CBRE Group exited the third quarter of 2022 with cash and cash equivalents of $1.1 billion, down from $2.4 billion as of Dec 31, 2021. As of Sep 30, 2022, the company had $4.5 billion in total liquidity. This comprised $1.1 billion in cash in addition to the ability to borrow a total of $3.3 billion under its revolving credit facilities, net of any outstanding letters of credit. The company's net leverage ratio was 0.21 as of the same date, significantly less than CBRE's primary debt covenant of 4.25X.