Kaival Brands Innovations Group (Kaival Brands Innovations Group) Cash-to-Debt : 0.32 (As of Jan. 2024)

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What is Kaival Brands Innovations 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. Kaival Brands Innovations Group's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.32.

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, Kaival Brands Innovations Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

KAVL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 21.89 Max: No Debt
Current: 0.32

During the past 6 years, Kaival Brands Innovations Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.29. And the median was 21.89.

KAVL's Cash-to-Debt is ranked worse than
54% of 50 companies
in the Tobacco Products industry
Industry Median: 0.7 vs KAVL: 0.32

Kaival Brands Innovations Group Cash-to-Debt Historical Data

The historical data trend for Kaival Brands Innovations 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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Kaival Brands Innovations Group Cash-to-Debt Chart

Kaival Brands Innovations Group Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

Get a 7-Day Free Trial

N/A

104.54

131.53

3.03

0.29

Kaival Brands Innovations Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															3.21	0.99	0.64	0.29	0.32

Competitive Comparison of Kaival Brands Innovations Group's Cash-to-Debt

For the Tobacco subindustry, Kaival Brands Innovations 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.

Kaival Brands Innovations Group's Cash-to-Debt Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Kaival Brands Innovations Group's Cash-to-Debt distribution charts can be found below:

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

Kaival Brands Innovations 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.

Kaival Brands Innovations Group's Cash to Debt Ratio for the fiscal year 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)
	=	0.534	/	(0.984	+	0.866)
	=	0.29

Kaival Brands Innovations Group's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	0.591	/	(1.011	+	0.817)
	=	0.32

Kaival Brands Innovations Group (NAS:KAVL) 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.

Kaival Brands Innovations Group Cash-to-Debt Related Terms

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Kaival Brands Innovations Group (Kaival Brands Innovations Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Kaival Brands Innovations Group Inc (NAS:KAVL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4460 Old Dixie Highway, Grant, FL, USA, 32949

Website

https://www.kaivalbrands.com

Kaival Brands Innovations Group Inc is focused on growing and incubating innovative and profitable products. The company is engaged in the business of developing electronic nicotine delivery systems and related components. Its primary product includes Bidi Stick. The BIDI Stick comes in a variety of flavor options for adult cigarette smokers.

Executives

Stephen Alan Sheriff	officer: COO & IRO	4460 OLD DIXIE HIGHWAY, GRANT-VALKARIA FL 32949
Thomas James Metzler	officer: CFO, Treasurer and Secretary	KAIVAL BRANDS INNOVATIONS GROUP, INC., 4460 OLD DIXIE HIGHWAY, GRANT FL 32949
James Patrick Cassidy	director	14 SOUTH PACK SQUARE, SUITE 403, ASHEVILLE NC 28801
Barry Michael Hopkins	director	KAIVAL BRANDS INNOVATIONS GROUP, INC., 4460 OLD DIXIE HIGHWAY, GRANT FL 32949
David Worner	director	KAIVAL BRANDS INNOVATIONS GROUP, INC., 4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Mark L Thoenes	officer: Interim CFO	7700 N.E. AMBASSADOR PL, PORTLAND OR 97220
George T. Chuang	director	4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Nirajkumar Patel	director, 10 percent owner, officer: CEO, CFO, President, Treasurer	4460 OLD DIXIE HIGHWAY,, GRANT FL 32949
Paul John Reuter	director	4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Roger Brooks	director	4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Carolyn Hanigan	director	4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Eric Mosser	director, 10 percent owner, officer: COO, Secretary	4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Kaival Brands Innovations Group, Llc	10 percent owner	4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Gmrz Holdings Llc	10 percent owner	780 RESERVOIR AVENUE, #123, CRANSTON RI 02910