Zambia National Commercial Bank (LUS:ZANACO) Cash-to-Debt : 2.47 (As of Sep. 2023)

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What is Zambia National Commercial Bank 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. Zambia National Commercial Bank's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.47.

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, Zambia National Commercial Bank could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Zambia National Commercial Bank's Cash-to-Debt or its related term are showing as below:

LUS:ZANACO' s Cash-to-Debt Range Over the Past 10 Years
Min: 1 Med: 2.96 Max: 5.76
Current: 2.47

During the past 6 years, Zambia National Commercial Bank's highest Cash to Debt Ratio was 5.76. The lowest was 1.00. And the median was 2.96.

LUS:ZANACO's Cash-to-Debt is ranked better than
67.46% of 1564 companies
in the Banks industry
Industry Median: 1.27 vs LUS:ZANACO: 2.47

Zambia National Commercial Bank Cash-to-Debt Historical Data

The historical data trend for Zambia National Commercial Bank'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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Zambia National Commercial Bank Cash-to-Debt Chart

Zambia National Commercial Bank Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

4.20

4.85

2.89

1.61

3.12

Zambia National Commercial Bank Quarterly Data
	Dec17	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															2.17	3.12	2.85	3.04	2.47

Competitive Comparison of Zambia National Commercial Bank's Cash-to-Debt

For the Banks - Regional subindustry, Zambia National Commercial Bank'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.

Zambia National Commercial Bank's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Zambia National Commercial Bank's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Zambia National Commercial Bank's Cash-to-Debt falls into.

Zambia National Commercial Bank Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Zambia National Commercial Bank's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	7519.916	/	(0	+	2410.516)
	=	3.12

Zambia National Commercial Bank's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	6583.441	/	(0	+	2666.406)
	=	2.47

Zambia National Commercial Bank (LUS:ZANACO) 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.

Zambia National Commercial Bank Cash-to-Debt Related Terms

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

Zambia National Commercial Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Zambia National Commercial Bank PLC (LUS:ZANACO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cairo Road, Plot 2118 - 2121, P.O Box 33611, Lusaka, ZMB

Website

https://www.zanaco.co.zm

Zambia National Commercial Bank PLC offers commercial banking services. The company's segment includes Corporate Banking; Business Banking; Retail Banking; Digital Banking and Treasury. It generates maximum revenue from the Corporate Banking segment. The Corporate Banking segment provides corporate and investment banking solutions which incorporate direct debit facilities, deposits products, overdrafts, loans and other credit facilities, and foreign currency solutions.

Zambia National Commercial Bank Headlines

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