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Kioxia HoldingsKXHCF -10.68%18 Cash-to-Debt is 0.38 as of Mar. 2026, which is 124% above its 10-year median of 0.17. GuruFocus rates KXHCF with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 982 Semiconductors companies, Kioxia Holdings ranks worse than 80.86% on this metric.
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. Kioxia Holdings's cash to debt ratio for the quarter that ended in Mar. 2026 was 0.38.
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, Kioxia Holdingscouldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Kioxia Holdings's Cash-to-Debt or its related term are showing as below:
KXHCF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.17 Max: 0.38
Current: 0.38
During the past 5 years, Kioxia Holdings's highest Cash to Debt Ratio was 0.38. The lowest was 0.00. And the median was 0.17.
KXHCF's Cash-to-Debt is ranked worse than 80.86% of 982
companies
in the Semiconductors industry
Industry Median: 1.72
vs KXHCF: 0.38
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.
Kioxia Holdings Cash-to-Debt Related Terms
Kioxia Holdings Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Kioxia Holdings'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.
For the Semiconductors subindustry, Kioxia Holdings'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.
Kioxia Holdings Cash-to-Debt vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Kioxia Holdings's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Kioxia Holdings's Cash-to-Debt falls into.
* 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.
Kioxia Holdings (KXHCF) has a Cash-to-Debt of 0.38 as of Mar. 2026. This is 124% above median its historical median of 0.17. According to the industry distribution chart, Kioxia Holdings ranks #794 out of 982 companies in the Semiconductors industry, placing it in the top 80.9%.
Is Kioxia Holdings' Cash-to-Debt too high?
Kioxia Holdings' current Cash-to-Debt of 0.38 is 124% above median its 10-year median of 0.17. The Semiconductors industry median Cash-to-Debt is 1.72. Kioxia Holdings' value of 0.38 is 77.9% below this industry median. Based on the distribution chart, Kioxia Holdings ranks #794 out of 982 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Kioxia Holdings has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Kioxia Holdings' Cash-to-Debt compare to ?
According to the Semiconductors industry distribution chart, Kioxia Holdings ranks #794 out of 982 companies for Cash-to-Debt. This places Kioxia Holdings in the lower half of its industry. The industry median Cash-to-Debt is 1.72. Kioxia Holdings' value of 0.38 is 77.9% below this benchmark. While the company's 10-year median is 0.17 vs. the industry median of 1.72, Kioxia Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Semiconductors company?
The median Cash-to-Debt among Semiconductors companies is 1.72, based on 982 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kioxia Holdings's current Cash-to-Debt of 0.38 is 77.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Semiconductors industry, the median Cash-to-Debt is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kioxia Holdings's current Cash-to-Debt is 0.38, which is 124% above median its own 10-year median of 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kioxia Holdings stock overvalued right now?
Kioxia Holdings (KXHCF) has a current Cash-to-Debt of 0.38. The current Cash-to-Debt is 0.38, which is 124% above median its 10-year median of 0.17 and 77.9% below the Semiconductors industry median of 1.72. Kioxia Holdings' overall GF Score™ is 18/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Kioxia Holdings (KXHCF), the current Cash-to-Debt is 0.38 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Kioxia Holdings is a Japan-based semiconductor memory manufacturer focusing on NAND memory chips. The company is currently the third-largest NAND supplier globally, with a 14% market share as of 2024. The largest single shareholder of Kioxia is currently Toshiba, which had a 21.9% stake as of November 2025. Kioxia operates nine fabs across Japan: seven in Yokkaichi and two in Kitakami. They are mostly run via a joint venture with Sandisk, Flash Ventures. Flash Ventures is 51% owned by Kioxia. The company's memory chips are used in various consumer electronics and enterprise infrastructure, such as PCs, smartphones, servers, and USB sticks. Of Kioxia's revenue, 51% comes from the sales of NAND memory used in solid-state drives, which are used in PCs and servers.
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