Koss (KOSS) Cash-to-Debt : 5.04 (As of Dec. 2023)

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What is Koss 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. Koss's cash to debt ratio for the quarter that ended in Dec. 2023 was 5.04.

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

KOSS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 4.7 Max: No Debt
Current: 5.04

During the past 13 years, Koss's highest Cash to Debt Ratio was No Debt. The lowest was 0.10. And the median was 4.70.

KOSS's Cash-to-Debt is ranked better than
70.97% of 2470 companies
in the Hardware industry
Industry Median: 1.38 vs KOSS: 5.04

Koss Cash-to-Debt Historical Data

The historical data trend for Koss'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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Koss Cash-to-Debt Chart

Koss Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

0.78

1.30

3.01

2.84

6.67

Koss 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															3.13	4.86	6.67	6.49	5.04

Competitive Comparison of Koss's Cash-to-Debt

For the Consumer Electronics subindustry, Koss'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.

Koss's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Koss's Cash-to-Debt distribution charts can be found below:

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

Koss 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.

Koss'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)
	=	20.155	/	(0.236	+	2.788)
	=	6.67

Koss'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)
	=	14.596	/	(0.233	+	2.663)
	=	5.04

Koss (NAS:KOSS) 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.

Koss Cash-to-Debt Related Terms

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Koss (KOSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Koss Corp (NAS:KOSS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4129 North Port Washington Avenue, Milwaukee, WI, USA, 53212

Website

https://www.koss.com

Koss Corp is engaged in the design, manufacture, and sale of stereo headphones and related accessory products. It operates in the audio/video industry segment of the home entertainment industry. The company markets a line of headphones, wireless Bluetooth headphones, wireless Bluetooth speakers, computer headsets, telecommunications headsets, and active noise-cancelling headphones. The majority of the firm's revenue is derived from sales of stereo headphones.

Executives

William Jesse Sweasy	director	401 LEVEE STREET, RED WING MN 55066
Kim M. Schulte	officer: Chief Financial Officer	4129 NORTH PORT WASHINGTON AVENUE, MILWAUKEE WI 53212
David Donnan Smith	officer: EVP and CFO	4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212
Koss Michael J Jr	officer: VP Marketing & Product	4129 N PORT WASHINGTON AVENUE, MILWAUKEE WI 53212
Michael J Koss	officer: President and CEO	C/O GENIUS PRODUCTS, INC., 740 LOMAS SANTA FE, SUITE 210, SOLANA BEACH CA 92075
Koss John C Jr	officer: Vice President - Sales	C/O KOSS CORPORATION, 4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212
Thomas L. Doerr	director	4129 N. PORT WASHINGTON ROAD, MILWAUKEE WI 53212
Lenore Lillie	officer: VP - Operations	4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212
Nancy Koss 2012 Trust, Dated 12/20/12	10 percent owner	1492 W. CALUMET CT., RIVER HILLS WI 53217
Steven A Leveen	director	1030 SEA SPRAY AVENUE, DELRAY BEACH FL 33483
Theodore Nixon	director	100 SOUTH SPRING STREET, LOUISVILLE KY 40206
Elizabeth A Uecker	officer: Secretary	4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212
John C Koss	director	4129 NORTH PORT WASHINGTON AVE, MILWAUKEE WI 53212
Nancy L Koss	10 percent owner	1492 W. CALUMET CT., RIVER HILLS WI 53217
Koss Family Trust, Dated 9/11/12	10 percent owner	1492 W. CALUMET CT., RIVER HILLS WI 53217