Bright Kindle Resources & Investments (PHS:BKR) Cash-to-Debt : 0.05 (As of Mar. 2024)

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What is Bright Kindle Resources & Investments 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. Bright Kindle Resources & Investments's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.05.

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, Bright Kindle Resources & Investments couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Bright Kindle Resources & Investments's Cash-to-Debt or its related term are showing as below:

PHS:BKR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: No Debt
Current: 0.05

During the past 13 years, Bright Kindle Resources & Investments's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.06.

PHS:BKR's Cash-to-Debt is ranked worse than
92.63% of 773 companies
in the Capital Markets industry
Industry Median: 1.97 vs PHS:BKR: 0.05

Bright Kindle Resources & Investments Cash-to-Debt Historical Data

The historical data trend for Bright Kindle Resources & Investments'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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Bright Kindle Resources & Investments Cash-to-Debt Chart

Bright Kindle Resources & Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

0.02

Bright Kindle Resources & Investments Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.04	0.03	0.02	0.02	0.05

Competitive Comparison of Bright Kindle Resources & Investments's Cash-to-Debt

For the Capital Markets subindustry, Bright Kindle Resources & Investments'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.

Bright Kindle Resources & Investments's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bright Kindle Resources & Investments's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Bright Kindle Resources & Investments's Cash-to-Debt falls into.

Bright Kindle Resources & Investments 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.

Bright Kindle Resources & Investments'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)
	=	31.957	/	(1671.502	+	0)
	=	0.02

Bright Kindle Resources & Investments's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	83.669	/	(1671.502	+	0)
	=	0.05

Bright Kindle Resources & Investments (PHS:BKR) 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.

Bright Kindle Resources & Investments Cash-to-Debt Related Terms

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

Bright Kindle Resources & Investments (PHS:BKR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bright Kindle Resources & Investments Inc (PHS:BKR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8741 Paseo de Roxas, 16th Floor Citibank Tower, Makati City, PHL, 1209

Website

https://www.brightkindle.com

Bright Kindle Resources & Investments Inc is engaged in dealing with all kinds of properties, including investment in bonds and shares of capital stock. The company provides marketing, distribution, technical, collection and selling assistance, and processing services in connection with the operation of RCBC's (Rizal Commercial Banking Corporation) credit card business.