Kermann IT Solutions Nyrt (BUD:KERMANNIT) Cash-to-Debt : 0.19 (As of Jun. 2023)

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What is Kermann IT Solutions Nyrt 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. Kermann IT Solutions Nyrt's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.19.

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, Kermann IT Solutions Nyrt couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Kermann IT Solutions Nyrt's Cash-to-Debt or its related term are showing as below:

BUD:KERMANNIT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.25 Max: 1.22
Current: 0.19

During the past 3 years, Kermann IT Solutions Nyrt's highest Cash to Debt Ratio was 1.22. The lowest was 0.18. And the median was 0.25.

BUD:KERMANNIT's Cash-to-Debt is ranked worse than
86.65% of 2801 companies
in the Software industry
Industry Median: 2.51 vs BUD:KERMANNIT: 0.19

Kermann IT Solutions Nyrt Cash-to-Debt Historical Data

The historical data trend for Kermann IT Solutions Nyrt'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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Kermann IT Solutions Nyrt Cash-to-Debt Chart

Kermann IT Solutions Nyrt Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

0.18

1.22

0.31

Kermann IT Solutions Nyrt Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	0.18	1.22	N/A	0.31	0.19

Competitive Comparison of Kermann IT Solutions Nyrt's Cash-to-Debt

For the Information Technology Services subindustry, Kermann IT Solutions Nyrt'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.

Kermann IT Solutions Nyrt's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Kermann IT Solutions Nyrt's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kermann IT Solutions Nyrt's Cash-to-Debt falls into.

Kermann IT Solutions Nyrt 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.

Kermann IT Solutions Nyrt's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	203.978	/	(119.651	+	539.758)
	=	0.31

Kermann IT Solutions Nyrt's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	176.47	/	(98.948	+	835.084)
	=	0.19

Kermann IT Solutions Nyrt (BUD:KERMANNIT) 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.

Kermann IT Solutions Nyrt Cash-to-Debt Related Terms

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

Kermann IT Solutions Nyrt (BUD:KERMANNIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kermann IT Solutions Nyrt (BUD:KERMANNIT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Röppenty? u. 48, Budapest, HUN, H-1139

Website

https://www.kermann.hu

Kermann IT Solutions Nyrt is a IT solution company. It provides system integration services, IT support, IT consultancy, Network services, etc.

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