: Chief Accounting Officer	C/O ALTISOURCE ASSET MANAGEMENT, 36C STRAND STREET, CHRISTIANSTED VI 00820