Latch (LTCH) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2022)

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What is Latch 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. Latch's cash to debt ratio for the quarter that ended in Mar. 2022 was No Debt ⁽¹⁾.

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, Latch could pay off its debt using the cash in hand for the quarter that ended in Mar. 2022.

(1) 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.

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

LTCH's Cash-to-Debt is not ranked ^*
in the Software industry.
Industry Median: 2.715
* Ranked among companies with meaningful Cash-to-Debt only.

Latch Cash-to-Debt Historical Data

The historical data trend for Latch'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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Latch Cash-to-Debt Chart

Latch Annual Data

Trend

Dec19

Dec20

Dec21

Cash-to-Debt

N/A

1.06

No Debt

Latch Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Cash-to-Debt	Get a 7-Day Free Trial			N/A	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Latch's Cash-to-Debt

For the Software - Application subindustry, Latch'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.

Latch's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Latch's Cash-to-Debt distribution charts can be found below:

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

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Latch 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.

Latch's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

Latch had no debt ⁽¹⁾.

Latch's Cash to Debt Ratio for the quarter that ended in Mar. 2022 is calculated as:

Latch had no debt ⁽¹⁾.

Latch (OTCPK:LTCH) 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.

Latch Cash-to-Debt Related Terms

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

Latch Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Latch Inc (OTCPK:LTCH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1220 N. Price Road, Suite 2, Olivette, MO, USA, 63132

Website

https://www.latch.com

Latch Inc is a technology company predominantly serving the multifamily rental home market segment of the smart building industry by deploying hardware and software technology to digitize manual processes, including building and unit access and in-unit device control. It has designed and developed a cloud-based software-as-a-service (SaaS) platform, the Latch Platform to address the access requirements of modern multifamily buildings. The company offers various products such as Latch Cameras, Latch Locks, Latch interconnects, Smart sensors, and accessories which the user can connect with the Latch platform to manage building and unit access. Its customers include real estate developers, builders, building owners, and property managers in the United States and Canada.

Executives

Keyes John J Iv	officer: Interim CEO	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Marc E Landy	officer: Interim CFO	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Junji Nakamura	officer: Chief Accounting Officer	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Barry Schaeffer	officer: Interim CFO & Treasurer	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Josh Wolfe	10 percent owner	C/O LUX HEALTH TECH ACQUISITION CORP., 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Garth Mitchell	officer: CFO & Treasurer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Raju Rishi	director	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Ali Hussain	officer: Chief Operating Officer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Michael Brian Jones	officer: Chief Technology Officer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
J. Allen Smith	director	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Andrew Sugrue	director	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Luke Schoenfelder	director, officer: Chief Executive Officer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Reynolds James Madison Iv	10 percent owner	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Avenir Latch Investors, Llc	10 percent owner	C/O AVENIR MANAGEMENT COMPANY, LLC, 135 FIFTH AVENUE, 7TH FLOOR, NEW YORK NY 10010
Avenir Management Company, Llc	10 percent owner	817 BROADWAY, 12TH FLOOR, NEW YORK NY 10003