Kelly Partners Group Holdings (ASX:KPG) Cash-to-Debt : 0.08 (As of Dec. 2023)

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What is Kelly Partners Group Holdings 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. Kelly Partners Group Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.08.

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, Kelly Partners Group Holdings 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 Kelly Partners Group Holdings's Cash-to-Debt or its related term are showing as below:

ASX:KPG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.18 Max: 0.32
Current: 0.08

During the past 7 years, Kelly Partners Group Holdings's highest Cash to Debt Ratio was 0.32. The lowest was 0.06. And the median was 0.18.

ASX:KPG's Cash-to-Debt is ranked worse than
88.33% of 1063 companies
in the Business Services industry
Industry Median: 1.01 vs ASX:KPG: 0.08

Kelly Partners Group Holdings Cash-to-Debt Historical Data

The historical data trend for Kelly Partners Group Holdings'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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Kelly Partners Group Holdings Cash-to-Debt Chart

Kelly Partners Group Holdings Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.21

0.14

0.13

0.06

0.07

Kelly Partners Group Holdings Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									0.15	0.06	0.18	0.07	0.08

Competitive Comparison of Kelly Partners Group Holdings's Cash-to-Debt

For the Specialty Business Services subindustry, Kelly Partners Group Holdings'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.

Kelly Partners Group Holdings's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Kelly Partners Group Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kelly Partners Group Holdings's Cash-to-Debt falls into.

Kelly Partners Group Holdings 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.

Kelly Partners Group Holdings'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)
	=	5.331	/	(23.562	+	49.099)
	=	0.07

Kelly Partners Group Holdings'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)
	=	6.254	/	(17.438	+	62.19)
	=	0.08

Kelly Partners Group Holdings (ASX:KPG) 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.

Kelly Partners Group Holdings Cash-to-Debt Related Terms

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Kelly Partners Group Holdings (ASX:KPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Kelly Partners Group Holdings Ltd (ASX:KPG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KPGHF:USA

Address

32 Walker Street, Level 8, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.kellypartnersgroup.com.au

Kelly Partners Group Holdings Ltd operates a chartered accounting business which assists small and medium enterprises, private business owners and high net worth individuals to manage their accounting, taxation, audit, and wealth management activities. The company's operating segment include Accounting and Other services. It generates maximum revenue from the Accounting segment. The Accounting segment includes accounting and taxation services, corporate secretarial, outsourced CFO, audits, business structuring, bookkeeping, and all other accounting related services. Other services segment includes financial broking services, wealth management, corporate advisory, investment office, and all other non-accounting services.

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