Genesis Land Development (Genesis Land Development) Cash-to-Debt

: 0.36 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

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. Genesis Land Development's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.36.

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

GNLAF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.66 Max: 1.91
Current: 0.36

During the past 13 years, Genesis Land Development's highest Cash to Debt Ratio was 1.91. The lowest was 0.18. And the median was 0.66.

GNLAF's Cash-to-Debt is ranked better than
57.67% of 1793 companies
in the Real Estate industry
Industry Median: 0.26 vs GNLAF: 0.36

Genesis Land Development Cash-to-Debt Historical Data

The historical data trend for Genesis Land 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.

* Premium members only.

Genesis Land Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.31

1.34

1.91

0.56

0.36

Genesis Land 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																0.56	0.57	0.66	0.52	0.36

Competitive Comparison

For the Real Estate - Development subindustry, Genesis Land 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.

Genesis Land Development Cash-to-Debt Distribution

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

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

Genesis Land 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.

Genesis Land 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)
	=	27.986	/	(0	+	77.742)
	=	0.36

Genesis Land 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)
	=	27.986	/	(0	+	77.742)
	=	0.36

Genesis Land Development (OTCPK:GNLAF) 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.

Genesis Land Development Cash-to-Debt Related Terms

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

Genesis Land Development (Genesis Land Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Genesis Land Development Corp (OTCPK:GNLAF) » Definitions » Cash-to-Debt

Traded in Other Exchanges

GDC:Canada

Address

6240, 333 - 96 Avenue NE, Calgary, AB, CAN, T3K 0S3

Website

https://www.genesisland.com

Genesis Land Development Corp is a Canada-based land developer and home builder. The company is engaged in the acquisition, development, and sale of land, residential lots, and homes mainly in the greater Calgary area. The company has two business segments: Land development and Homebuilding. It earns the majority of its revenue from the home building segment.

Genesis Land Development (Genesis Land Development) Headlines

No Headlines