Kelso Technologies (Kelso Technologies) Cash-to-Debt : 84.35 (As of Dec. 2023)

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What is Kelso Technologies 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. Kelso Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 84.35.

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, Kelso Technologies could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

KIQSF' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.96 Med: 5041.83 Max: No Debt
Current: 83.65

During the past 13 years, Kelso Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 6.96. And the median was 5041.83.

KIQSF's Cash-to-Debt is ranked better than
94.82% of 965 companies
in the Transportation industry
Industry Median: 0.49 vs KIQSF: 83.65

Kelso Technologies Cash-to-Debt Historical Data

The historical data trend for Kelso Technologies'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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Kelso Technologies Cash-to-Debt Chart

Kelso Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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24.96

6.99

11.73

18.45

84.35

Kelso Technologies 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															18.45	21.08	31.75	54.85	84.35

Competitive Comparison of Kelso Technologies's Cash-to-Debt

For the Railroads subindustry, Kelso Technologies'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.

Kelso Technologies's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Kelso Technologies's Cash-to-Debt distribution charts can be found below:

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

Kelso Technologies 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.

Kelso Technologies'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)
	=	1.434	/	(0.017	+	0)
	=	84.35

Kelso Technologies'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)
	=	1.434	/	(0.017	+	0)
	=	84.35

Kelso Technologies (OTCPK:KIQSF) 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.

Kelso Technologies Cash-to-Debt Related Terms

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Kelso Technologies (Kelso Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kelso Technologies Inc (OTCPK:KIQSF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LB4A:Germany KLS:Canada

Address

13966, 18B Avenue, Surrey, BC, CAN, V4A 8J1

Website

https://www.kelsotech.com

Kelso Technologies Inc is a railway equipment supplier that produces and sells tank car service equipment used for the safe loading, unloading, and containment of hazardous materials during transport. The firm designs, engineers, markets, produces, and distributes various pressure relief valves and manway securement systems designed to reduce the risk of environmental harm due to non-accidental events in the transportation of hazardous commodities via railroad tank cars.

Kelso Technologies (Kelso Technologies) Headlines

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