Kreon Financial Services (BOM:530139) Cash-to-Debt : 0.65 (As of Sep. 2024)

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What is Kreon Financial Services 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. Kreon Financial Services's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.65.

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, Kreon Financial Services couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

BOM:530139' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.13 Max: No Debt
Current: 0.65

During the past 13 years, Kreon Financial Services's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.13.

BOM:530139's Cash-to-Debt is ranked better than
65.76% of 517 companies
in the Credit Services industry
Industry Median: 0.22 vs BOM:530139: 0.65

Kreon Financial Services Cash-to-Debt Historical Data

The historical data trend for Kreon Financial Services'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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Kreon Financial Services Cash-to-Debt Chart

Kreon Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.14

0.32

0.88

0.29

1.08

Kreon Financial Services Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.80	N/A	1.08	N/A	0.65

Competitive Comparison of Kreon Financial Services's Cash-to-Debt

For the Credit Services subindustry, Kreon Financial Services'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.

Kreon Financial Services's Cash-to-Debt Distribution in the Credit Services Industry

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

* The bar in red indicates where Kreon Financial Services's Cash-to-Debt falls into.

Kreon Financial Services 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.

Kreon Financial Services's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	315.356	/	(279.675	+	12.133)
	=	1.08

Kreon Financial Services's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	211.635	/	(0	+	324.009)
	=	0.65

Kreon Financial Services (BOM:530139) 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.

Kreon Financial Services Cash-to-Debt Related Terms

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

Kreon Financial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Kreon Financial Services Ltd (BOM:530139) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26, 22nd Street, Rathinam Nagar, Thiruvanmiyur, Chennai, TN, IND, 600 041

Website

https://www.kreon.in

Kreon Financial Services Ltd is an investment company. It is engaged in financing activities along with investing in long-term and short-term projects, securities, and debt-related instruments. The company's segment includes the Commercial Lending Division and Digital Lending Division -StuCred. It generates maximum revenue from the Digital Lending Division -StuCred segment.

Kreon Financial Services Headlines

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