Kron Teknoloji AS (IST:KRONT) Cash-to-Debt : 0.97 (As of Dec. 2023)

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What is Kron Teknoloji AS 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. Kron Teknoloji AS's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.97.

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, Kron Teknoloji AS 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 Kron Teknoloji AS's Cash-to-Debt or its related term are showing as below:

IST:KRONT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.56 Med: 0.93 Max: 1.44
Current: 0.97

During the past 13 years, Kron Teknoloji AS's highest Cash to Debt Ratio was 1.44. The lowest was 0.56. And the median was 0.93.

IST:KRONT's Cash-to-Debt is ranked worse than
64.88% of 2725 companies
in the Software industry
Industry Median: 2.49 vs IST:KRONT: 0.97

Kron Teknoloji AS Cash-to-Debt Historical Data

The historical data trend for Kron Teknoloji AS'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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Kron Teknoloji AS Cash-to-Debt Chart

Kron Teknoloji AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.56

0.69

0.88

0.97

Kron Teknoloji AS 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															0.97	0.61	0.93	0.72	0.97

Competitive Comparison of Kron Teknoloji AS's Cash-to-Debt

For the Software - Infrastructure subindustry, Kron Teknoloji AS'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.

Kron Teknoloji AS's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Kron Teknoloji AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kron Teknoloji AS's Cash-to-Debt falls into.

Kron Teknoloji AS 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.

Kron Teknoloji AS'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)
	=	60.551	/	(37.625	+	24.554)
	=	0.97

Kron Teknoloji AS'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)
	=	60.551	/	(37.625	+	24.554)
	=	0.97

Kron Teknoloji AS (IST:KRONT) 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.

Kron Teknoloji AS Cash-to-Debt Related Terms

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Kron Teknoloji AS (IST:KRONT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kron Teknoloji AS (IST:KRONT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bilkent CyberPark C Blok No: 321 Bilkent, Istanbul, TUR, 34805

Website

https://www.kron.com.tr

Kron Teknoloji AS produces high technology solutions for the operational efficiency and security needs of corporate enterprises in finance, energy and health sectors, particularly in telecommunications. It offers advanced technology software products for the needs of medium and large size enterprises in the areas of service activation, quality assurance systems, ICT (Information and Communication Technology) Access Control Systems, high performance real-time data processing, and next generation security and audit.

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