Springfield Properties (LSE:SPR) Cash-to-Debt : 0.09 (As of Nov. 2023)

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What is Springfield Properties 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. Springfield Properties's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.09.

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, Springfield Properties couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

LSE:SPR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.12 Max: 0.62
Current: 0.09

During the past 9 years, Springfield Properties's highest Cash to Debt Ratio was 0.62. The lowest was 0.00. And the median was 0.12.

LSE:SPR's Cash-to-Debt is ranked worse than
85.58% of 104 companies
in the Homebuilding & Construction industry
Industry Median: 0.53 vs LSE:SPR: 0.09

Springfield Properties Cash-to-Debt Historical Data

The historical data trend for Springfield Properties'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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Springfield Properties Cash-to-Debt Chart

Springfield Properties Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash-to-Debt

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0.09

0.02

0.43

0.30

0.12

Springfield Properties Semi-Annual Data
	May15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial												0.62	0.30	0.21	0.12	0.09

Competitive Comparison of Springfield Properties's Cash-to-Debt

For the Residential Construction subindustry, Springfield Properties'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.

Springfield Properties's Cash-to-Debt Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Springfield Properties's Cash-to-Debt distribution charts can be found below:

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

Springfield Properties 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.

Springfield Properties's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	8.909	/	(1.884	+	74.689)
	=	0.12

Springfield Properties's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	10.097	/	(5.592	+	103.186)
	=	0.09

Springfield Properties (LSE:SPR) 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.

Springfield Properties Cash-to-Debt Related Terms

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Springfield Properties (LSE:SPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Springfield Properties PLC (LSE:SPR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

9MZ:Germany

Address

8 Southfield Drive, Alexander Fleming House, Elgin, Morayshire, GBR, IV30 6GR

Website

https://www.thespringfieldgroup.co.uk

Springfield Properties PLC is a housebuilder focused on developing a mix of private and affordable housing in Scotland. The group primarily focuses on sourcing land for private housing in areas with high growth potential and progressing those developments through the planning process. It has one segment that is Housing building activity in the United Kingdom. It earns revenue from private residential properties, affordable housing, contact housing and others.