Kanabo Group (LSE:KNB) Cash-to-Debt : 6.18 (As of Dec. 2023)

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What is Kanabo 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. Kanabo Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 6.18.

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

LSE:KNB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.9 Med: No Debt Max: No Debt
Current: 6.18

During the past 7 years, Kanabo Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.90. And the median was No Debt.

LSE:KNB's Cash-to-Debt is ranked better than
78.41% of 667 companies
in the Healthcare Providers & Services industry
Industry Median: 0.69 vs LSE:KNB: 6.18

Kanabo Group Cash-to-Debt Historical Data

The historical data trend for Kanabo 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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Kanabo Group Cash-to-Debt Chart

Kanabo Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.90

No Debt

5.23

6.18

Kanabo Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	6.05	5.23	7.54	6.18

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

For the Medical Care Facilities subindustry, Kanabo 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.

Kanabo Group's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Kanabo Group's Cash-to-Debt distribution charts can be found below:

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

Kanabo 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.

Kanabo Group'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)
	=	1.681	/	(0.133	+	0.139)
	=	6.18

Kanabo Group'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)
	=	1.681	/	(0.133	+	0.139)
	=	6.18

Kanabo Group (LSE:KNB) 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.

Kanabo Group Cash-to-Debt Related Terms

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Kanabo Group (LSE:KNB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Kanabo Group PLC (LSE:KNB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

3WD:Germany

Address

137-139 Brent Street, Churchill House, London, GBR, NW4 4DJ

Website

https://www.kanabogroup.com

Kanabo Group PLC is a research and development company engaged in selling a range of THC-Free retail CBD products in the markets and it is in the process of developing medical cannabis products. Its reportable segments include Primary Care and Secondary Care. The Primary Care segment includes Tele pharma services provided by GPS and The Secondary Care segment includes the development and distribution of cannabis-derived medical and wellness products. Geographically company has a presence in the United Kingdom, Israel, and others.

Kanabo Group (LSE:KNB) Headlines

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