Kakel Max AB (OSTO:KAKEL) Cash-to-Debt : 2.19 (As of Mar. 2024)

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What is Kakel Max AB 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. Kakel Max AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.19.

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

OSTO:KAKEL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 0.53 Max: 4.46
Current: 0.36

During the past 13 years, Kakel Max AB's highest Cash to Debt Ratio was 4.46. The lowest was 0.26. And the median was 0.53.

OSTO:KAKEL's Cash-to-Debt is ranked worse than
55.38% of 372 companies
in the Building Materials industry
Industry Median: 0.465 vs OSTO:KAKEL: 0.36

Kakel Max AB Cash-to-Debt Historical Data

The historical data trend for Kakel Max AB'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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Kakel Max AB Cash-to-Debt Chart

Kakel Max AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.26

0.57

0.26

0.44

0.36

Kakel Max AB 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															1.54	2.46	1.25	0.36	2.19

Competitive Comparison of Kakel Max AB's Cash-to-Debt

For the Building Materials subindustry, Kakel Max AB'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.

Kakel Max AB's Cash-to-Debt Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Kakel Max AB's Cash-to-Debt distribution charts can be found below:

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

Kakel Max AB 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.

Kakel Max AB'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)
	=	5.363	/	(5.582	+	9.349)
	=	0.36

Kakel Max AB'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)
	=	4.764	/	(0	+	2.178)
	=	2.19

Kakel Max AB (OSTO:KAKEL) 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.

Kakel Max AB Cash-to-Debt Related Terms

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Kakel Max AB (OSTO:KAKEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Kakel Max AB (OSTO:KAKEL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dalvägen 4, Östervåla, SWE, 740 46

Website

http://www.kakelmax.se

Kakel Max AB provides service for professional customers in the market of tile and natural stone and bathroom furniture and accessories. The company's products and services are sold to the customer base through several channels: via its own store network, via the main warehouse and via retailer.

Kakel Max AB (OSTO:KAKEL) Headlines

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