Mega African Capital (XGHA:MAC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2022)

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What is Mega African 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. Mega African Capital's cash to debt ratio for the quarter that ended in Dec. 2022 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, Mega African Capital could pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

(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 Mega African Capital's Cash-to-Debt or its related term are showing as below:

XGHA:MAC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.86 Med: 5000.43 Max: No Debt
Current: No Debt

During the past 3 years, Mega African Capital's highest Cash to Debt Ratio was No Debt. The lowest was 0.86. And the median was 5000.43.

XGHA:MAC's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.79 vs XGHA:MAC: No Debt

Mega African Capital Cash-to-Debt Historical Data

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

Mega African Capital Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

N/A

0.86

No Debt

Mega African Capital Semi-Annual Data
	Dec20	Dec21	Dec22
Cash-to-Debt	N/A	0.86	No Debt

Competitive Comparison of Mega African Capital's Cash-to-Debt

For the Asset Management subindustry, Mega African 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.

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

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

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

Mega African 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.

Mega African Capital's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Mega African Capital had no debt ⁽¹⁾.

Mega African Capital's Cash to Debt Ratio for the quarter that ended in Dec. 2022 is calculated as:

Mega African Capital had no debt ⁽¹⁾.

Mega African Capital (XGHA:MAC) 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.

Mega African Capital Cash-to-Debt Related Terms

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

Mega African Capital (XGHA:MAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mega African Capital Ltd (XGHA:MAC) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Sunyani Avenue, The Alberts, 2nd Floor, No. 23 Kanda Estates, Kanda, Accra, GHA

Website

http://www.megafricancapital.com

Mega African Capital Ltd is an investment company. The company's objective is to seek exposure to the potential to generate high real returns. The company invests across three business lines namely, equity unlisted equity and real estate projects. The Company is authorized to undertake the Development, Purchase, Sales and Rental of Real Estates; Investment In Equities; Fixed Income Investments; and Any other Financial Services.