ZIM Integrated Shipping Services (FRA:2SV) Cash-to-Debt : 0.36 (As of Dec. 2023)

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What is ZIM Integrated Shipping Services 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. ZIM Integrated Shipping Services's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.36.

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, ZIM Integrated Shipping Services couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for ZIM Integrated Shipping Services's Cash-to-Debt or its related term are showing as below:

FRA:2SV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.35 Max: 1.11
Current: 0.36

During the past 7 years, ZIM Integrated Shipping Services's highest Cash to Debt Ratio was 1.11. The lowest was 0.16. And the median was 0.35.

FRA:2SV's Cash-to-Debt is ranked worse than
58.7% of 966 companies
in the Transportation industry
Industry Median: 0.49 vs FRA:2SV: 0.36

ZIM Integrated Shipping Services Cash-to-Debt Historical Data

The historical data trend for ZIM Integrated Shipping Services'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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ZIM Integrated Shipping Services Cash-to-Debt Chart

ZIM Integrated Shipping Services Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.16

0.34

1.11

0.75

0.36

ZIM Integrated Shipping Services Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.75	0.63	0.39	0.39	0.36

Competitive Comparison of ZIM Integrated Shipping Services's Cash-to-Debt

For the Marine Shipping subindustry, ZIM Integrated Shipping Services'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.

ZIM Integrated Shipping Services's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ZIM Integrated Shipping Services's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where ZIM Integrated Shipping Services's Cash-to-Debt falls into.

ZIM Integrated Shipping Services 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.

ZIM Integrated Shipping Services's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 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)
	=	1646.565	/	(1552.389	+	3031.785)
	=	0.36

ZIM Integrated Shipping Services's Cash to Debt Ratio for the quarter that ended in Dec. 2023 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)
	=	1646.565	/	(1552.389	+	3031.785)
	=	0.36

ZIM Integrated Shipping Services (FRA:2SV) 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.

ZIM Integrated Shipping Services Cash-to-Debt Related Terms

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

ZIM Integrated Shipping Services (FRA:2SV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ZIM Integrated Shipping Services Ltd (FRA:2SV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ZIM:USA

Address

9 Andrei Sakharov Street, P.O. Box 15067, Matam, Haifa, ISR, 3190500

Website

https://www.zim.com

ZIM Integrated Shipping Services Ltd is an asset-light container liner shipping company. It offers tailored services, including land transportation and logistical services, specialized shipping solutions, including the transportation of out-of-gauge cargo, refrigerated cargo, and dangerous and hazardous cargo. Its services include Cargo Services, Digital Services, Schedules, and Shipping Trades and Lines. Geographically, it derives a majority of revenue from the Pacific.

ZIM Integrated Shipping Services (FRA:2SV) Headlines

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