Kairos Minerals (ASX:KAI) Cash-to-Debt : 56.87 (As of Dec. 2023)

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What is Kairos Minerals 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. Kairos Minerals's cash to debt ratio for the quarter that ended in Dec. 2023 was 56.87.

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, Kairos Minerals could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:KAI' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.72 Med: No Debt Max: No Debt
Current: 56.87

During the past 13 years, Kairos Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 11.72. And the median was No Debt.

ASX:KAI's Cash-to-Debt is ranked better than
57% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs ASX:KAI: 56.87

Kairos Minerals Cash-to-Debt Historical Data

The historical data trend for Kairos Minerals'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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Kairos Minerals Cash-to-Debt Chart

Kairos Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

27.48

27.88

376.36

Kairos Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															18.32	27.88	11.72	376.36	56.87

Competitive Comparison of Kairos Minerals's Cash-to-Debt

For the Gold subindustry, Kairos Minerals'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.

Kairos Minerals's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Kairos Minerals's Cash-to-Debt distribution charts can be found below:

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

Kairos Minerals 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.

Kairos Minerals's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	4.14	/	(0.011	+	0)
	=	376.36

Kairos Minerals'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)
	=	6.426	/	(0.049	+	0.064)
	=	56.87

Kairos Minerals (ASX:KAI) 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.

Kairos Minerals Cash-to-Debt Related Terms

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

Kairos Minerals (ASX:KAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kairos Minerals Ltd (ASX:KAI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KAIFF:USA YAJ:Germany

Address

100 Railway Road, Suite 12, Level 1, West Perth, Daglish, WA, AUS, 6008

Website

https://www.kairosminerals.com.au

Kairos Minerals Ltd is a minerals exploration company currently undertaking exploration for gold and base metal mineralization in Western Australia. The company projects include Pilbara Gold and Roe Hills Gold-Nickel-Cobalt Project and Eastern Goldfields.