KeyStar (KeyStar) Cash-to-Debt : 0.02 (As of Mar. 2024)

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What is KeyStar 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. KeyStar's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.02.

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, KeyStar couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

KEYR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.34 Max: 1.19
Current: 0.02

During the past 4 years, KeyStar's highest Cash to Debt Ratio was 1.19. The lowest was 0.01. And the median was 0.34.

KEYR's Cash-to-Debt is ranked worse than
96.47% of 822 companies
in the Travel & Leisure industry
Industry Median: 0.56 vs KEYR: 0.02

KeyStar Cash-to-Debt Historical Data

The historical data trend for KeyStar'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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KeyStar Cash-to-Debt Chart

KeyStar Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

0.84

1.19

0.28

0.05

KeyStar Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial											0.14	0.05	0.01	0.01	0.02

Competitive Comparison of KeyStar's Cash-to-Debt

For the Gambling subindustry, KeyStar'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.

KeyStar's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, KeyStar's Cash-to-Debt distribution charts can be found below:

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

KeyStar 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.

KeyStar's Cash to Debt Ratio for the fiscal year 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)
	=	0.355	/	(6.348	+	0.85)
	=	0.05

KeyStar's Cash to Debt Ratio for the quarter 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)
	=	0.142	/	(5.58	+	0.621)
	=	0.02

KeyStar (OTCPK:KEYR) 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.

KeyStar Cash-to-Debt Related Terms

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KeyStar (KeyStar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » KeyStar Corp (OTCPK:KEYR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

78 SW 7th Street, Suite 800, Miami, FL, USA, 33130

Website

https://keystarcorp.com

KeyStar Corp owns and operates ZenSports, a mobile gaming platform for consumers that offers a traditional sports book, peer-to-peer sports betting, and wagering in fiat and cryptocurrencies.

Executives

Zensports, Inc.	10 percent owner	78 SW 7TH STREET, SUITE 800, MIAMI FL 33130
Mark Anthony Thomas	10 percent owner	78 SW 7TH STREET, SUITE 800, MIAMI FL 33130
Zixiao Chen	director, 10 percent owner, officer: CFO and Treasurer	4616 W. SAHARA AVE., SUITE 256, LAS VEGAS NV 89103
Steven J Lane	director, 10 percent owner, officer: President and CEO	9620 LAS VEGAS BLVD. S, STE E4-98, LAS VEGAS NV 89123

KeyStar (KeyStar) Headlines

From GuruFocus

KeyStar Corp. Closes $2.9M+ Round of Funding

By ACCESSWIRE ACCESSWIRE • 05-11-2023

KeyStar Corp. CEO Mark Thomas to Move Into Consulting Role; Bruce Cassidy Becomes Interim CEO

By ACCESSWIRE • 10-31-2023

KeyStar Corp. Receives Tennessee Sports Betting License

By ACCESSWIRE ACCESSWIRE • 05-25-2023

KeyStar Corp. Opens New Round of Funding

By ACCESSWIRE • 07-24-2023

ZenSports Launches Sports Betting App in Tennessee

By ACCESSWIRE ACCESSWIRE • 06-08-2023