African Phoenix Investments (STU:NXHA) Cash-to-Debt : 32.91 (As of Mar. 2020)

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What is African Phoenix Investments 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. African Phoenix Investments's cash to debt ratio for the quarter that ended in Mar. 2020 was 32.91.

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, African Phoenix Investments could pay off its debt using the cash in hand for the quarter that ended in Mar. 2020.

The historical rank and industry rank for African Phoenix Investments's Cash-to-Debt or its related term are showing as below:

STU:NXHA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 75.28 Max: No Debt
Current: 32.91

During the past 13 years, African Phoenix Investments's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 75.28.

STU:NXHA's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.65 vs STU:NXHA: 32.91

African Phoenix Investments Cash-to-Debt Historical Data

The historical data trend for African Phoenix Investments'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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African Phoenix Investments Cash-to-Debt Chart

African Phoenix Investments Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Sep13

Sep15

Sep16

Sep17

Sep18

Sep19

Cash-to-Debt

Get a 7-Day Free Trial

5.04

79.70

80.49

70.87

29.33

African Phoenix Investments Semi-Annual Data
	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20
Cash-to-Debt	Get a 7-Day Free Trial															81.60	70.87	No Debt	29.33	32.91

Competitive Comparison of African Phoenix Investments's Cash-to-Debt

For the Asset Management subindustry, African Phoenix Investments'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.

African Phoenix Investments's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, African Phoenix Investments's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where African Phoenix Investments's Cash-to-Debt falls into.

African Phoenix Investments 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.

African Phoenix Investments's Cash to Debt Ratio for the fiscal year that ended in Sep. 2019 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)
	=	42.328	/	(0	+	1.443)
	=	29.33

African Phoenix Investments's Cash to Debt Ratio for the quarter that ended in Mar. 2020 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)
	=	42.086	/	(0	+	1.279)
	=	32.91

African Phoenix Investments (STU:NXHA) 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.

African Phoenix Investments Cash-to-Debt Related Terms

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

African Phoenix Investments (STU:NXHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » African Phoenix Investments Ltd (STU:NXHA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Sturdee Avenue, 3rd Floor, Global House, Rosebank, ZAF, 2196

Website

http://www.phoenixinvestments.co.za

African Phoenix Investments Ltd is an investment holding company. Its income is generated through interest, investment income and dividends received from its wholly-owned subsidiary, The Standard General Insurance Company Limited (Stangen) in South Africa. It has two operating segments namely the Insurance segment which includes funeral, other products, and the Corporate segment. It also has a retail insurance portfolio and mainly funeral policies. The majority of its revenue is generated from Funeral insurance.

African Phoenix Investments (STU:NXHA) Headlines

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