I&M Holdings (NAI:IMH) Cash-to-Debt : 5.74 (As of Mar. 2024)

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What is I&M 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. I&M Holdings's cash to debt ratio for the quarter that ended in Mar. 2024 was 5.74.

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, I&M Holdings could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

NAI:IMH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.75 Med: 1.76 Max: 6.32
Current: 5.74

During the past 13 years, I&M Holdings's highest Cash to Debt Ratio was 6.32. The lowest was 0.75. And the median was 1.76.

NAI:IMH's Cash-to-Debt is ranked better than
82.5% of 1434 companies
in the Banks industry
Industry Median: 1.285 vs NAI:IMH: 5.74

I&M Holdings Cash-to-Debt Historical Data

The historical data trend for I&M 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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I&M Holdings Cash-to-Debt Chart

I&M Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.28

1.21

1.33

1.28

2.00

I&M Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															2.76	3.39	4.84	2.00	5.74

Competitive Comparison of I&M Holdings's Cash-to-Debt

For the Banks - Regional subindustry, I&M 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.

I&M Holdings's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, I&M Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where I&M Holdings's Cash-to-Debt falls into.

I&M Holdings 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.

I&M Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	41675.491	/	(0	+	20856.429)
	=	2.00

I&M Holdings's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	83842.676	/	(0	+	14603.226)
	=	5.74

I&M Holdings (NAI:IMH) 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.

I&M Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of I&M Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

I&M Holdings (NAI:IMH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » I&M Holdings Ltd (NAI:IMH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Park Avenue, 1st Parklands Avenue, P.O. Box 30238, Nairobi, KEN, 00100

Website

https://www.imbank.com

I&M Holdings Ltd Formerly I&M Holdings PLC is a non-operating holding company, along with its subsidiaries provide banking, financial and related services. The group operations are divided into five geographical segments, Kenya, Tanzania, Rwanda, Mauritius, and Uganda. It offers a range of personal banking products, such as bank accounts, cards, mobile banking, Internet banking, investment management services, loans, foreign exchange, and funds transfer. Business banking products include business accounts, loans, e-commerce, salary processing, trade services, interest rates, foreign exchange, insurance premium financing, funds transfer, asset finance, and cash management services. The company generates the majority of its revenue from operation within Kenya.

I&M Holdings (NAI:IMH) Headlines

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