Just Kitchen Holdings (TSXV:JK) Cash-to-Debt : 0.47 (As of Mar. 2023)

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What is Just Kitchen Holdings 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. Just Kitchen Holdings's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.47.

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, Just Kitchen Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

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

TSXV:JK's Cash-to-Debt is not ranked ^*
in the Restaurants industry.
Industry Median: 0.4
* Ranked among companies with meaningful Cash-to-Debt only.

Just Kitchen Holdings Cash-to-Debt Historical Data

The historical data trend for Just Kitchen Holdings'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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Just Kitchen Holdings Cash-to-Debt Chart

Just Kitchen Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Cash-to-Debt

0.25

6.72

0.78

Just Kitchen Holdings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial								3.68	1.93	0.78	0.18	0.47

Competitive Comparison of Just Kitchen Holdings's Cash-to-Debt

For the Restaurants subindustry, Just Kitchen Holdings'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.

Just Kitchen Holdings's Cash-to-Debt Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Just Kitchen Holdings's Cash-to-Debt distribution charts can be found below:

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

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Just Kitchen Holdings 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.

Just Kitchen Holdings's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	2.765	/	(1.36	+	2.178)
	=	0.78

Just Kitchen Holdings's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	1.467	/	(1.398	+	1.72)
	=	0.47

Just Kitchen Holdings (TSXV:JK) 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.

Just Kitchen Holdings Cash-to-Debt Related Terms

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Just Kitchen Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Just Kitchen Holdings Corp (TSXV:JK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6

Website

https://en.justkitchen.com

Just Kitchen Holdings Corp is a cloud kitchen meal preparation company with operations in Taiwan, Hong Kong, Singapore, Philippines, Malaysia, and Thailand. The Company combines advanced food preparation with underused real estate and leverages online mobile application-based food ordering and delivery companies reaching wider geographies, which includes under-served markets. The company's business model combines strategically located cloud kitchens or virtual kitchens in a hub-and-spoke infrastructure throughout high-density urban areas.

Executives

Adam Kniec	Senior Officer
Jason Hsin How Chen	Director, Senior Officer
Darren Devine	Director
Darryl Cardey	Director
Chun Wen Yu	Senior Officer

Just Kitchen Holdings Headlines

No Headlines