Zimtu Capital (TSXV:ZC) Cash-to-Debt : 12.50 (As of Feb. 2024)

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What is Zimtu Capital 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. Zimtu Capital's cash to debt ratio for the quarter that ended in Feb. 2024 was 12.50.

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, Zimtu Capital could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TSXV:ZC' s Cash-to-Debt Range Over the Past 10 Years
Min: 10.71 Med: 92.45 Max: No Debt
Current: 12.5

During the past 13 years, Zimtu Capital's highest Cash to Debt Ratio was No Debt. The lowest was 10.71. And the median was 92.45.

TSXV:ZC's Cash-to-Debt is ranked better than
54.31% of 1449 companies
in the Asset Management industry
Industry Median: 5.79 vs TSXV:ZC: 12.50

Zimtu Capital Cash-to-Debt Historical Data

The historical data trend for Zimtu Capital'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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Zimtu Capital Cash-to-Debt Chart

Zimtu Capital Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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61.45

58.68

38.11

30.70

11.96

Zimtu Capital Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															35.72	34.38	33.55	11.96	12.50

Competitive Comparison of Zimtu Capital's Cash-to-Debt

For the Asset Management subindustry, Zimtu Capital'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.

Zimtu Capital's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Zimtu Capital 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.

Zimtu Capital's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	6.91	/	(0.223	+	0.355)
	=	11.96

Zimtu Capital's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	6.373	/	(0.188	+	0.322)
	=	12.50

Zimtu Capital (TSXV:ZC) 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.

Zimtu Capital Cash-to-Debt Related Terms

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

Zimtu Capital (TSXV:ZC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Zimtu Capital Corp (TSXV:ZC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ZTMUF:USA ZCT1:Germany

Address

789 West Pender Street, Suite 1450, Vancouver, BC, CAN, V6C 1H2

Website

https://www.zimtu.com

Zimtu Capital Corp is an investment company. It is engaged in the business of investments in junior resource companies, acquisitions and dispositions, and the provision of management services. The company's business is located in Canada. It derives revenue from investment in mineral properties and management services.

Executives

Sean Charland

Director

Zimtu Capital (TSXV:ZC) Headlines

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