Eveready East Africa (NAI:EVRD) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2023)

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What is Eveready East Africa 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. Eveready East Africa's cash to debt ratio for the quarter that ended in Mar. 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, Eveready East Africa could pay off its debt using the cash in hand for the quarter that ended in Mar. 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 Eveready East Africa's Cash-to-Debt or its related term are showing as below:

NAI:EVRD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 2.36 Max: No Debt
Current: No Debt

During the past 13 years, Eveready East Africa's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 2.36.

NAI:EVRD's Cash-to-Debt is ranked better than
99.29% of 140 companies
in the Industrial Distribution industry
Industry Median: 0.575 vs NAI:EVRD: No Debt

Eveready East Africa Cash-to-Debt Historical Data

The historical data trend for Eveready East Africa'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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Eveready East Africa Cash-to-Debt Chart

Eveready East Africa Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Cash-to-Debt

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6.08

6.16

3.63

1.53

N/A

Eveready East Africa Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial															2.36	1.53	1.68	N/A	No Debt

Competitive Comparison of Eveready East Africa's Cash-to-Debt

For the Industrial Distribution subindustry, Eveready East Africa'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.

Eveready East Africa's Cash-to-Debt Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Eveready East Africa's Cash-to-Debt distribution charts can be found below:

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

Eveready East Africa 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.

Eveready East Africa's Cash to Debt Ratio for the fiscal year that ended in Sep. 2022 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Eveready East Africa's Cash to Debt Ratio for the quarter that ended in Mar. 2023 is calculated as:

Eveready East Africa had no debt ⁽¹⁾.

Eveready East Africa (NAI:EVRD) 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.

Eveready East Africa Cash-to-Debt Related Terms

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

Eveready East Africa (NAI:EVRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Eveready East Africa PLC (NAI:EVRD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mombasa Road, P.O. Box 30429, Sameer Industrial Park, Nairobi, KEN, 00100

Website

https://www.eveready.co.ke

Eveready East Africa PLC is Kenya-based firm. The company is mainly engaged in the production, distribution, and sales of portable power solutions. Its product portfolio is divided into three categories namely, Automotive comprises offree car batteries, battery water, and battery acid; Fabric comprises of Clorox and cleaning products; and Household dry cell batteries. The company offers its products under the brand name, TURBO, EVERCLEAN.

Eveready East Africa (NAI:EVRD) Headlines

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Eveready East Africa (NAI:EVRD) Cash-to-Debt : No Debt (1) (As of Mar. 2023)