Econet Wireless Zimbabwe (XZIM:ECO.ZW) Cash-to-Debt : 0.19 (As of Aug. 2023)

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What is Econet Wireless Zimbabwe 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. Econet Wireless Zimbabwe's cash to debt ratio for the quarter that ended in Aug. 2023 was 0.19.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Econet Wireless Zimbabwe couldn't pay off its debt using the cash in hand for the quarter that ended in Aug. 2023.

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

XZIM:ECO.ZW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 0.59 Max: 2.77
Current: 0.19

During the past 8 years, Econet Wireless Zimbabwe's highest Cash to Debt Ratio was 2.77. The lowest was 0.19. And the median was 0.59.

XZIM:ECO.ZW's Cash-to-Debt is ranked worse than
62.57% of 382 companies
in the Telecommunication Services industry
Industry Median: 0.35 vs XZIM:ECO.ZW: 0.19

Econet Wireless Zimbabwe Cash-to-Debt Historical Data

The historical data trend for Econet Wireless Zimbabwe'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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Econet Wireless Zimbabwe Cash-to-Debt Chart

Econet Wireless Zimbabwe Annual Data

Trend

Feb09

Feb11

Feb12

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

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1.82

0.44

0.62

0.55

0.51

Econet Wireless Zimbabwe Semi-Annual Data
	Feb11	Aug11	Feb12	Aug12	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Cash-to-Debt	Get a 7-Day Free Trial										1.60	0.55	0.51	0.51	0.19

Competitive Comparison of Econet Wireless Zimbabwe's Cash-to-Debt

For the Telecom Services subindustry, Econet Wireless Zimbabwe'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.

Econet Wireless Zimbabwe's Cash-to-Debt Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Econet Wireless Zimbabwe's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Econet Wireless Zimbabwe's Cash-to-Debt falls into.

Econet Wireless Zimbabwe 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.

Econet Wireless Zimbabwe's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	48295.588	/	(69821.11	+	25640.43)
	=	0.51

Econet Wireless Zimbabwe'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)
	=	94666	/	(379259	+	132120)
	=	0.19

Econet Wireless Zimbabwe (XZIM:ECO.ZW) 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.

Econet Wireless Zimbabwe Cash-to-Debt Related Terms

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Econet Wireless Zimbabwe (XZIM:ECO.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Econet Wireless Zimbabwe Ltd (XZIM:ECO.ZW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Old Mutare Road, Econet Park, Msasa, Harare, ZWE

Website

http://www.econet.co.zw

Econet Wireless Zimbabwe Ltd is a holding company. It operates in the following segments: Cellular Network Operations, which provides cellular network services Investments & Administrations, which is the investment vehicle. The Cellular Network Operations generate maximum revenue for the company. Geographically the company offers its services only in the Zimbabwe region.

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