Kraken Robotics (Kraken Robotics) Cash-to-Debt : 0.32 (As of Dec. 2023)

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What is Kraken Robotics 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. Kraken Robotics's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.32.

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, Kraken Robotics couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

KRKNF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: 1.09 Max: No Debt
Current: 0.32

During the past 13 years, Kraken Robotics's highest Cash to Debt Ratio was No Debt. The lowest was 0.32. And the median was 1.09.

KRKNF's Cash-to-Debt is ranked worse than
81.9% of 2376 companies
in the Hardware industry
Industry Median: 1.335 vs KRKNF: 0.32

Kraken Robotics Cash-to-Debt Historical Data

The historical data trend for Kraken Robotics'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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Kraken Robotics Cash-to-Debt Chart

Kraken Robotics Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.09

2.58

0.44

0.51

0.32

Kraken Robotics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.51	0.27	0.47	0.06	0.32

Competitive Comparison of Kraken Robotics's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Kraken Robotics'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.

Kraken Robotics's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kraken Robotics's Cash-to-Debt distribution charts can be found below:

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

Kraken Robotics 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.

Kraken Robotics's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	3.856	/	(9.171	+	2.906)
	=	0.32

Kraken Robotics's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	3.856	/	(9.171	+	2.906)
	=	0.32

Kraken Robotics (OTCPK:KRKNF) 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.

Kraken Robotics Cash-to-Debt Related Terms

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

Kraken Robotics (Kraken Robotics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kraken Robotics Inc (OTCPK:KRKNF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

2KQ:Germany PNG:Canada

Address

189 Glencoe Drive, Mount Pearl, NL, CAN, A1N 4P6

Website

https://www.krakenrobotics.com

Kraken Robotics Inc is a Canadian company engaged in the design, manufacture and sale of software-centric sensors and underwater robotic systems. It operates in the business segments of Sensors and Platforms which is the design, manufacture, and sale and provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platform; and Power which is the design, manufacture, and sale of subsea power equipment such as drives, thrusters, and batteries. A majority of the revenue is derived from the Sensors and Platforms segment. Geographically, the group generates revenue from Canada, the United States, Europe and other countries.

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