African Equity Empowerment Investments (JSE:AEE) Cash-to-Debt : 1.53 (As of Aug. 2023)

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What is African Equity Empowerment Investments 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. African Equity Empowerment Investments's cash to debt ratio for the quarter that ended in Aug. 2023 was 1.53.

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, African Equity Empowerment Investments could pay off its debt using the cash in hand for the quarter that ended in Aug. 2023.

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

JSE:AEE' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.38 Med: 7.39 Max: 26.9
Current: 1.53

During the past 13 years, African Equity Empowerment Investments's highest Cash to Debt Ratio was 26.90. The lowest was 1.38. And the median was 7.39.

JSE:AEE's Cash-to-Debt is ranked worse than
57.83% of 2725 companies
in the Software industry
Industry Median: 2.49 vs JSE:AEE: 1.53

African Equity Empowerment Investments Cash-to-Debt Historical Data

The historical data trend for African Equity Empowerment Investments'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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African Equity Empowerment Investments Cash-to-Debt Chart

African Equity Empowerment Investments Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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26.90

26.21

11.20

8.09

1.53

African Equity Empowerment Investments Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Cash-to-Debt	Get a 7-Day Free Trial															11.20	11.98	8.09	4.98	1.53

Competitive Comparison of African Equity Empowerment Investments's Cash-to-Debt

For the Information Technology Services subindustry, African Equity Empowerment Investments'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.

African Equity Empowerment Investments's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, African Equity Empowerment Investments's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where African Equity Empowerment Investments's Cash-to-Debt falls into.

African Equity Empowerment Investments 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.

African Equity Empowerment Investments's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	235.737	/	(116.376	+	37.784)
	=	1.53

African Equity Empowerment Investments's Cash to Debt Ratio for the quarter that ended in Aug. 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)
	=	235.737	/	(116.376	+	37.784)
	=	1.53

African Equity Empowerment Investments (JSE:AEE) 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.

African Equity Empowerment Investments Cash-to-Debt Related Terms

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

African Equity Empowerment Investments (JSE:AEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » African Equity Empowerment Investments Ltd (JSE:AEE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

3 Dock Road, Victoria & Alfred Waterfront, 1st Floor, Waterway House North, Cape Town, WC, ZAF, 8001

Website

https://www.aeei.co.za

African Equity Empowerment Investments Ltd is a black-owned and black-managed investment holding company. Its segments include Fishing and brands, Technology, Health and beauty, Events and tourism, and Corporate. It generates maximum revenue from the Technology segment. The company exports its products to African countries, India and Europe and the majority of the revenue comes from South Africa.