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AFDG (African Discovery Group) Cash-to-Debt : No Debt (1) (As of Aug. 2023)


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What is African Discovery Group 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 Discovery Group's cash to debt ratio for the quarter that ended in Aug. 2023 was No Debt (1).

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, African Discovery Group could pay off its debt using the cash in hand for the quarter that ended in Aug. 2023.

(1) 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.

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

AFDG's Cash-to-Debt is not ranked *
in the Conglomerates industry.
Industry Median: 0.47
* Ranked among companies with meaningful Cash-to-Debt only.

African Discovery Group Cash-to-Debt Historical Data

The historical data trend for African Discovery Group'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.

African Discovery Group Cash-to-Debt Chart

African Discovery Group Annual Data
Trend Dec10 Feb12 Feb13 Feb15 Feb16 Feb17
Cash-to-Debt
Get a 7-Day Free Trial 0.08 0.17 0.04 0.10 0.15

African Discovery Group Semi-Annual Data
Jun10 Dec10 Jun11 Feb12 Aug12 Feb13 Aug13 Feb15 Aug15 Feb16 Aug16 Feb17 Aug22 Aug23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.10 0.15 0.15 N/A No Debt

Competitive Comparison of African Discovery Group's Cash-to-Debt

For the Conglomerates subindustry, African Discovery Group'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 Discovery Group's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, African Discovery Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where African Discovery Group's Cash-to-Debt falls into.


African Discovery Group 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 Discovery Group's Cash to Debt Ratio for the fiscal year that ended in Feb. 2017 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)
=0.285 / (0.546 + 1.323)
=0.15

African Discovery Group's Cash to Debt Ratio for the quarter that ended in Aug. 2023 is calculated as:

African Discovery Group had no debt (1).

* 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.

African Discovery Group  (OTCPK:AFDG) 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 Discovery Group Cash-to-Debt Related Terms

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African Discovery Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » African Discovery Group Inc (OTCPK:AFDG) » Definitions » Cash-to-Debt
Comparable Companies
UPIN KDCE HLLK LCCN CDXQ CIRX IDVV CBCA SPOM PTEEF ADX:IHC HON TSE:8058 TSE:6501 TSE:8031 TSE:8001 MMM ADX:ALPHADHABI HKSE:00267 TSE:8002
Traded in Other Exchanges
N/A
Address
445 Park Avenue, Ninth Floor, New York, NY, USA, 10022
Website
https://www.africandiscoverygroup.com
African Discovery Group Inc primary business from which it currently generates revenue includes power, agriculture/sustainability, media, strategic minerals and finance sectors on the African continent.