Knorr-Bremse AG (XTER:KBX) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Knorr-Bremse AG 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. Knorr-Bremse AG's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Knorr-Bremse AG could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

XTER:KBX' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 9 years, Knorr-Bremse AG's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XTER:KBX's Cash-to-Debt is ranked better than
99.77% of 1292 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs XTER:KBX: No Debt

Knorr-Bremse AG Cash-to-Debt Historical Data

The historical data trend for Knorr-Bremse AG'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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Knorr-Bremse AG Cash-to-Debt Chart

Knorr-Bremse AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Knorr-Bremse AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Knorr-Bremse AG's Cash-to-Debt

For the Auto Parts subindustry, Knorr-Bremse AG'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.

Knorr-Bremse AG's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Knorr-Bremse AG's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Knorr-Bremse AG's Cash-to-Debt falls into.

Knorr-Bremse AG 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.

Knorr-Bremse AG's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Knorr-Bremse AG had no debt ⁽¹⁾.

Knorr-Bremse AG's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Knorr-Bremse AG had no debt ⁽¹⁾.

Knorr-Bremse AG (XTER:KBX) 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.

Knorr-Bremse AG Cash-to-Debt Related Terms

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

Knorr-Bremse AG (XTER:KBX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Knorr-Bremse AG (XTER:KBX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KNBHF:USA KNRRY:USA KBX:Mexico KBXd:UK

Address

Moosacher Strasse 80, Munich, BY, DEU, 80809

Website

https://www.knorr-bremse.com

Knorr-Bremse AG is engaged in the development, production, marketing, and servicing of Automotive parts. It operates its business activities in two divisions: Rail Vehicle Systems and Commercial Vehicle Systems. Its product portfolio comprises Braking, entrance, and HVAC systems; power electric and control technology; digital solutions; couplers; signal systems; pneumatic braking systems; energy supply and distribution systems; wiper and wash systems; and others. Its geographical segments are Europe/Africa, North America, South America, and Asia-Pacific.

Executives

Frank Markus Weber	Board of Directors
Dr. Nicolas Lange	Board of Directors
Marc Llistosella	Board of Directors
Bernd Spies	Board of Directors
Dr. Claudia Mayfeld	Board of Directors
Dr. Jürgen Wilder	Board of Directors
Dr. Jan Michael Mrosik	Board of Directors

Knorr-Bremse AG (XTER:KBX) Headlines

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Knorr-Bremse AG (XTER:KBX) Cash-to-Debt : No Debt (1) (As of Dec. 2023)