BKI Investment Co (ASX:BKI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is BKI Investment Co 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. BKI Investment Co'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, BKI Investment Co 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 BKI Investment Co's Cash-to-Debt or its related term are showing as below:

ASX:BKI' 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 13 years, BKI Investment Co's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:BKI's Cash-to-Debt is ranked better than
99.93% of 1473 companies
in the Asset Management industry
Industry Median: 5.79 vs ASX:BKI: No Debt

BKI Investment Co Cash-to-Debt Historical Data

The historical data trend for BKI Investment Co'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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BKI Investment Co Cash-to-Debt Chart

BKI Investment Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

BKI Investment Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of BKI Investment Co's Cash-to-Debt

For the Asset Management subindustry, BKI Investment Co'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.

BKI Investment Co's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BKI Investment Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where BKI Investment Co's Cash-to-Debt falls into.

BKI Investment Co Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

BKI Investment Co's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

BKI Investment Co had no debt ⁽¹⁾.

BKI Investment Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

BKI Investment Co had no debt ⁽¹⁾.

BKI Investment Co (ASX:BKI) 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.

BKI Investment Co Cash-to-Debt Related Terms

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BKI Investment Co (ASX:BKI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BKI Investment Co Ltd (ASX:BKI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Castlereagh Street, Suite 302, Level 3, Sydney, NSW, AUS, 2000

Website

https://www.bkilimited.com.au

BKI Investment Co Ltd invests in a diversified portfolio of Australian shares, trusts, and interest-bearing securities. The objective of the company is to generate an increasing income stream for distribution to shareholders in the form of fully franked dividends to the extent of available imputation tax credits, through long-term investment in a portfolio of assets that are also able to deliver long-term capital growth to shareholders.