Afristrat Investment Holdings (JSE:ATI) Cash-to-Debt : 0.09 (As of Sep. 2021)

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What is Afristrat Investment Holdings 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. Afristrat Investment Holdings's cash to debt ratio for the quarter that ended in Sep. 2021 was 0.09.

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, Afristrat Investment Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2021.

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

JSE:ATI's Cash-to-Debt is not ranked ^*
in the Business Services industry.
Industry Median: 1.01
* Ranked among companies with meaningful Cash-to-Debt only.

Afristrat Investment Holdings Cash-to-Debt Historical Data

The historical data trend for Afristrat Investment Holdings'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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Afristrat Investment Holdings Cash-to-Debt Chart

Afristrat Investment Holdings Annual Data

Trend

Jun09

Jun10

Sep11

Dec12

Dec13

Dec14

Dec15

Mar18

Jun19

Mar21

Cash-to-Debt

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2.32

8.73

2.18

0.05

0.12

Afristrat Investment Holdings Semi-Annual Data
	Jun05	Jun06	Jun08	Jun09	Jun10	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Sep17	Mar18	Dec18	Jun19	Dec19	Sep20	Mar21	Sep21
Cash-to-Debt	Get a 7-Day Free Trial															0.05	0.04	-	0.12	0.09

Competitive Comparison of Afristrat Investment Holdings's Cash-to-Debt

For the Specialty Business Services subindustry, Afristrat Investment Holdings'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.

Afristrat Investment Holdings's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Afristrat Investment Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Afristrat Investment Holdings's Cash-to-Debt falls into.

Afristrat Investment Holdings 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.

Afristrat Investment Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 2021 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)
	=	94.755	/	(544.887	+	238.41)
	=	0.12

Afristrat Investment Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 2021 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)
	=	67.218	/	(0.017	+	785.162)
	=	0.09

Afristrat Investment Holdings (JSE:ATI) 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.

Afristrat Investment Holdings Cash-to-Debt Related Terms

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Afristrat Investment Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Afristrat Investment Holdings Ltd (JSE:ATI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

43 Garsfontein Road, 1st Floor, The Wedge, Waterkloof, ZAF, 0145

Website

https://www.afristrat.ltd

Afristrat Investment Holdings Ltd is engaged in providing accounting services, taxation services, business consultancy services, digital marketing and funding services, and other strategic services.