Taubman Centers (Taubman Centers) Cash-to-Debt : 0.06 (As of Sep. 2020)

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What is Taubman Centers 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. Taubman Centers's cash to debt ratio for the quarter that ended in Sep. 2020 was 0.06.

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, Taubman Centers couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2020.

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

TCO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: No Debt
Current: 0.06

During the past 13 years, Taubman Centers's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.02.

TCO's Cash-to-Debt is not ranked
in the REITs industry.
Industry Median: 0.09 vs TCO: 0.06

Taubman Centers Cash-to-Debt Historical Data

The historical data trend for Taubman Centers'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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Taubman Centers Cash-to-Debt Chart

Taubman Centers Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash-to-Debt

Get a 7-Day Free Trial

0.08

0.01

0.03

Taubman Centers Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.03	0.09	0.06	0.06

Competitive Comparison of Taubman Centers's Cash-to-Debt

For the REIT - Retail subindustry, Taubman Centers'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.

Taubman Centers's Cash-to-Debt Distribution in the REITs Industry

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

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

Taubman Centers 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.

Taubman Centers's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 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)
	=	102.762	/	(0	+	3951.105)
	=	0.03

Taubman Centers's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	256.512	/	(0	+	4138.126)
	=	0.06

Taubman Centers (NYSE:TCO) 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.

Taubman Centers Cash-to-Debt Related Terms

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

Taubman Centers (Taubman Centers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Taubman Centers Inc (NYSE:TCO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 East Long Lake Road, Suite 300, Bloomfield Hills, MI, USA, 48304-2324

Website

http://www.taubman.com

Taubman Centers Inc is engaged in the ownership, leasing, acquisition, disposition, development, expansion, and management of shopping centers. The company owns or operates a collection of over 20 urban and suburban shopping centers in U.S. states, Puerto Rico, South Korea, and China. Some of the operating malls of the group are Cherry Creek Shopping center, City Creek Center, Dolphin Mall, Fair Oaks Mall, and Stamford Town Center. Taubman derives its revenue by offering its properties on lease.

Executives

Marakovits Cornelia Connelly	director	C/O TAUBMAN CENTERS, INC., 200 E. LONG LAKE RD., STE 300, BLOOMFIELD HILLS MI 48304
Ullman Myron E Iii	director	100 SPEAR ST. SUITE 935, SAN FRANCISCO CA 94105
Michelle J Goldberg	director	601 UNION STREET, SUITE 3100, SEATTLE WA 98101
Janice L Fields	director	800 NORTH LINDBERGH BLVD., ST. LOUIS MO 63167
Nancy Killefer	director	3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Mayree C Clark	director	C/O ALLY FINANCIAL INC., 200 RENAISSANCE CENTER, DETROIT MI 48265
Michael J Embler	director	C/O NMI HOLDINGS, INC., 2100 POWELL STREET, EMERYVILLE CA 94608
Simon Leopold	officer: EVP, CFO and Treasurer	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Paul Aubrey Wright	officer: President, Taubman Asia Mngmt	C/O TAUBMAN CENTERS, INC., 200 E. LONG LAKE ROAD, STE 300, BLOOMFIELD HILLS MI 48304
Jonathan Litt	director	LAND AND BUILDINGS, 1 LANDMARK SQUARE, 7TH FLOOR, STAMFORD CT 06901
Robert S Taubman	director, officer: President, CEO, AND Chair BOD	200 EAST LONG LAKE RD, SUITE 300 P O BOX 200, BLOOMFIELD HILLS MI 48303-0200
William S Taubman	officer: Chief Operating Officer	200 E LONG LAKE RD, TAUBMAN ASSET GROUP, BLOOMFIELD HILLS MI 48303
Peter John Sharp	officer: President, Taubman Asia Mngmt	C/O TAUBMAN CENTERS, INC., 200 E. LONG LAKE ROAD, STE 300, BLOOMFIELD HILLS MI 48304
Craig M Hatkoff	director	ONE WEST 72ND STREET, NEWYORK NY 10023
Jerome A Chazen	director	C/O CHAZEN CAPITAL PARTNERS LLC, 150 EAST 58TH STREET, 27TH FLOOR, NEW YORK NY 10155