Parkit Enterprise (TSXV:PKT) Cash-to-Debt : 0.03 (As of Dec. 2024)

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What is Parkit Enterprise 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. Parkit Enterprise's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.03.

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, Parkit Enterprise couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

TSXV:PKT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: No Debt Max: No Debt
Current: 0.03

During the past 13 years, Parkit Enterprise's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was No Debt.

TSXV:PKT's Cash-to-Debt is ranked worse than
88.53% of 1753 companies
in the Real Estate industry
Industry Median: 0.25 vs TSXV:PKT: 0.03

Parkit Enterprise Cash-to-Debt Historical Data

The historical data trend for Parkit Enterprise'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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Parkit Enterprise Cash-to-Debt Chart

Parkit Enterprise Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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No Debt

1.27

0.26

0.06

0.03

Parkit Enterprise Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.07	0.03	0.05	0.03

Competitive Comparison of Parkit Enterprise's Cash-to-Debt

For the Real Estate Services subindustry, Parkit Enterprise'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.

Parkit Enterprise's Cash-to-Debt Distribution in the Real Estate Industry

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

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

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Parkit Enterprise 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.

Parkit Enterprise's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 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)
	=	5.477	/	(0	+	179.1)
	=	0.03

Parkit Enterprise's Cash to Debt Ratio for the quarter that ended in Dec. 2024 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)
	=	5.477	/	(0	+	179.1)
	=	0.03

Parkit Enterprise (TSXV:PKT) 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.

Parkit Enterprise Cash-to-Debt Related Terms

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Parkit Enterprise Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Parkit Enterprise Inc (TSXV:PKT) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

PKTEF:USA

Address

100 Canadian Road, Scarborough, ON, CAN, M1R 4Z5

Website

https://www.parkitenterprise.com

Parkit Enterprise Inc is an investment real estate platform. It is focused on the acquisition, growth, and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area (GTA), Ottawa, and Montreal, to complement its parking assets across the United States. The Company operates in two reportable business segments: Investment Properties which involves the acquisition and management of income producing industrial properties across key markets in Canada. Parking Assets which involves the acquisition and management of income producing parking facilities across the United States. Majority of revenue is from Investment Properties.

Executives

Parkit Enterprise Inc.	10% Security Holder
Robert Blair Tamblyn	Director
Bradley Roy Dunkley	Director
Steven Robert Scott	Director
Iqbal Khan	Director, Senior Officer
Access Self Storage Inc.	10% Security Holder
Avi Geller	Director, Senior Officer
David Delaney	Director
Elie Norowitz	Director

Parkit Enterprise Headlines

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