Kromek Group (LSE:KMK) Cash-to-Debt : 0.28 (As of Oct. 2023)

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What is Kromek Group 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. Kromek Group's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.28.

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, Kromek Group couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

LSE:KMK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 1.29 Max: No Debt
Current: 0.28

During the past 13 years, Kromek Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.07. And the median was 1.29.

LSE:KMK's Cash-to-Debt is ranked worse than
84.36% of 2474 companies
in the Hardware industry
Industry Median: 1.34 vs LSE:KMK: 0.28

Kromek Group Cash-to-Debt Historical Data

The historical data trend for Kromek Group'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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Kromek Group Cash-to-Debt Chart

Kromek Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

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2.14

0.97

1.21

0.46

0.08

Kromek Group Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															0.91	0.46	0.07	0.08	0.28

Competitive Comparison of Kromek Group's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Kromek Group'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.

Kromek Group's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kromek Group's Cash-to-Debt distribution charts can be found below:

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

Kromek Group 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.

Kromek Group's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	1.097	/	(8.723	+	4.657)
	=	0.08

Kromek Group's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	3.723	/	(3.615	+	9.788)
	=	0.28

Kromek Group (LSE:KMK) 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.

Kromek Group Cash-to-Debt Related Terms

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

Kromek Group (LSE:KMK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kromek Group PLC (LSE:KMK) » Definitions » Cash-to-Debt

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KRMKF:USA

Address

Thomas Wright Way, NETPark, Sedgefield, Durham, GBR, TS21 3FD

Website

https://www.kromek.com

Kromek Group PLC is the developer of radiation detectors based on cadmium zinc telluride, providing improved detection and characterization capabilities within the medical imaging, nuclear detection, and security screening markets. Based on its technology platforms, the company design, develop, and produces x-ray and gamma-ray imaging and radiation detection products for the industrial and consumer markets. Some of its products include TN15 thermal neutron detector, SPEAR CZT-based radiation detector, VTF voltage to frequency converter, D3S NET networked radiation detector, and Photon-counting spectral CT. Its geographical segments include the United Kingdom, North America, Asia, Europe, and Australasia, of which the majority of the revenue comes from North America.

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