Cash from financing is the cash generated/spent from financial activities such as share issuance (buy back), debt issuance (repayment), and dividends paid to preferred and common stockholders.
For the
three
months ended in Sep. 2024,
Zenith Bank paid₦0 Mil more to buy back shares than it received from issuing new shares.
It spent₦1,288,501 Mil paying down its debt.
It paid₦0 Mil more to buy back preferred shares than it received from issuing preferred shares.
It received₦0 Mil from paying cash dividends to shareholders.
It spent₦30,916 Mil on other financial activities.
In all, Zenith Bankspent₦1,319,417 Mil on financial activities for the
three
months ended in Sep. 2024.
Zenith Bank Cash Flow from Financing Historical Data
The historical data trend for Zenith Bank's Cash Flow from Financing 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.
This is the cash generated/spent from financial activities such as share issuance (buy back), debt issuance (repayment), and dividends paid to preferred and common stockholders. In the calculation of free cash flow, cash from financing is not calculated because it is not related to operating activities.
Zenith Bank's Cash from Financing for the fiscal year that ended in Dec. 2023 is calculated as:
Cash Flow from Financing for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦-377,252 Mil.
* 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.
Zenith Bank (NSA:ZENITH) Cash Flow from Financing Explanation
Cash from financing contains six items:
1. Issuance of Stock:
A company may raise cash from issuing new shares. Issuance of stock represents the cash inflow from offering common stock, which is the additional capital contribution to the entity during the period.
Zenith Bank's issuance of stock for the
three
months ended in Sep. 2024 was ₦0 Mil.
2. Repurchase of Stock:
A company may raise cash from issuing new shares. It can also use cash to buy back shares. Repurchase of stock represents the cash outflow to reacquire common stock during the period.
Zenith Bank's repurchase of stock for the
three
months ended in Sep. 2024 was ₦0 Mil.
3. Net Issuance of Debt:
Net issuance of debt is the cash a company received or spent through debt related activities such as debt issuance or debt repayment. If a company pays down its debt during the period, this number will be negative. If a company issued more debt, it receives cash and this number is positive.
Zenith Bank's net issuance of debt for the
three
months ended in Sep. 2024 was ₦-1,288,501 Mil.
Zenith Bank spent₦1,288,501 Mil paying down its debt.
4. Net Issuance of Preferred Stock:
A company may raise cash from issuing new preferred shares. It can also use cash to buy back preferred shares. If this number is positive, it means that the company has received more cash from issuing preferred shares than it has paid to buy back preferred shares. If this number is negative, it means that company has paid more cash to buy back preferred shares than it has received for issuing preferred shares.
Zenith Bank's net issuance of preferred for the
three
months ended in Sep. 2024 was ₦0 Mil.
Zenith Bank paid₦0 Mil more to buy back preferred shares than it received from issuing preferred shares.
5. Cash Flow for Dividends:
Cash flow for dividends refers to the payment of cash to shareholders as dividends when the company generates income.
Zenith Bank's cash flow for dividends for the
three
months ended in Sep. 2024 was ₦0 Mil.
Zenith Bank received₦0 Mil from paying cash dividends to shareholders.
6. Other Financing:
Money spent or earned by company from other financial activities.
Zenith Bank's other financing for the
three
months ended in Sep. 2024 was ₦-30,916 Mil.
Zenith Bank spent₦30,916 Mil on other financial activities.
Zenith Bank Cash Flow from Financing Related Terms
Thank you for viewing the detailed overview of Zenith Bank's Cash Flow from Financing provided by GuruFocus.com. Please click on the following links to see related term pages.
Zenith Bank PLC is a Nigeria- based company. Its core business is the provision of banking and other financial services to corporate and individual customers. The bank provides services such as granting of loans and advances, corporate finance and money market activities. It also provides banking and pension custodial services to a diverse group of corporations, financial institutions, investment funds, governments and individuals; provision of investment advisory, financial planning services and investment product offerings; providing brokerage services, financing services and securities lending services to institutional clients, including mutual funds, pension funds and to high-net-worth individuals. Revenue generated by bank consists of interest income, fees and commission received.
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