NMBZ Holding (LSE:NMB) Cash-to-Debt : 1.30 (As of Dec. 2023)

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What is NMBZ Holding 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. NMBZ Holding's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.30.

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

LSE:NMB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.78 Med: 8.06 Max: 74.68
Current: 1.3

During the past 9 years, NMBZ Holding's highest Cash to Debt Ratio was 74.68. The lowest was 0.78. And the median was 8.06.

LSE:NMB's Cash-to-Debt is ranked better than
50.28% of 1426 companies
in the Banks industry
Industry Median: 1.29 vs LSE:NMB: 1.30

NMBZ Holding Cash-to-Debt Historical Data

The historical data trend for NMBZ Holding'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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NMBZ Holding Cash-to-Debt Chart

NMBZ Holding Annual Data

Trend

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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17.36

14.81

0.78

0.97

1.30

NMBZ Holding Semi-Annual Data
	Dec09	Jun11	Dec11	Jun12	Dec12	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											0.78	15.21	0.97	1.20	1.30

Competitive Comparison of NMBZ Holding's Cash-to-Debt

For the Banks - Regional subindustry, NMBZ Holding'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.

NMBZ Holding's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, NMBZ Holding's Cash-to-Debt distribution charts can be found below:

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

NMBZ Holding Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

NMBZ Holding's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1094.36	/	(0	+	839.993)
	=	1.30

NMBZ Holding's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1094.36	/	(0	+	839.993)
	=	1.30

NMBZ Holding (LSE:NMB) 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.

NMBZ Holding Cash-to-Debt Related Terms

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NMBZ Holding (LSE:NMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NMBZ Holding Ltd (LSE:NMB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NMB.ZW:Zimbabwe

Address

19207 Liberation Legacy Way, PO Box 2564, Borrowdale, Harare, ZWE

Website

https://www.nmbz.co.zw

NMBZ Holding Ltd is an investment holding company. Through its subsidiary, it operates in five segments: Retail Banking, Corporate Banking, Digital Banking, Treasury, International Banking, and others. Its Retail Banking segment includes individual customer's deposits and consumer overdrafts, credit card facilities, and funds transfer facilities. The Digital Banking segment handles the Bank's Digital Banking products, including Card and POS Services. Its Corporate Banking segment includes loans and other credit facilities and deposit and current accounts for corporate and institutional customers. The Treasury segment includes money market investment, securities trading, accepting and discounting of instruments, and foreign currency trading.

NMBZ Holding (LSE:NMB) Headlines

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