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Zanaga Iron Ore Co (AQSE:ZIOC.GB) Cash-to-Debt : 0.11 (As of Jun. 2024)


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What is Zanaga Iron Ore Co 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. Zanaga Iron Ore Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.11.

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, Zanaga Iron Ore Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Zanaga Iron Ore Co's Cash-to-Debt or its related term are showing as below:

AQSE:ZIOC.GB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11   Med: No Debt   Max: No Debt
Current: 0.11

During the past 13 years, Zanaga Iron Ore Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was No Debt.

AQSE:ZIOC.GB's Cash-to-Debt is ranked worse than
75.98% of 612 companies
in the Steel industry
Industry Median: 0.41 vs AQSE:ZIOC.GB: 0.11

Zanaga Iron Ore Co Cash-to-Debt Historical Data

The historical data trend for Zanaga Iron Ore Co'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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Zanaga Iron Ore Co Cash-to-Debt Chart

Zanaga Iron Ore Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt 0.62 0.50

Zanaga Iron Ore Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt 0.62 0.44 0.50 0.11

Competitive Comparison of Zanaga Iron Ore Co's Cash-to-Debt

For the Steel subindustry, Zanaga Iron Ore Co'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.


Zanaga Iron Ore Co's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Zanaga Iron Ore Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zanaga Iron Ore Co's Cash-to-Debt falls into.



Zanaga Iron Ore Co 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.

Zanaga Iron Ore Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Zanaga Iron Ore Co's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

* 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.


Zanaga Iron Ore Co  (AQSE:ZIOC.GB) 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.


Zanaga Iron Ore Co Cash-to-Debt Related Terms

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Zanaga Iron Ore Co Business Description

Traded in Other Exchanges
Address
Wickhams Cay II, Coastal Building, P.O. Box 2221, 2nd Floor, Tortola, Road Town, VGB
Zanaga Iron Ore Co Ltd is an iron ore exploration and development company. The company holds an interest in the Zanaga Iron Ore Project located in the Republic of Congo which is also known as Congo-Brazzaville. Its long-term objective is to maximize the value of its sole asset and the Project is currently focused on managing, developing, and constructing a world-class iron ore asset capable of mining, processing, transporting, and exporting iron ore at full production.

Zanaga Iron Ore Co Headlines

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