Kindred Group (LTS:0RDS) Cash-to-Debt : 1.53 (As of Mar. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Kindred Group 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. Kindred Group's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.53.

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, Kindred Group could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

LTS:0RDS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 1.2 Max: No Debt
Current: 1.53

During the past 13 years, Kindred Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.23. And the median was 1.20.

LTS:0RDS's Cash-to-Debt is ranked better than
63.25% of 819 companies
in the Travel & Leisure industry
Industry Median: 0.6 vs LTS:0RDS: 1.53

Kindred Group Cash-to-Debt Historical Data

The historical data trend for Kindred Group'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.

* Premium members only.

Kindred Group Cash-to-Debt Chart

Kindred Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.32

1.24

1.16

0.89

0.86

Kindred Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.41	1.10	1.26	0.86	1.53

Competitive Comparison of Kindred Group's Cash-to-Debt

For the Gambling subindustry, Kindred Group'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.

Kindred Group's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Kindred Group's Cash-to-Debt distribution charts can be found below:

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

Kindred Group 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.

Kindred Group'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)
	=	2052.818	/	(198.66	+	2177.468)
	=	0.86

Kindred Group's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	3077.088	/	(197.114	+	1820.324)
	=	1.53

Kindred Group (LTS:0RDS) 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.

Kindred Group Cash-to-Debt Related Terms

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

Kindred Group (LTS:0RDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kindred Group PLC (LTS:0RDS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KNDGF:USA KIND SDB:Sweden KINDs:UK UNBA:Germany

Address

C/o Camilleri Preziosi, South Street, Level 2, Valletta Buildings, Valletta, MLT, VLT 1103

Website

https://www.kindredgroup.com

Kindred Group PLC is an online gambling and gaming business that licenses online casino, poker, bingo, and sports betting. Its geographical reporting segments are as follows: the Nordics, Western Europe, Central, Eastern & Southern Europe, and Other. The company derives a majority of its revenue from Western Europe through gross winnings, betting duties, marketing revenue share, and other cost of sales. It operates through several different online brands, such as Unibet, Bingo.com, Maria Casino, and iGame. The Casino & Games products account for the most revenue, followed by Sports Betting, Poker, and Other.

Kindred Group (LTS:0RDS) Headlines

No Headlines