African And Overseas Enterprises (JSE:AON) Cash-to-Debt : 0.12 (As of Dec. 2023)

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What is African And Overseas Enterprises 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. African And Overseas Enterprises's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.12.

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, African And Overseas Enterprises couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for African And Overseas Enterprises's Cash-to-Debt or its related term are showing as below:

JSE:AON' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 1.32 Max: No Debt
Current: 0.12

During the past 13 years, African And Overseas Enterprises's highest Cash to Debt Ratio was No Debt. The lowest was 0.10. And the median was 1.32.

JSE:AON's Cash-to-Debt is ranked worse than
80.31% of 1107 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs JSE:AON: 0.12

African And Overseas Enterprises Cash-to-Debt Historical Data

The historical data trend for African And Overseas Enterprises'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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African And Overseas Enterprises Cash-to-Debt Chart

African And Overseas Enterprises Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.59

0.17

0.32

0.27

0.10

African And Overseas Enterprises 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															0.41	0.27	0.21	0.10	0.12

Competitive Comparison of African And Overseas Enterprises's Cash-to-Debt

For the Apparel Retail subindustry, African And Overseas Enterprises'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.

African And Overseas Enterprises's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, African And Overseas Enterprises's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where African And Overseas Enterprises's Cash-to-Debt falls into.

African And Overseas Enterprises 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.

African And Overseas Enterprises'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)
	=	49.873	/	(72.334	+	445.354)
	=	0.10

African And Overseas Enterprises'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)
	=	64.654	/	(61.91	+	465.106)
	=	0.12

African And Overseas Enterprises (JSE:AON) 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.

African And Overseas Enterprises Cash-to-Debt Related Terms

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

African And Overseas Enterprises (JSE:AON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » African And Overseas Enterprises Ltd (JSE:AON) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

263 Victoria Road, Rex Trueform Office Park, Salt River,, Cape Town, WC, ZAF, 7925

Website

https://www.rextrueform.com

African And Overseas Enterprises Ltd is an investment holding company. The company operates in five segments: Retail division comprises the retailing of fashion apparel through Queenspark stores in South Africa. Property division comprises of the group's property portfolio based in Cape Town which includes both investment and owner-occupied properties.; Water infrastructure segment comprises an indirect investment made in a private water and wastewater utility group operating in the South African provinces of Mpumalanga and KwaZulu-Natal, Media and broadcasting comprises the provision of media and satellite equipment and services through Telemedia, and the Group Services division manages the corporate responsibility and includes corporate costs. The Retail Segment derives maximum revenue.