Keras Resources (LSE:KRS) Cash-to-Debt : 0.64 (As of Jun. 2023)

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What is Keras Resources 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. Keras Resources's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.64.

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, Keras Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

LSE:KRS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: No Debt Max: No Debt
Current: 0.64

During the past 11 years, Keras Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.07. And the median was No Debt.

LSE:KRS's Cash-to-Debt is ranked worse than
73.3% of 2637 companies
in the Metals & Mining industry
Industry Median: 18.37 vs LSE:KRS: 0.64

Keras Resources Cash-to-Debt Historical Data

The historical data trend for Keras Resources'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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Keras Resources Cash-to-Debt Chart

Keras Resources Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1.64

Keras Resources Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	2.40	1.64	0.64

Competitive Comparison of Keras Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Keras Resources'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.

Keras Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Keras Resources's Cash-to-Debt distribution charts can be found below:

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

Keras Resources 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.

Keras Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.207	/	(0.126	+	0)
	=	1.64

Keras Resources's Cash to Debt Ratio for the quarter 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)
	=	0.039	/	(0.061	+	0)
	=	0.64

Keras Resources (LSE:KRS) 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.

Keras Resources Cash-to-Debt Related Terms

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Keras Resources (LSE:KRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Keras Resources PLC (LSE:KRS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KRS.GB:UK

Address

Downside Bridge Road, Coveham House, Cobham, Surrey, GBR, KT11 3EP

Website

https://www.kerasplc.com

Keras Resources PLC is engaged in exploration and mining. It principally engages in the business of manganese and cobalt exploration in West Africa. The company's main projects are the Nayega manganese project and the Diamond Creek Phosphate mine. The operation produces a variety of organic phosphate products directly for the US fertilizer market. It derives a majority of its revenue from the US.

Keras Resources (LSE:KRS) Headlines

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