Kier Group (LSE:KIE) Cash-to-Debt : 0.68 (As of Dec. 2023)

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What is Kier 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. Kier Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.68.

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

LSE:KIE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.35 Med: 0.61 Max: 0.8
Current: 0.68

During the past 13 years, Kier Group's highest Cash to Debt Ratio was 0.80. The lowest was 0.35. And the median was 0.61.

LSE:KIE's Cash-to-Debt is ranked better than
51.78% of 1653 companies
in the Construction industry
Industry Median: 0.62 vs LSE:KIE: 0.68

Kier Group Cash-to-Debt Historical Data

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

Kier Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.62

0.45

0.70

0.65

0.75

Kier Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.50	0.65	0.49	0.75	0.68

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

For the Engineering & Construction subindustry, Kier 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.

Kier Group's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Kier Group's Cash-to-Debt distribution charts can be found below:

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

Kier 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.

Kier Group'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)
	=	377.9	/	(36.2	+	465.5)
	=	0.75

Kier Group'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)
	=	333.5	/	(35.3	+	455.1)
	=	0.68

Kier Group (LSE:KIE) 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.

Kier Group Cash-to-Debt Related Terms

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Kier Group (LSE:KIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kier Group PLC (LSE:KIE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KIEl:UK 10I:Germany

Address

Optimum House, 2nd Floor, Clippers Quay, Salford, GBR, M50 3XP

Website

http://www.kier.co.uk

Kier Group PLC is a construction, services, and property company that builds and maintains projects for various sectors. Its design and engineering capabilities meet the specifications for public and private customers. The construction segment works in both the public and private sectors through local bases and offers national coverage for its clients. The infrastructure services segment is focused on four main markets: highways, utilities, infrastructure, and rail. The property segment, which invests and develops schemes and sites across the United Kingdom and the last segment is corporate segment. Kier plans to divest from this segment to free up capital for the other segments. The U.K. accounts majority of its revenue, with the rest split among the Americas, Middle East, and Far East.