Dar Global (LSE:DAR) Cash-to-Debt : 0.61 (As of Dec. 2023)

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What is Dar Global 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. Dar Global's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.61.

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, Dar Global 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 Dar Global's Cash-to-Debt or its related term are showing as below:

LSE:DAR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.57 Med: No Debt Max: No Debt
Current: 0.61

During the past 5 years, Dar Global's highest Cash to Debt Ratio was No Debt. The lowest was 0.57. And the median was No Debt.

LSE:DAR's Cash-to-Debt is ranked better than
67.71% of 1781 companies
in the Real Estate industry
Industry Median: 0.25 vs LSE:DAR: 0.61

Dar Global Cash-to-Debt Historical Data

The historical data trend for Dar Global'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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Dar Global Cash-to-Debt Chart

Dar Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

0.57

0.61

Dar Global Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	0.57	0.91	0.61

Competitive Comparison of Dar Global's Cash-to-Debt

For the Real Estate - Development subindustry, Dar Global'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.

Dar Global's Cash-to-Debt Distribution in the Real Estate Industry

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

* The bar in red indicates where Dar Global's Cash-to-Debt falls into.

Dar Global 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.

Dar Global'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)
	=	80.183	/	(20.297	+	111.012)
	=	0.61

Dar Global'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)
	=	80.183	/	(20.297	+	111.012)
	=	0.61

Dar Global (LSE:DAR) 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.

Dar Global Cash-to-Debt Related Terms

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Dar Global (LSE:DAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Dar Global PLC (LSE:DAR) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

65 Gresham Street, Link Company Matters Limited, 6th Floor, London, GBR, EC2V 7NQ

Website

https://www.darglobal.co.uk

Dar Global PLC is an international real estate developer. The Group's business model focuses on development of real estate projects comprising second homes typically in prime locations in the Middle East and Europe.