Optima bank (ATH:OPTIMA) Cash-to-Debt : 21.49 (As of Jun. 2023)

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What is Optima bank 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. Optima bank's cash to debt ratio for the quarter that ended in Jun. 2023 was 21.49.

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, Optima bank could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

ATH:OPTIMA' s Cash-to-Debt Range Over the Past 10 Years
Min: 8.41 Med: 11.85 Max: 21.49
Current: 21.49

During the past 3 years, Optima bank's highest Cash to Debt Ratio was 21.49. The lowest was 8.41. And the median was 11.85.

ATH:OPTIMA's Cash-to-Debt is ranked better than
90.74% of 1425 companies
in the Banks industry
Industry Median: 1.29 vs ATH:OPTIMA: 21.49

Optima bank Cash-to-Debt Historical Data

The historical data trend for Optima bank'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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Optima bank Cash-to-Debt Chart

Optima bank Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

10.59

8.41

13.11

Optima bank Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	10.59	8.41	N/A	13.11	21.49

Competitive Comparison of Optima bank's Cash-to-Debt

For the Banks - Regional subindustry, Optima bank'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.

Optima bank's Cash-to-Debt Distribution in the Banks Industry

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

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

Optima bank 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.

Optima bank's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	331.651	/	(0	+	25.294)
	=	13.11

Optima bank's Cash to Debt Ratio for the quarter 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)
	=	536.803	/	(0	+	24.975)
	=	21.49

Optima bank (ATH:OPTIMA) 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.

Optima bank Cash-to-Debt Related Terms

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

Optima bank (ATH:OPTIMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Optima bank SA (ATH:OPTIMA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

C59:Germany

Address

32 Aigialeias & Paradissou Street, P.O. 15125, Marousi, GRC, 15125

Website

https://www.optimabank.gr

Optima bank SA is a banking and financial services providing institution which caters to the needs of customers both retail and businesses, products and services. It also provides a wide range of banking and brokerage services as well as investment banking services covering the broadest sectors such as Private Banking or Retail Banking, Corporate Banking, Other Services, Capital Management Services and Business Receivables Agency.

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