PrologisProperty Mexico de CV (PrologisProperty Mexico de CV) Cash-to-Debt : 0.81 (As of Mar. 2024)

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What is PrologisProperty Mexico de CV 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. PrologisProperty Mexico de CV's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.81.

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, PrologisProperty Mexico de CV couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for PrologisProperty Mexico de CV's Cash-to-Debt or its related term are showing as below:

FBBPF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.81
Current: 0.81

During the past 10 years, PrologisProperty Mexico de CV's highest Cash to Debt Ratio was 0.81. The lowest was 0.01. And the median was 0.03.

FBBPF's Cash-to-Debt is ranked better than
75.66% of 801 companies
in the REITs industry
Industry Median: 0.09 vs FBBPF: 0.81

PrologisProperty Mexico de CV Cash-to-Debt Historical Data

The historical data trend for PrologisProperty Mexico de CV'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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PrologisProperty Mexico de CV Cash-to-Debt Chart

PrologisProperty Mexico de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

0.03

0.02

0.15

0.21

PrologisProperty Mexico de CV Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.49	0.51	0.21	0.81

Competitive Comparison of PrologisProperty Mexico de CV's Cash-to-Debt

For the REIT - Industrial subindustry, PrologisProperty Mexico de CV'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.

PrologisProperty Mexico de CV's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, PrologisProperty Mexico de CV's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where PrologisProperty Mexico de CV's Cash-to-Debt falls into.

PrologisProperty Mexico de CV 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.

PrologisProperty Mexico de CV'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)
	=	195.756	/	(3.665	+	911.562)
	=	0.21

PrologisProperty Mexico de CV's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	747.83	/	(4.265	+	920.678)
	=	0.81

PrologisProperty Mexico de CV (OTCPK:FBBPF) 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.

PrologisProperty Mexico de CV Cash-to-Debt Related Terms

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PrologisProperty Mexico de CV (PrologisProperty Mexico de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » PrologisProperty Mexico SA de CV (OTCPK:FBBPF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FIBRAPL14:Mexico

Address

Paseo de los Tamarindos No. 90, Torre 2, Piso 22, Bosques de las Lomas, Mexico City, MEX, 05120

Website

https://www.fibraprologis.com

PrologisProperty Mexico SA de CV, formerly FIBRA Prologis is engaged in the acquisition, ownership, and leasing of industrial properties throughout Mexico. The company's real estate portfolio primarily comprises large warehouse buildings. Most of the square feet under Fibra Prologis' ownership is used for consumption-driven purposes, while a sizable percentage is also used for manufacturing. The company derives nearly all of its revenue as lease rental income from multinational firms. This income is fairly evenly split between its manufacturing-related facilities in Northern Mexico and consumption-related facilities located mainly in Central and Southern Mexico. In terms of total revenue, the majority of Fibra Prologis' customers are general retailers and third-party logistics firms.