Central Finance Co (XNEP:CFCL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is Central Finance Co 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. Central Finance Co's cash to debt ratio for the quarter that ended in Jan. 2024 was No Debt ⁽¹⁾.

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, Central Finance Co could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

(1) 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.

The historical rank and industry rank for Central Finance Co's Cash-to-Debt or its related term are showing as below:

XNEP:CFCL' s Cash-to-Debt Range Over the Past 10 Years
Min: 15.64 Med: No Debt Max: No Debt
Current: No Debt

During the past 9 years, Central Finance Co's highest Cash to Debt Ratio was No Debt. The lowest was 15.64. And the median was No Debt.

XNEP:CFCL's Cash-to-Debt is ranked better than
99.81% of 1570 companies
in the Banks industry
Industry Median: 1.27 vs XNEP:CFCL: No Debt

Central Finance Co Cash-to-Debt Historical Data

The historical data trend for Central Finance Co'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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Central Finance Co Cash-to-Debt Chart

Central Finance Co Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Cash-to-Debt

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No Debt

15.64

Central Finance Co Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Central Finance Co's Cash-to-Debt

For the Banks - Regional subindustry, Central Finance Co'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.

Central Finance Co's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Central Finance Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Central Finance Co's Cash-to-Debt falls into.

Central Finance Co 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.

Central Finance Co's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	860.857	/	(0	+	55.04)
	=	15.64

Central Finance Co's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Central Finance Co had no debt ⁽¹⁾.

Central Finance Co (XNEP:CFCL) 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.

Central Finance Co Cash-to-Debt Related Terms

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Central Finance Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Central Finance Co Ltd (XNEP:CFCL) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Kupondole Road, Lalitpur, NPL, 44600

Website

https://www.centralfinance.com.np

Central Finance Co Ltd operates as a financial services company. It accepts deposits, issues loans, issues, and processes debit cards, and is engaged in investing and trading securities, as well as performing other activities. The company offers a range of financial products and services to a wide range of clients encompassing individuals, mid-markets, and corporates.

Central Finance Co Headlines

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Central Finance Co (XNEP:CFCL) Cash-to-Debt : No Debt (1) (As of Jan. 2024)