Kerry Logistics Network (HKSE:00636) Cash-to-Debt : 0.60 (As of Dec. 2023)

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What is Kerry Logistics Network 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. Kerry Logistics Network's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.60.

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, Kerry Logistics Network 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 Kerry Logistics Network's Cash-to-Debt or its related term are showing as below:

HKSE:00636' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.44 Med: 0.63 Max: 0.98
Current: 0.6

During the past 12 years, Kerry Logistics Network's highest Cash to Debt Ratio was 0.98. The lowest was 0.44. And the median was 0.63.

HKSE:00636's Cash-to-Debt is ranked better than
56.35% of 969 companies
in the Transportation industry
Industry Median: 0.48 vs HKSE:00636: 0.60

Kerry Logistics Network Cash-to-Debt Historical Data

The historical data trend for Kerry Logistics Network'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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Kerry Logistics Network Cash-to-Debt Chart

Kerry Logistics Network Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.52

0.66

0.98

0.79

0.60

Kerry Logistics Network 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															0.98	0.65	0.79	0.69	0.60

Competitive Comparison of Kerry Logistics Network's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, Kerry Logistics Network'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.

Kerry Logistics Network's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Kerry Logistics Network's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kerry Logistics Network's Cash-to-Debt falls into.

Kerry Logistics Network 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.

Kerry Logistics Network'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)
	=	6521.827	/	(4252.313	+	6606.863)
	=	0.60

Kerry Logistics Network'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)
	=	6521.827	/	(4252.313	+	6606.863)
	=	0.60

Kerry Logistics Network (HKSE:00636) 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.

Kerry Logistics Network Cash-to-Debt Related Terms

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Kerry Logistics Network (HKSE:00636) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kerry Logistics Network Ltd (HKSE:00636) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KYL:Germany

Address

55 Wing Kei Road, 16th Floor, Kerry Cargo Centre, New Territories, Kwai Chung, Hong Kong, HKG

Website

https://www.kln.com

Kerry Logistics Network, or KLN, is a leading Asian diversified logistics service provider with a global presence. KLN is the number one non-vessel operating common carrier, or NVOCC, by volume for transpacific trades in 2022. Its business consists of international freight forwarding (air freight, ocean freight, and cross-border road freight forwarding services), integrated logistics mainly across Asia, and e-commerce and express delivery services. KLN has been majority owned by and consolidated under the international segment of China's leading logistics company S.F. Holding, or SF, since September 2021.

Kerry Logistics Network (HKSE:00636) Headlines

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