KB (KB Financial Group) Cash-to-Debt : 0.22 (As of Sep. 2024)

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What is KB Financial Group 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. KB Financial Group's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.22.

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, KB Financial Group 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 KB Financial Group's Cash-to-Debt or its related term are showing as below:

KB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 0.3 Max: 0.37
Current: 0.24

During the past 13 years, KB Financial Group's highest Cash to Debt Ratio was 0.37. The lowest was 0.24. And the median was 0.30.

KB's Cash-to-Debt is ranked worse than
86.23% of 1503 companies
in the Banks industry
Industry Median: 1.33 vs KB: 0.24

KB Financial Group Cash-to-Debt Historical Data

The historical data trend for KB Financial Group'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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KB Financial Group Cash-to-Debt Chart

KB Financial Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.30

0.26

0.28

0.25

0.24

KB Financial Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.25	0.25	0.25	0.22	0.24

Competitive Comparison of KB Financial Group's Cash-to-Debt

For the Banks - Regional subindustry, KB Financial Group'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.

KB Financial Group's Cash-to-Debt Distribution in the Banks Industry

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

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

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KB Financial Group 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.

KB Financial Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 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)
	=	21383.901	/	(0	+	88866.776)
	=	0.24

KB Financial Group's Cash to Debt Ratio for the quarter that ended in Sep. 2024 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)
	=	19710.654	/	(0	+	91825.832)
	=	0.21

KB Financial Group (NYSE:KB) 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.

KB Financial Group Cash-to-Debt Related Terms

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KB Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » KB Financial Group Inc (NYSE:KB) » Definitions » Cash-to-Debt

Traded in Other Exchanges

105560:Korea KBIA:Germany K1BF34:Brazil KB:Argentina

Address

26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul, KOR, 07331

Website

https://www.kbfg.com

KB Financial Group Inc is a financial holding company in Korea. The company operations include Kookmin Bank, one of the commercial banks in Korea. The company's subsidiaries collectively engage in a broad range of businesses, including commercial banking, credit cards, asset management, non-life and life insurance, capital markets activities, and international banking and finance. The company's segment includes the Banking business, Securities business, Non-life Insurance business, Credit card business, and life Insurance business. The Group generates the majority of its revenue from the Banking business.