BSP Financial Group (ASX:BFL) Cash-to-Debt : 28.33 (As of Dec. 2023)

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What is BSP Financial Group 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. BSP Financial Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 28.33.

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, BSP Financial Group 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 BSP Financial Group's Cash-to-Debt or its related term are showing as below:

ASX:BFL' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.43 Med: 15.07 Max: 28.33
Current: 28.33

During the past 3 years, BSP Financial Group's highest Cash to Debt Ratio was 28.33. The lowest was 11.43. And the median was 15.07.

ASX:BFL's Cash-to-Debt is ranked better than
92.13% of 1423 companies
in the Banks industry
Industry Median: 1.3 vs ASX:BFL: 28.33

BSP Financial Group Cash-to-Debt Historical Data

The historical data trend for BSP Financial Group'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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BSP Financial Group Cash-to-Debt Chart

BSP Financial Group Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

11.43

15.07

28.33

BSP Financial Group Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			11.43	No Debt	15.07	No Debt	28.33

Competitive Comparison of BSP Financial Group's Cash-to-Debt

For the Banks - Regional subindustry, BSP Financial Group'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.

BSP Financial Group's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where BSP Financial Group's Cash-to-Debt falls into.

BSP Financial Group 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.

BSP Financial Group's Cash to Debt Ratio for the fiscal year 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)
	=	3142.587	/	(110.922	+	0)
	=	28.33

BSP Financial Group'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)
	=	3142.587	/	(110.922	+	0)
	=	28.33

BSP Financial Group (ASX:BFL) 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.

BSP Financial Group Cash-to-Debt Related Terms

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BSP Financial Group (ASX:BFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BSP Financial Group Ltd (ASX:BFL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Klinki Street, Waigani Drive, Section 34, Allotment 6 and 7, Hohola, Port Moresby, PNG, 121

Website

https://www.bsp.com.pg

BSP Financial Group Ltd is a diversified business covering banking, asset finance, life insurance, funds management, and corporate advisory services across the South Pacific and South-East Asia. The company's operating segment includes PNG Bank; Offshore Banks and Non-Bank Entities. It generates a vast majority of its revenues from the PNG Bank segment.

BSP Financial Group (ASX:BFL) Headlines

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