HMG/Courtland Properties (HMG/Courtland Properties) Cash-to-Debt : 18.86 (As of Sep. 2021)

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What is HMG/Courtland 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. HMG/Courtland Properties's cash to debt ratio for the quarter that ended in Sep. 2021 was 18.86.

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, HMG/Courtland Properties could pay off its debt using the cash in hand for the quarter that ended in Sep. 2021.

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

HMG's Cash-to-Debt is not ranked ^*
in the REITs industry.
Industry Median: 0.09
* Ranked among companies with meaningful Cash-to-Debt only.

HMG/Courtland Properties Cash-to-Debt Historical Data

The historical data trend for HMG/Courtland 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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HMG/Courtland Properties Cash-to-Debt Chart

HMG/Courtland Properties Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash-to-Debt

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6.73

6.31

17.03

18.86

12.75

HMG/Courtland Properties Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Cash-to-Debt	Get a 7-Day Free Trial															16.42	12.75	16.39	18.42	18.86

Competitive Comparison of HMG/Courtland Properties's Cash-to-Debt

For the REIT - Retail subindustry, HMG/Courtland 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.

HMG/Courtland Properties's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, HMG/Courtland Properties's Cash-to-Debt distribution charts can be found below:

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

HMG/Courtland 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.

HMG/Courtland Properties's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
	=	8.29	/	(0	+	0.65)
	=	12.75

HMG/Courtland Properties's Cash to Debt Ratio for the quarter that ended in Sep. 2021 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)
	=	7.544	/	(0	+	0.4)
	=	18.86

HMG/Courtland Properties (AMEX:HMG) 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.

HMG/Courtland Properties Cash-to-Debt Related Terms

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

HMG/Courtland Properties (HMG/Courtland Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HMG/Courtland Properties Inc (AMEX:HMG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1870 South Bayshore Drive, Coconut Grove, Miami, FL, USA, 33133

Website

https://www.hmgcourtland.com

HMG/Courtland Properties Inc is a real estate investment trust. Its business is the ownership and management of income-producing commercial properties. The company invests its idle cash in marketable securities and acquires real estate and other investments utilizing available cash or borrowing funds. The company's portfolio of REIT marketable securities consists of the preferred and non-preferred equity of large capital publicly traded REITs. The company's other investments consist primarily of nominal equity interests in various privately-held entities. The company generates revenue from the property rental operations of its corporate offices.

Executives

Alexander J Arader	director	1870 SOUTH BAYSHORE DRIVE COCONUT GROVE FL 33133
Richard N Wiener	director	1870 SOUTH BAYSHORE DRIVE COCONUT GROVE FL 33133
Maurice A Weiner	director, officer: Chairman & CEO	1870 SOUTH BAYSHORE DRIVE COCONUT GROVE FL 33133
Carlos Camarotti	officer: Vice Pres. and Asst. Secty	1870 SOUTH BAYSHORE DRIVE COCONUT GROVE FL 33133
C M Dusseau	director	1870 SOUTH BAYSHORE DRIVE COCONUT GROVE FL 33133
Alan N Finkelstein	director	1870 SOUTH BAYSHORE DRIVE COCONUT GROVE FL 33133
Walter G. Arader	director	1870 SOUTH BAYSHORE DRIVE COCONUT GROVE FL 33133
Harvey Comita	director	1870 SOUTH BAYSHORE DRIVE COCONUT GROVE FL 33133
Lawrence I Rothstein	director, officer: President,Treasurer and Sec.	1870 SOUTH BAYSHORE DRIVE COCONUT GROVE FL 33133

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