Kina Securities (ASX:KSL) Cash-to-Debt : 48.36 (As of Dec. 2023)

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What is Kina Securities 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. Kina Securities's cash to debt ratio for the quarter that ended in Dec. 2023 was 48.36.

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, Kina Securities could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:KSL' s Cash-to-Debt Range Over the Past 10 Years
Min: 18.05 Med: 48.36 Max: No Debt
Current: 48.36

During the past 9 years, Kina Securities's highest Cash to Debt Ratio was No Debt. The lowest was 18.05. And the median was 48.36.

ASX:KSL's Cash-to-Debt is ranked better than
60.96% of 520 companies
in the Diversified Financial Services industry
Industry Median: 4.68 vs ASX:KSL: 48.36

Kina Securities Cash-to-Debt Historical Data

The historical data trend for Kina Securities'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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Kina Securities Cash-to-Debt Chart

Kina Securities Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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18.05

20.77

24.64

39.54

48.36

Kina Securities Semi-Annual Data
	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												24.64	8.28	39.54	10.31	48.36

Competitive Comparison of Kina Securities's Cash-to-Debt

For the Financial Conglomerates subindustry, Kina Securities'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.

Kina Securities's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Kina Securities's Cash-to-Debt distribution charts can be found below:

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

Kina Securities 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.

Kina Securities's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	633.244	/	(0	+	13.095)
	=	48.36

Kina Securities's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	633.244	/	(0	+	13.095)
	=	48.36

Kina Securities (ASX:KSL) 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.

Kina Securities Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Kina Securities's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Kina Securities (ASX:KSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Kina Securities Ltd (ASX:KSL) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Douglas Street, PO Box 1141, 9th Level, Kina Bank Haus, Port Moresby, PNG, NCD 121

Website

https://www.kinabank.com.pg

Kina Securities Ltd provides diversified financial products and services. The company offers banking services, personal and commercial loans, money market operations, provision of share brokerage, fund administration, investment management services asset financing, and corporate advice. The Group's reportable segments include Kina Bank and Kina Wealth Management. The bank segment includes the operations of the Kina Bank while the Wealth Management segment includes fund management and fund administration business. It derives the majority of its revenues from the banking segment.

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