Key Tronic (FRA:KT1) Cash-to-Debt : 0.04 (As of Mar. 2024)

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What is Key Tronic 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. Key Tronic's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.04.

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

FRA:KT1' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.74
Current: 0.04

During the past 13 years, Key Tronic's highest Cash to Debt Ratio was 0.74. The lowest was 0.00. And the median was 0.01.

FRA:KT1's Cash-to-Debt is ranked worse than
97.53% of 2473 companies
in the Hardware industry
Industry Median: 1.35 vs FRA:KT1: 0.04

Key Tronic Cash-to-Debt Historical Data

The historical data trend for Key Tronic'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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Key Tronic Cash-to-Debt Chart

Key Tronic Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.02

0.01

0.03

0.01

0.03

Key Tronic 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															-	0.03	0.03	0.02	0.04

Competitive Comparison of Key Tronic's Cash-to-Debt

For the Computer Hardware subindustry, Key Tronic'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.

Key Tronic's Cash-to-Debt Distribution in the Hardware Industry

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

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

Key Tronic 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.

Key Tronic's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	3.326	/	(7.245	+	121.696)
	=	0.03

Key Tronic'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)
	=	4.835	/	(5.454	+	122.86)
	=	0.04

Key Tronic (FRA:KT1) 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.

Key Tronic Cash-to-Debt Related Terms

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Key Tronic (FRA:KT1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Key Tronic Corp (FRA:KT1) » Definitions » Cash-to-Debt

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KTCC:USA

Address

4424 North Sullivan Road, Spokane Valley, WA, USA, 99216

Website

https://www.keytronic.com

Key Tronic Corp is an electronic manufacturing service provider. The company provides electronic manufacturing services to original equipment manufacturers in the United States and globally. Its primary services include integrated electronic and mechanical engineering, precision plastic molding, sheet metal fabrication, printed circuit board (PCB) and complete product assembly, component selection, sourcing and procurement, logistics, and new product testing and production. The firm derives a majority of its revenue from the United States.

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