Zb Financial Holdings (XZIM:ZBFH.ZW) Cash-to-Debt : 24.70 (As of Jun. 2024)

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What is Zb Financial 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. Zb Financial Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 24.70.

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, Zb Financial Holdings could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

XZIM:ZBFH.ZW' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.09 Med: 8.33 Max: 24.94
Current: 24.7

During the past 10 years, Zb Financial Holdings's highest Cash to Debt Ratio was 24.94. The lowest was 3.09. And the median was 8.33.

XZIM:ZBFH.ZW's Cash-to-Debt is ranked better than
90.05% of 1537 companies
in the Banks industry
Industry Median: 1.44 vs XZIM:ZBFH.ZW: 24.70

Zb Financial Holdings Cash-to-Debt Historical Data

The historical data trend for Zb Financial 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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Zb Financial Holdings Cash-to-Debt Chart

Zb Financial Holdings Annual Data

Trend

Dec08

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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10.26

15.63

8.24

8.41

4.48

Zb Financial Holdings Semi-Annual Data
	Dec08	Dec09	Dec11	Jun12	Dec12	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial												6.14	8.41	3.09	4.48	24.70

Competitive Comparison of Zb Financial Holdings's Cash-to-Debt

For the Banks - Regional subindustry, Zb Financial 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.

Zb Financial Holdings's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where Zb Financial Holdings's Cash-to-Debt falls into.

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Zb Financial 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.

Zb Financial 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)
	=	41936.134	/	(0	+	9352.165)
	=	4.48

Zb Financial Holdings's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	6.176	/	(0	+	0.25)
	=	24.70

Zb Financial Holdings (XZIM:ZBFH.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.

Zb Financial Holdings Cash-to-Debt Related Terms

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Zb Financial Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Zb Financial Holdings Ltd (XZIM:ZBFH.ZW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Natal Road, Avondale, Harare, ZWE

Website

https://www.zb.co.zw

Zb Financial Holdings Ltd is a Zimbabwe-based investment holding company. Along with its subsidiaries, its business segments are Banking Operations, Insurance Operations, Investments cluster, and Other Strategic Investments. The banking segment derives the majority of the revenue for the group, which provides a wide range of financial services to customers through a wide network of branches and electronic delivery channels. Its core business is retail and commercial banking services. Its product range includes deposit, personal and corporate lending, asset finance, mortgage finance, treasury management, corporate advisory services, medium to long-term structured finance, share transfer and script management services, and a wide array of card-based facilities.

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