Rural Microfinance Development Centre (XNEP:RMDC) Cash-to-Debt : 2.66 (As of Apr. 2023)

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What is Rural Microfinance Development Centre 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. Rural Microfinance Development Centre's cash to debt ratio for the quarter that ended in Apr. 2023 was 2.66.

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, Rural Microfinance Development Centre could pay off its debt using the cash in hand for the quarter that ended in Apr. 2023.

The historical rank and industry rank for Rural Microfinance Development Centre's Cash-to-Debt or its related term are showing as below:

XNEP:RMDC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 3.61
Current: 2.66

During the past 13 years, Rural Microfinance Development Centre's highest Cash to Debt Ratio was 3.61. The lowest was 0.03. And the median was 0.07.

XNEP:RMDC's Cash-to-Debt is not ranked
in the Credit Services industry.
Industry Median: 0.215 vs XNEP:RMDC: 2.66

Rural Microfinance Development Centre Cash-to-Debt Historical Data

The historical data trend for Rural Microfinance Development Centre'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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Rural Microfinance Development Centre Cash-to-Debt Chart

Rural Microfinance Development Centre Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Cash-to-Debt

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0.04

0.03

0.24

0.05

0.03

Rural Microfinance Development Centre Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23
Cash-to-Debt	Get a 7-Day Free Trial															0.97	0.03	1.37	3.61	2.66

Competitive Comparison of Rural Microfinance Development Centre's Cash-to-Debt

For the Credit Services subindustry, Rural Microfinance Development Centre'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.

Rural Microfinance Development Centre's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Rural Microfinance Development Centre's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Rural Microfinance Development Centre's Cash-to-Debt falls into.

Rural Microfinance Development Centre 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.

Rural Microfinance Development Centre'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)
	=	235.762	/	(0	+	8763.478)
	=	0.03

Rural Microfinance Development Centre's Cash to Debt Ratio for the quarter that ended in Apr. 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)
	=	609.447	/	(0	+	229.358)
	=	2.66

Rural Microfinance Development Centre (XNEP:RMDC) 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.

Rural Microfinance Development Centre Cash-to-Debt Related Terms

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Rural Microfinance Development Centre (XNEP:RMDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Rural Microfinance Development Centre Ltd (XNEP:RMDC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Putalisadak, P.O.Box: 20789, Kathmandu, NPL

Website

https://www.rmdcnepal.com

Rural Microfinance Development Centre Ltd offers wholesale lending to microfinance institutions. Besides, it has been extending institutional capacity building supports to microfinance institutions. The company's completed projects include Rural Microfinance Project and Community Livestock Development Project (CLDP). Its ongoing include Community Irrigation Project and YUWAccess Project.

Rural Microfinance Development Centre (XNEP:RMDC) Headlines

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