Edgars Stores (XZIM:EDGR.ZW) Cash-to-Debt : 0.33 (As of Jun. 2023)

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What is Edgars Stores 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. Edgars Stores's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.33.

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, Edgars Stores couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

XZIM:EDGR.ZW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.33 Max: 0.89
Current: 0.33

During the past 8 years, Edgars Stores's highest Cash to Debt Ratio was 0.89. The lowest was 0.11. And the median was 0.33.

XZIM:EDGR.ZW's Cash-to-Debt is ranked worse than
57.48% of 1096 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs XZIM:EDGR.ZW: 0.33

Edgars Stores Cash-to-Debt Historical Data

The historical data trend for Edgars Stores'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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Edgars Stores Cash-to-Debt Chart

Edgars Stores Annual Data

Trend

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.80

0.11

0.62

0.24

0.31

Edgars Stores Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial									0.23	0.24	0.42	0.31	0.33

Competitive Comparison of Edgars Stores's Cash-to-Debt

For the Apparel Retail subindustry, Edgars Stores'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.

Edgars Stores's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Edgars Stores's Cash-to-Debt distribution charts can be found below:

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

Edgars Stores 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.

Edgars Stores's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	7.119	/	(22.94	+	0.213)
	=	0.31

Edgars Stores's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	37.883	/	(114.087	+	1.357)
	=	0.33

Edgars Stores (XZIM:EDGR.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.

Edgars Stores Cash-to-Debt Related Terms

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

Edgars Stores (XZIM:EDGR.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Edgars Stores Ltd (XZIM:EDGR.ZW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cnr Ninth Avenue / Herbert Chitepo Street, P.O. Box 894, Bulawayo, ZWE

Website

https://www.edgars.co.zw

Edgars Stores Ltd retails clothing, footwear, textiles, and accessories in Zimbabwe. The company also manufactures and sells a range of denim, as well as ladies', children's, and gents' casual wear to other retailers. The company has classified its products and services into six operating segments namely Retailing, Edgars, Jet, Manufacturing, Micro Finance, and Financial Services. The majority of the revenue is generated from the retail sales of its products. Its operations are spread across Zimbabwe.

Edgars Stores (XZIM:EDGR.ZW) Headlines

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