RioZim (XZIM:RIOZ.ZW) Cash-to-Debt : 0.02 (As of Dec. 2024)

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What is RioZim 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. RioZim's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.02.

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, RioZim couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

XZIM:RIOZ.ZW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.38
Current: 0.02

During the past 10 years, RioZim's highest Cash to Debt Ratio was 0.38. The lowest was 0.00. And the median was 0.04.

XZIM:RIOZ.ZW's Cash-to-Debt is ranked worse than
96.01% of 2584 companies
in the Metals & Mining industry
Industry Median: 19.985 vs XZIM:RIOZ.ZW: 0.02

RioZim Cash-to-Debt Historical Data

The historical data trend for RioZim'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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RioZim Cash-to-Debt Chart

RioZim Annual Data

Trend

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

Get a 7-Day Free Trial

0.32

0.04

0.02

RioZim Semi-Annual Data
	Dec09	Dec11	Dec12	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial												0.04	0.21	0.02	0.09	0.02

Competitive Comparison of RioZim's Cash-to-Debt

For the Gold subindustry, RioZim'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.

RioZim's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, RioZim's Cash-to-Debt distribution charts can be found below:

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

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RioZim 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.

RioZim's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	1.677	/	(95.575	+	7.256)
	=	0.02

RioZim's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	1.677	/	(95.575	+	7.256)
	=	0.02

RioZim (XZIM:RIOZ.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.

RioZim Cash-to-Debt Related Terms

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

RioZim Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » RioZim Ltd (XZIM:RIOZ.ZW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Kenilworth Road, Highlands, Harare, ZWE

Website

https://www.riozim.co.zw

RioZim Ltd together with its subsidiaries engages in mining and metallurgical operations. The company's operating segments include Gold and Base Metals. The gold segment develops and mines gold that is ultimately sold as gold bullion. It generates maximum revenue from the Gold. Geographically, it derives a majority of its revenue from Zimbabwe. All the group's operations are located in Zimbabwe and situated in two geographic locations, Masvingo Province and Mashonaland West Province. The company is engaged in the operation of the Renco Goldmine in the south-east of Zimbabwe, the Dalny Mine based in Chakari, the Cam and Motor gold and the Empress Nickel Refinery mine in Kadoma.

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