Kainos Group (Kainos Group) Cash-to-Debt : 21.36 (As of Mar. 2024)

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What is Kainos 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. Kainos Group's cash to debt ratio for the quarter that ended in Mar. 2024 was 21.36.

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, Kainos Group could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

KNNNF' s Cash-to-Debt Range Over the Past 10 Years
Min: 9.98 Med: 5039.27 Max: No Debt
Current: 21.36

During the past 12 years, Kainos Group's highest Cash to Debt Ratio was No Debt. The lowest was 9.98. And the median was 5039.27.

KNNNF's Cash-to-Debt is ranked better than
77.74% of 2799 companies
in the Software industry
Industry Median: 2.47 vs KNNNF: 21.36

Kainos Group Cash-to-Debt Historical Data

The historical data trend for Kainos 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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Kainos Group Cash-to-Debt Chart

Kainos Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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9.98

22.22

22.79

78.52

21.36

Kainos Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															22.79	37.23	78.52	27.86	21.36

Competitive Comparison of Kainos Group's Cash-to-Debt

For the Software - Application subindustry, Kainos 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.

Kainos Group's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Kainos Group's Cash-to-Debt distribution charts can be found below:

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

Kainos Group 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.

Kainos Group'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)
	=	160.052	/	(1.29	+	6.205)
	=	21.35

Kainos Group'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)
	=	160.052	/	(1.29	+	6.205)
	=	21.35

Kainos Group (OTCPK:KNNNF) 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.

Kainos Group Cash-to-Debt Related Terms

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

Kainos Group (Kainos Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kainos Group PLC (OTCPK:KNNNF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KNOSl:UK KNOS:UK 1KG:Germany

Address

4-6 Upper Crescent, Kainos House, Belfast, Northern Ireland, GBR, BT7 1NT

Website

https://www.kainos.com

Kainos Group PLC provides information technology services, consulting and software solutions. It is structured into two divisions namely Digital Services and Workday Practice. Digital Services include full life cycle development and support of digital solutions for government and commercial customers. Workday Practice includes includes cloud-based software for Human Capital Management and Financial Management and Planning, Workday Products. The company derives majority of its revenues from the Digital Services segment.

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