Black Sea Property (AQSE:BSP) Cash-to-Debt : 0.34 (As of Dec. 2023)

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What is Black Sea Property 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. Black Sea Property's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.34.

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, Black Sea Property 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 Black Sea Property's Cash-to-Debt or its related term are showing as below:

AQSE:BSP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.12 Max: 9.45
Current: 0.34

During the past 8 years, Black Sea Property's highest Cash to Debt Ratio was 9.45. The lowest was 0.01. And the median was 0.12.

AQSE:BSP's Cash-to-Debt is ranked better than
57.54% of 1790 companies
in the Real Estate industry
Industry Median: 0.25 vs AQSE:BSP: 0.34

Black Sea Property Cash-to-Debt Historical Data

The historical data trend for Black Sea Property'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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Black Sea Property Cash-to-Debt Chart

Black Sea Property Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

0.02

0.01

0.34

Black Sea Property Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											0.02	0.09	0.01	0.02	0.34

Competitive Comparison of Black Sea Property's Cash-to-Debt

For the Real Estate Services subindustry, Black Sea Property'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.

Black Sea Property's Cash-to-Debt Distribution in the Real Estate Industry

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

* The bar in red indicates where Black Sea Property's Cash-to-Debt falls into.

Black Sea Property 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.

Black Sea Property'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)
	=	14.844	/	(27.007	+	16.87)
	=	0.34

Black Sea Property'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)
	=	14.844	/	(27.007	+	16.87)
	=	0.34

Black Sea Property (AQSE:BSP) 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.

Black Sea Property Cash-to-Debt Related Terms

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Black Sea Property Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Black Sea Property PLC (AQSE:BSP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Victory House, Prospect Hill, 6th Floor, Douglas, IMN, IM1 1EQ

Website

https://www.blackseapropertyplc.com

Black Sea Property PLC is a real estate company focused on investments in Bulgaria. It seeks to generate capital gains through development, financing and sale of property in Bulgaria, including the prime areas of Bulgaria's Black Sea coast, the ski resorts and the capital, Sofia. The Board is seeking to create a diverse portfolio of opportunistic and value-added Bulgarian real estate assets, including development land, partially completed construction projects and completed buildings.

Black Sea Property Headlines

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