First Mutual Properties (XZIM:FMP.ZW) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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

XZIM:FMP.ZW' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.13 Med: No Debt Max: No Debt
Current: No Debt

During the past 7 years, First Mutual Properties's highest Cash to Debt Ratio was No Debt. The lowest was 6.13. And the median was No Debt.

XZIM:FMP.ZW's Cash-to-Debt is not ranked
in the Real Estate industry.
Industry Median: 0.25 vs XZIM:FMP.ZW: No Debt

First Mutual Properties Cash-to-Debt Historical Data

The historical data trend for First Mutual Properties'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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First Mutual Properties Cash-to-Debt Chart

First Mutual Properties Annual Data

Trend

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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6.13

No Debt

First Mutual Properties Semi-Annual Data
	Jun09	Jun11	Dec11	Jun12	Dec12	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial										No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of First Mutual Properties's Cash-to-Debt

For the Real Estate Services subindustry, First Mutual Properties'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.

First Mutual Properties's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, First Mutual Properties's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where First Mutual Properties's Cash-to-Debt falls into.

First Mutual Properties 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.

First Mutual Properties's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

First Mutual Properties had no debt ⁽¹⁾.

First Mutual Properties's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

First Mutual Properties had no debt ⁽¹⁾.

First Mutual Properties (XZIM:FMP.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.

First Mutual Properties Cash-to-Debt Related Terms

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

First Mutual Properties (XZIM:FMP.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » First Mutual Properties Ltd (XZIM:FMP.ZW) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

100 Borrowdale Road, First Floor, First Mutual Park, Borrowdale, Harare, ZWE

Website

https://www.firstmutual.co.zw

First Mutual Properties Ltd is principally engaged in property investment, development, and management. The segments of the company include office, retail and industrial properties. The office segment acquires, develops and leases office in the central business district and office parks. Office comprise the high rise central business district buildings and office parks in Zimbabwe. The retail segment acquires, develops and leases shops, and the industrial segment comprises properties situated in designated industrial areas of Zimbabwe. The industrial segment comprises properties situated in designated industrial areas of Zimbabwe.

First Mutual Properties (XZIM:FMP.ZW) Headlines

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First Mutual Properties (XZIM:FMP.ZW) Cash-to-Debt : No Debt (1) (As of Jun. 2023)