Kip McGrath Education Centres (ASX:KME) Cash-to-Debt : 1.76 (As of Dec. 2024)

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What is Kip McGrath Education Centres 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. Kip McGrath Education Centres's cash to debt ratio for the quarter that ended in Dec. 2024 was 1.76.

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, Kip McGrath Education Centres could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for Kip McGrath Education Centres's Cash-to-Debt or its related term are showing as below:

ASX:KME' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.46 Med: 3.41 Max: 15.67
Current: 1.76

During the past 13 years, Kip McGrath Education Centres's highest Cash to Debt Ratio was 15.67. The lowest was 1.46. And the median was 3.41.

ASX:KME's Cash-to-Debt is ranked better than
53.16% of 269 companies
in the Education industry
Industry Median: 1.33 vs ASX:KME: 1.76

Kip McGrath Education Centres Cash-to-Debt Historical Data

The historical data trend for Kip McGrath Education Centres'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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Kip McGrath Education Centres Cash-to-Debt Chart

Kip McGrath Education Centres Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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3.72

4.79

2.42

2.52

1.46

Kip McGrath Education Centres Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															1.73	2.52	1.62	1.46	1.76

Competitive Comparison of Kip McGrath Education Centres's Cash-to-Debt

For the Education & Training Services subindustry, Kip McGrath Education Centres'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.

Kip McGrath Education Centres's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Kip McGrath Education Centres's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kip McGrath Education Centres's Cash-to-Debt falls into.

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Kip McGrath Education Centres 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.

Kip McGrath Education Centres's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	5.397	/	(2.33	+	1.36)
	=	1.46

Kip McGrath Education Centres's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	5.728	/	(1.184	+	2.072)
	=	1.76

Kip McGrath Education Centres (ASX:KME) 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.

Kip McGrath Education Centres Cash-to-Debt Related Terms

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Kip McGrath Education Centres Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Kip McGrath Education Centres Ltd (ASX:KME) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Bond Street, Newcastle, NSW, AUS, 2300

Website

https://www.kipmcgrath.com

Kip McGrath Education Centres Ltd offers supplementary education to students through the franchise in Australia and overseas, in the United Kingdom and New Zealand. Its products are face-to-face tuition programs, direct at-home educational products, and online tertiary courses. Geographically, the company operates in Australasia, the United Kingdom and Europe, and Other overseas regions. It derives revenue from franchise fees, student lesson fees, sales of master territories and franchise centers, and direct sales, of which a majority of the revenue is derived from franchise fees.