Palatium Real Estate AG (HAM:VVX1.PFD) Cash-to-Debt : 6.63 (As of Dec. 2022)

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What is Palatium Real Estate AG 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. Palatium Real Estate AG's cash to debt ratio for the quarter that ended in Dec. 2022 was 6.63.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Palatium Real Estate AG could pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

The historical rank and industry rank for Palatium Real Estate AG's Cash-to-Debt or its related term are showing as below:

HAM:VVX1.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.25 Med: 5.56 Max: 6.63
Current: 6.63

During the past 12 years, Palatium Real Estate AG's highest Cash to Debt Ratio was 6.63. The lowest was 2.25. And the median was 5.56.

HAM:VVX1.PFD's Cash-to-Debt is not ranked
in the Real Estate industry.
Industry Median: 0.26 vs HAM:VVX1.PFD: 6.63

Palatium Real Estate AG Cash-to-Debt Historical Data

The historical data trend for Palatium Real Estate AG'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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Palatium Real Estate AG Cash-to-Debt Chart

Palatium Real Estate AG Annual Data

Trend

Dec10

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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5.56

5.85

6.13

6.33

6.63

Palatium Real Estate AG Semi-Annual Data
	Dec08	Dec09	Dec10	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Cash-to-Debt	Get a 7-Day Free Trial							5.56	5.85	6.13	6.33	6.63

Competitive Comparison of Palatium Real Estate AG's Cash-to-Debt

For the Real Estate - Diversified subindustry, Palatium Real Estate AG'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.

Palatium Real Estate AG's Cash-to-Debt Distribution in the Real Estate Industry

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

* The bar in red indicates where Palatium Real Estate AG's Cash-to-Debt falls into.

Palatium Real Estate AG 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.

Palatium Real Estate AG'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)
	=	1.194	/	(0	+	0.18)
	=	6.63

Palatium Real Estate AG's Cash to Debt Ratio for the quarter 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)
	=	1.194	/	(0	+	0.18)
	=	6.63

Palatium Real Estate AG (HAM:VVX1.PFD) 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.

Palatium Real Estate AG Cash-to-Debt Related Terms

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Palatium Real Estate AG (HAM:VVX1.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Palatium Real Estate AG (HAM:VVX1.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

VVX:Germany

Address

Mehlweiherkopf 12, Hochspeyer, RP, DEU, 67691

Website

http://www.palatium-real-estate-ag.de

Palatium Real Estate AG is engaged in the acquisition and sale of land and buildings, as well as the construction and sale of buildings for commercial or residential purposes. It acquires properties in the Kaiserslautern area. It is also engaged in the acquisition, management, and sale of all types of assets, equity interests, the purchase and sale of precious metals, and antiques. The Company competes with a variety of other investment alternatives that differ in terms of liquidity, return, and risk.

Palatium Real Estate AG (HAM:VVX1.PFD) Headlines

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