Park Hotels & Resorts (LTS:0KFU) Cash-to-Debt

: 0.15 (As of Dec. 2023)

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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. Park Hotels & Resorts's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.15.

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, Park Hotels & Resorts 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 Park Hotels & Resorts's Cash-to-Debt or its related term are showing as below:

LTS:0KFU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.13 Max: 0.19
Current: 0.15

During the past 11 years, Park Hotels & Resorts's highest Cash to Debt Ratio was 0.19. The lowest was 0.01. And the median was 0.13.

LTS:0KFU's Cash-to-Debt is ranked better than
64.55% of 804 companies
in the REITs industry
Industry Median: 0.09 vs LTS:0KFU: 0.15

Park Hotels & Resorts Cash-to-Debt Historical Data

The historical data trend for Park Hotels & Resorts'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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Park Hotels & Resorts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.08

0.18

0.14

0.19

0.15

Park Hotels & Resorts Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.19	0.18	0.17	0.15	0.15

Competitive Comparison

For the REIT - Hotel & Motel subindustry, Park Hotels & Resorts'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.

Park Hotels & Resorts Cash-to-Debt Distribution

For the REITs industry and Real Estate sector, Park Hotels & Resorts's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Park Hotels & Resorts's Cash-to-Debt falls into.

Park Hotels & Resorts 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.

Park Hotels & Resorts'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)
	=	717	/	(0	+	4713)
	=	0.15

Park Hotels & Resorts'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)
	=	717	/	(0	+	4713)
	=	0.15

Park Hotels & Resorts (LTS:0KFU) 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.

Park Hotels & Resorts Cash-to-Debt Related Terms

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Park Hotels & Resorts (LTS:0KFU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Park Hotels & Resorts Inc (LTS:0KFU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PK:USA HIP:Germany HIP:Germany

Address

1775 Tysons Boulevard, 7th Floor, Tysons, VA, USA, 22102

Website

https://www.pkhotelsandresorts.com

Park Hotels & Resorts owns upper-upscale and luxury hotels with 26,373 rooms across 41 hotels in the United States. Park also has interests through joint ventures in another 2,656 rooms in four U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so most of the company's hotels are still under Hilton brands. The company has sold all its international hotels and many of its lower-quality U.S. hotels to focus on high-quality assets in domestic gateway markets.

Park Hotels & Resorts (LTS:0KFU) Headlines

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