Star Africa (XZIM:SACL.ZW) Cash-to-Debt : 0.07 (As of Mar. 2024)

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What is Star Africa 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. Star Africa's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.07.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Star Africa couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

XZIM:SACL.ZW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.6 Max: 546.86
Current: 0.07

During the past 6 years, Star Africa's highest Cash to Debt Ratio was 546.86. The lowest was 0.07. And the median was 0.60.

XZIM:SACL.ZW's Cash-to-Debt is ranked worse than
85.53% of 1880 companies
in the Consumer Packaged Goods industry
Industry Median: 0.525 vs XZIM:SACL.ZW: 0.07

Star Africa Cash-to-Debt Historical Data

The historical data trend for Star Africa'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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Star Africa Cash-to-Debt Chart

Star Africa Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.29

172.67

547.02

0.91

0.07

Star Africa Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			547.02	N/A	0.91	0.12	0.07

Competitive Comparison of Star Africa's Cash-to-Debt

For the Confectioners subindustry, Star Africa'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.

Star Africa's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Star Africa's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Star Africa's Cash-to-Debt falls into.

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Star Africa Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities 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.

Star Africa's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	269.642	/	(3883.35	+	0)
	=	0.07

Star Africa's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	269.642	/	(3883.35	+	0)
	=	0.07

Star Africa (XZIM:SACL.ZW) 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.

Star Africa Cash-to-Debt Related Terms

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Star Africa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Star Africa Corp Ltd (XZIM:SACL.ZW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

49 Douglas Road, P. O. Box 396, Southerton, Workington, Harare, ZWE

Website

https://www.starafricacorporation.com

Star Africa Corp Ltd is a Zimbabwe-based sugar manufacturer. The company operates its business activities in two reportable operating segments including the Food segment and the Property segment. The Food segment is a manufacturer of sugar products such as purified sugar for household and industrial consumption and sugar specialties comprising icing sugar, castor sugar, syrups, and caramel. The property segment manages offices, manufacturing, and residential premises. Star Africa derives the majority of its revenue from its Food segment.

Star Africa Headlines

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