Kantone Holdings (HKSE:01059) Cash-to-Debt : 19.57 (As of Dec. 2023)

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What is Kantone 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. Kantone Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 19.57.

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

HKSE:01059' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.11 Med: 21.04 Max: No Debt
Current: 19.57

During the past 13 years, Kantone Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 2.11. And the median was 21.04.

HKSE:01059's Cash-to-Debt is ranked better than
74.09% of 2725 companies
in the Software industry
Industry Median: 2.49 vs HKSE:01059: 19.57

Kantone Holdings Cash-to-Debt Historical Data

The historical data trend for Kantone 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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Kantone Holdings Cash-to-Debt Chart

Kantone Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

23.46

26.85

21.14

22.91

Kantone Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															33.27	21.14	11.49	22.91	19.57

Competitive Comparison of Kantone Holdings's Cash-to-Debt

For the Information Technology Services subindustry, Kantone 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.

Kantone Holdings's Cash-to-Debt Distribution in the Software Industry

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

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

Kantone 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.

Kantone Holdings'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)
	=	114.787	/	(3.087	+	1.924)
	=	22.91

Kantone Holdings'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)
	=	107.126	/	(2.934	+	2.54)
	=	19.57

Kantone Holdings (HKSE:01059) 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.

Kantone Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Kantone Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Kantone Holdings (HKSE:01059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kantone Holdings Ltd (HKSE:01059) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KTHGF:USA

Address

188 Connaught Road West, Unit 4213, 42nd Floor, Hong Kong, HKG

Website

https://www.tricor.com.hk

Kantone Holdings Ltd is an investment holding company. The company's operating segment includes Sales of cultural products; Technology: System sales including software licensing and services and Technology: Leasing of system products. It generates maximum revenue from the Technology: System sales including software licensing and services segment. Geographically, it derives a majority of its revenue from Europe.

Executives

Innovative City Investments Limited	2101 Beneficial owner
Chan Koon Wa	2201 Interest of corporation controlled by you

Kantone Holdings (HKSE:01059) Headlines

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