Krones AG (CHIX:KRND) Cash-to-Debt

: 3.21 (As of Dec. 2023)

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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. Krones AG's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.21.

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

CHIX:KRNd' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.68 Med: 6.74 Max: No Debt
Current: 3.21

During the past 13 years, Krones AG's highest Cash to Debt Ratio was No Debt. The lowest was 0.68. And the median was 6.74.

CHIX:KRNd's Cash-to-Debt is ranked better than
66.19% of 2999 companies
in the Industrial Products industry
Industry Median: 1.22 vs CHIX:KRNd: 3.21

Krones AG Cash-to-Debt Historical Data

The historical data trend for Krones AG'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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Krones AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.68

1.71

3.74

6.08

3.21

Krones AG 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																6.08	4.18	1.85	1.62	3.21

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Krones AG'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.

Krones AG Cash-to-Debt Distribution

For the Industrial Products industry and Industrials sector, Krones AG's Cash-to-Debt distribution charts can be found below:

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

Krones AG 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.

Krones AG'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)
	=	448.364	/	(37.036	+	102.704)
	=	3.21

Krones AG'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)
	=	448.364	/	(37.036	+	102.704)
	=	3.21

Krones AG (CHIX:KRNd) 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.

Krones AG Cash-to-Debt Related Terms

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Krones AG (CHIX:KRND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Krones AG (CHIX:KRNd) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KRNTY:USA 0LQ4:UK KRN:Germany

Address

Bohmerwaldstrasse 5, Neutraubling, BY, DEU, 93073

Website

https://www.krones.com

Krones AG offers machinery and systems for filling, packaging, and producing beverages. Part of its product portfolio is information technology and planning associated with logistics and production lines. In addition to packaging, the company has cellar systems to treat and store sensitive beverages. Krones has two reportable segments: product filling and decoration, which is the highest revenue segment, and machines and lines for beverage production and process technology segment. Its customer base includes companies in the beverage, food, chemical, pharmaceutical, and cosmetic industries, but beverage companies account the Krones' revenue. While the company has a presence, Germany remains the central location for the development of machines, lines, and services.

Krones AG (CHIX:KRND) Headlines

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