KATEK SE (FRA:KTEK) Cash-to-Debt : 0.35 (As of Dec. 2023)

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What is KATEK SE 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. KATEK SE's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.35.

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, KATEK SE couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

FRA:KTEK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.34 Max: 0.44
Current: 0.35

During the past 4 years, KATEK SE's highest Cash to Debt Ratio was 0.44. The lowest was 0.23. And the median was 0.34.

FRA:KTEK's Cash-to-Debt is ranked worse than
74.82% of 3002 companies
in the Industrial Products industry
Industry Median: 1.185 vs FRA:KTEK: 0.35

KATEK SE Cash-to-Debt Historical Data

The historical data trend for KATEK SE'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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KATEK SE Cash-to-Debt Chart

KATEK SE Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.33

0.44

0.23

0.35

KATEK SE Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										0.23	0.63	0.59	0.51	0.35

Competitive Comparison of KATEK SE's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, KATEK SE'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.

KATEK SE's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, KATEK SE's Cash-to-Debt distribution charts can be found below:

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

KATEK SE 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.

KATEK SE'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)
	=	50.462	/	(33.593	+	109.18)
	=	0.35

KATEK SE'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)
	=	50.462	/	(33.593	+	109.18)
	=	0.35

KATEK SE (FRA:KTEK) 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.

KATEK SE Cash-to-Debt Related Terms

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KATEK SE (FRA:KTEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KATEK SE (FRA:KTEK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KTEK:Germany

Address

Promenadeplatz 12, Munchen, BY, DEU, 80333

Website

https://www.katek-group.de

KATEK SE is a German electronics service provider. The key revenue streams are automotive, communication, consumer, industry, energy/solar, and medical technology. It has two segments, The Electronics segment comprises the activities of the Group in the development of hardware and software, prototyping, and the manufacture of high-quality electronics for industrial customers. The Systems & Products segment comprises the same value-added activities, but, in contrast to the Electronics segment, it possesses a number of additional features that together create particular value added (high-value electronics). The majority is from the Electronics segment. Geographically, the majority of revenue is from Germany.

Executives

Dr. Johannes Fues

Board of Directors

KATEK SE (FRA:KTEK) Headlines

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