OK Zimbabwe (XZIM:OKZ.ZW) Cash-to-Debt : 0.37 (As of Sep. 2023)

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

What is OK Zimbabwe 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. OK Zimbabwe's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.37.

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, OK Zimbabwe couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

XZIM:OKZ.ZW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.37 Max: No Debt
Current: 0.37

During the past 9 years, OK Zimbabwe's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was 0.37.

XZIM:OKZ.ZW's Cash-to-Debt is ranked worse than
54.38% of 1107 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs XZIM:OKZ.ZW: 0.37

OK Zimbabwe Cash-to-Debt Historical Data

The historical data trend for OK Zimbabwe'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.

OK Zimbabwe Cash-to-Debt Chart

OK Zimbabwe Annual Data

Trend

Mar09

Mar11

Mar12

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1.82

0.64

0.19

0.14

OK Zimbabwe Semi-Annual Data
	Mar11	Sep11	Mar12	Sep12	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial											0.08	0.19	0.25	0.14	0.37

Competitive Comparison of OK Zimbabwe's Cash-to-Debt

For the Department Stores subindustry, OK Zimbabwe'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.

OK Zimbabwe's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, OK Zimbabwe's Cash-to-Debt distribution charts can be found below:

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

OK Zimbabwe 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.

OK Zimbabwe's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	3122.751	/	(8561.003	+	13908.52)
	=	0.14

OK Zimbabwe's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	31499.519	/	(21426.218	+	63195.13)
	=	0.37

OK Zimbabwe (XZIM:OKZ.ZW) 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.

OK Zimbabwe Cash-to-Debt Related Terms

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

OK Zimbabwe (XZIM:OKZ.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » OK Zimbabwe Ltd (XZIM:OKZ.ZW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

OK House, 7 Ramon Road, P.O. Box 3081, Graniteside, Harare, ZWE

Website

https://www.okziminvestor.com

OK Zimbabwe Ltd is a supermarket retailer in Zimbabwe. The company's business covers three categories including groceries, basic clothing and textiles, and houseware products. Its groceries category includes dry groceries, butchery, delicatessen, takeaway, bakery, provisions and fruit, and vegetable sections. The company trades its product under brand names, including OK Stores, Bon Marche Stores, and OKmart.

OK Zimbabwe (XZIM:OKZ.ZW) Headlines

No Headlines