LXP Industrial Trust (LXP Industrial Trust) Cash-to-Debt

: 0.20 (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. LXP Industrial Trust's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.20.

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, LXP Industrial Trust 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 LXP Industrial Trust's Cash-to-Debt or its related term are showing as below:

LXPpC.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.1 Max: 0.2
Current: 0.2

During the past 13 years, LXP Industrial Trust's highest Cash to Debt Ratio was 0.20. The lowest was 0.04. And the median was 0.10.

LXPpC.PFD's Cash-to-Debt is ranked better than
67.58% of 802 companies
in the REITs industry
Industry Median: 0.08 vs LXPpC.PFD: 0.20

LXP Industrial Trust Cash-to-Debt Historical Data

The historical data trend for LXP Industrial Trust'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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LXP Industrial Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.10

0.14

0.04

0.20

LXP Industrial Trust 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																0.04	0.03	0.02	0.03	0.20

Competitive Comparison

For the REIT - Industrial subindustry, LXP Industrial Trust'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.

LXP Industrial Trust Cash-to-Debt Distribution

For the REITs industry and Real Estate sector, LXP Industrial Trust's Cash-to-Debt distribution charts can be found below:

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

LXP Industrial Trust 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.

LXP Industrial Trust'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)
	=	329.387	/	(0	+	1663.266)
	=	0.20

LXP Industrial Trust'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)
	=	329.387	/	(0	+	1663.266)
	=	0.20

LXP Industrial Trust (NYSE:LXPpC.PFD) 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.

LXP Industrial Trust Cash-to-Debt Related Terms

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LXP Industrial Trust (LXP Industrial Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » LXP Industrial Trust (NYSE:LXPpC.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LXP:USA

Address

One Penn Plaza, Suite 4015, New York, NY, USA, 10119-4015

Website

https://www.lxp.com

LXP Industrial Trust is a real estate investment trust principally involved in the ownership of equity and debt investments in single-tenant properties and land throughout the United States. Majority of the revenue is earned through rental revenue.