BNK Banking (ASX:BBC) Cash-to-Debt : 1.09 (As of Dec. 2023)

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What is BNK Banking 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. BNK Banking's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.09.

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, BNK Banking could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:BBC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.52 Med: No Debt Max: No Debt
Current: 1.09

During the past 12 years, BNK Banking's highest Cash to Debt Ratio was No Debt. The lowest was 0.52. And the median was No Debt.

ASX:BBC's Cash-to-Debt is ranked worse than
55.24% of 1423 companies
in the Banks industry
Industry Median: 1.3 vs ASX:BBC: 1.09

BNK Banking Cash-to-Debt Historical Data

The historical data trend for BNK Banking'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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BNK Banking Cash-to-Debt Chart

BNK Banking Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.92

0.99

0.52

BNK Banking Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.71	0.99	0.90	0.52	1.09

Competitive Comparison of BNK Banking's Cash-to-Debt

For the Banks - Regional subindustry, BNK Banking'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.

BNK Banking's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, BNK Banking's Cash-to-Debt distribution charts can be found below:

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

BNK Banking Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

BNK Banking's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	147.193	/	(261.764	+	23.27)
	=	0.52

BNK Banking's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	307.435	/	(257.889	+	23.849)
	=	1.09

BNK Banking (ASX:BBC) 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.

BNK Banking Cash-to-Debt Related Terms

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BNK Banking (ASX:BBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BNK Banking Corp Ltd (ASX:BBC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

191 St George’s Terrace, Level 14, Perth, WA, AUS, 6000

Website

https://www.bnk.com.au

BNK Banking Corp Ltd is engaged in the provision of a range of banking products and services to existing and new customers. The company offers a range of loan products, including home loans, personal loans, car loans, business loans. It also offers a range of savings and investments, including transaction and savings accounts and term deposits. The company offers general and health insurance. It offers deposit accounts, including General Savings Account and Business Account. The company's operating segment includes Banking and Aggregation. It generates maximum revenue from the Banking segment.