Turnall Holdings (XZIM:TURN.ZW) Cash-to-Debt : 0.52 (As of Jun. 2023)

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What is Turnall Holdings 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. Turnall Holdings's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.52.

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, Turnall Holdings 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 Turnall Holdings's Cash-to-Debt or its related term are showing as below:

XZIM:TURN.ZW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 2.5 Max: No Debt
Current: 0.52

During the past 7 years, Turnall Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 2.50.

XZIM:TURN.ZW's Cash-to-Debt is ranked worse than
54.72% of 1672 companies
in the Construction industry
Industry Median: 0.63 vs XZIM:TURN.ZW: 0.52

Turnall Holdings Cash-to-Debt Historical Data

The historical data trend for Turnall Holdings'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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Turnall Holdings Cash-to-Debt Chart

Turnall Holdings Annual Data

Trend

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.06

0.47

4.08

No Debt

39.35

Turnall Holdings Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial										5.23	No Debt	No Debt	39.35	0.52

Competitive Comparison of Turnall Holdings's Cash-to-Debt

For the Building Products & Equipment subindustry, Turnall Holdings'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.

Turnall Holdings's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Turnall Holdings's Cash-to-Debt distribution charts can be found below:

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

Turnall Holdings 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.

Turnall Holdings'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)
	=	411.061	/	(4.542	+	5.904)
	=	39.35

Turnall Holdings'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)
	=	1538.691	/	(2949.9	+	35.738)
	=	0.52

Turnall Holdings (XZIM:TURN.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.

Turnall Holdings Cash-to-Debt Related Terms

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

Turnall Holdings (XZIM:TURN.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Turnall Holdings Ltd (XZIM:TURN.ZW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Glasgow Road, Workington, P.O. Box 3985, Southerton, Harare, ZWE

Website

https://www.turnall.co.zw

Turnall Holdings Ltd is a Zimbabwe-based company, which is engaged in the production of building and construction materials comprising corrugated sheeting, flat sheets, pressure pipes, sewer pipes, concrete roofing tiles, and related accessories. It operates through segments, which include Building Products, Piping products, and Concrete tiles. The Building Products segment which earns the majority of revenue is engaged in the production of roofing sheets, flat sheets, and molded goods. Its Piping products segment is engaged in the production of water and sewer reticulation pipes. The Concrete tile segment is engaged in the production of concrete roofing products. Geographically, it derives maximum revenue from Zimbabwe.

Turnall Holdings (XZIM:TURN.ZW) Headlines

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