African Rainbow Capital Investments (JSE:AIL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is African Rainbow Capital 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 Rainbow Capital Investments's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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 Rainbow Capital Investments could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

JSE:AIL' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 7 years, African Rainbow Capital Investments's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

JSE:AIL's Cash-to-Debt is ranked better than
99.93% of 1448 companies
in the Asset Management industry
Industry Median: 5.72 vs JSE:AIL: No Debt

African Rainbow Capital Investments Cash-to-Debt Historical Data

The historical data trend for African Rainbow Capital 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 Rainbow Capital Investments Cash-to-Debt Chart

African Rainbow Capital Investments Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

African Rainbow Capital Investments Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of African Rainbow Capital Investments's Cash-to-Debt

For the Asset Management subindustry, African Rainbow Capital 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 Rainbow Capital Investments's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, African Rainbow Capital Investments's Cash-to-Debt distribution charts can be found below:

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

African Rainbow Capital 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 Rainbow Capital Investments's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

African Rainbow Capital Investments had no debt ⁽¹⁾.

African Rainbow Capital Investments's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

African Rainbow Capital Investments had no debt ⁽¹⁾.

African Rainbow Capital Investments (JSE:AIL) 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 Rainbow Capital Investments Cash-to-Debt Related Terms

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

African Rainbow Capital Investments (JSE:AIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » African Rainbow Capital Investments Ltd (JSE:AIL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

35 Cybercity, Level 3, Alexander House, Ebene, MUS, 72201

Website

https://www.arci.mu

African Rainbow Capital Investments Ltd is an investment holding company. It offers shareholders long-term capital appreciation by indirectly investing in a diversified portfolio of unlisted and listed investments. The company invests in Telecommunications, Real Estate, Hospitality, Energy and Financial Services, and others.

African Rainbow Capital Investments (JSE:AIL) Headlines

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African Rainbow Capital Investments (JSE:AIL) Cash-to-Debt : No Debt (1) (As of Dec. 2023)