Town Centre Securities (LSE:TOWN) Cash-to-Debt : 0.18 (As of Dec. 2023)

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What is Town Centre Securities 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. Town Centre Securities's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.18.

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, Town Centre Securities 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 Town Centre Securities's Cash-to-Debt or its related term are showing as below:

LSE:TOWN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.12 Max: No Debt
Current: 0.18

During the past 13 years, Town Centre Securities's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.12.

LSE:TOWN's Cash-to-Debt is ranked better than
67.17% of 801 companies
in the REITs industry
Industry Median: 0.09 vs LSE:TOWN: 0.18

Town Centre Securities Cash-to-Debt Historical Data

The historical data trend for Town Centre Securities'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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Town Centre Securities Cash-to-Debt Chart

Town Centre Securities Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

0.06

0.11

0.12

1.13

Town Centre Securities Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	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															0.09	0.12	0.14	1.13	0.18

Competitive Comparison of Town Centre Securities's Cash-to-Debt

For the REIT - Diversified subindustry, Town Centre Securities'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.

Town Centre Securities's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Town Centre Securities's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Town Centre Securities's Cash-to-Debt falls into.

Town Centre Securities 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.

Town Centre Securities's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	29.756	/	(26.365	+	0)
	=	1.13

Town Centre Securities'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)
	=	28.827	/	(27.032	+	134.681)
	=	0.18

Town Centre Securities (LSE:TOWN) 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.

Town Centre Securities Cash-to-Debt Related Terms

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

Town Centre Securities (LSE:TOWN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Town Centre Securities PLC (LSE:TOWN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TOWNl:UK TOWN.GB:UK

Address

Town Centre House, The Merrion Centre, Leeds, GBR, LS2 8LY

Website

https://www.tcs-plc.co.uk

Town Centre Securities PLC is the United Kingdom-based company engaged in property investment, development and trading and the provision of a hotel and car parks. The company operates in three business segments comprising property rental, car park activities and hotel operations. Geographically their operations are performed wholly in the United Kingdom. It serves in various sectors such as retail, leisure, office, car parking, distribution and residential. The company's property portfolio includes Rochdale Retail Park, Marina Residential, Eider House, Brownsfield Mill, Carver's Warehouse, Retail Village, The Arena Quarter, and others. The company derives of the revenue from the Property Rental segment.