FirstrandNAM:FST +0.92%85 Cash-to-Debt is 6.70 as of Dec. 2025, which is 981% above its 10-year median of 0.62. GuruFocus rates NAM:FST with a GF Score™ of 85/100 and a GF Value™ of R84.60 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,496 Banks companies, Firstrand ranks better than 80.21% on this metric.
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. Firstrand's cash to debt ratio for the quarter that ended in Dec. 2025 was 6.70.
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, Firstrandcould pay off its debt using the cash in hand for the quarter that ended in Dec. 2025.
The historical rank and industry rank for Firstrand's Cash-to-Debt or its related term are showing as below:
NAM:FST'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 0.62 Max: 9.12
Current: 6.7
During the past 13 years, Firstrand's highest Cash to Debt Ratio was 9.12. The lowest was 0.26. And the median was 0.62.
NAM:FST's Cash-to-Debt is ranked better than 80.21% of 1496
companies
in the Banks industry
Industry Median: 1.47
vs NAM:FST: 6.70
Firstrand (NAM:FST) 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.
Firstrand Cash-to-Debt Related Terms
Firstrand Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Firstrand'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.
For the Banks - Diversified subindustry, Firstrand'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.
Firstrand Cash-to-Debt vs Banks Industry
For the Banks industry and Financial Services sector, Firstrand's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Firstrand's Cash-to-Debt falls into.
* 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.
Firstrand (NAM:FST) has a Cash-to-Debt of 6.70 as of Dec. 2025. This is 981% above median its historical median of 0.62. Over the past decade, Firstrand's Cash-to-Debt has ranged from 0.26 to 9.12. According to the industry distribution chart, Firstrand ranks #296 out of 1496 companies in the Banks industry, placing it in the top 19.8%.
Is Firstrand's Cash-to-Debt too high?
Firstrand's current Cash-to-Debt of 6.70 is 981% above median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 9.12. The Banks industry median Cash-to-Debt is 1.47. Firstrand's value of 6.70 is 355.8% above this industry median. Based on the distribution chart, Firstrand ranks #296 out of 1496 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Firstrand has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Firstrand's Cash-to-Debt compare to JPM and BAC?
According to the Banks industry distribution chart, Firstrand ranks #296 out of 1496 companies for Cash-to-Debt. This places Firstrand in the top 20% of its industry — outperforming the majority of peers. The industry median Cash-to-Debt is 1.47. Firstrand's value of 6.70 is 355.8% above this benchmark. Historically, Firstrand's own Cash-to-Debt has ranged from 0.26 to 9.12 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 1.47, Firstrand has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Banks company?
The median Cash-to-Debt among Banks companies is 1.47, based on 1,496 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Firstrand's current Cash-to-Debt of 6.70 is 355.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Banks industry, the median Cash-to-Debt is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firstrand's current Cash-to-Debt is 6.70, which is 981% above median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firstrand stock overvalued right now?
Based on GuruFocus' analysis, Firstrand (NAM:FST) is currently considered Modestly Overvalued. The stock's GF Value™ is R84.60, compared to a current price of R96.85 — trading 14.5% above its estimated fair value. The current Cash-to-Debt is 6.70, which is 981% above median its 10-year median of 0.62 and 355.8% above the Banks industry median of 1.47. Firstrand's overall GF Score™ is 85/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Firstrand (NAM:FST), the current Cash-to-Debt is 6.70 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Firstrand (NAM:FST) Overvalued in 2026?
Based on GuruFocus' analysis, Firstrand stock appears to be overvalued.
The current stock price of R96.85 is trading 14.5% above its estimated GF Value™ of R84.60.
GuruFocus considers Firstrand to be Modestly Overvalued.
Key valuation signals for NAM:FST:
Cash-to-Debt: 6.70 (981% above median its 10-year median of 0.62)
GF Value™: R84.60 vs. price of R96.85 (14.5% above fair value)
Industry Position: 355.8% above the Banks median (#296 of 1496)
No single metric tells the full story. See the NAM:FST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The firm's reportable segment includes Retail and commercial segment, Corporate and institutional segment, Centre (including group treasury), Firstrand Bank Normalised, and Normalised adjustments.
85GF Score
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