CATY (Cathay General Bancorp) Cash-to-Debt : 0.48 (As of Jun. 2024)

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What is Cathay General Bancorp 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. Cathay General Bancorp's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.48.

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, Cathay General Bancorp couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

CATY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 0.36 Max: 1.77
Current: 0.79

During the past 13 years, Cathay General Bancorp's highest Cash to Debt Ratio was 1.77. The lowest was 0.19. And the median was 0.36.

CATY's Cash-to-Debt is ranked worse than
63.4% of 1500 companies
in the Banks industry
Industry Median: 1.295 vs CATY: 0.79

Cathay General Bancorp Cash-to-Debt Historical Data

The historical data trend for Cathay General Bancorp'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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Cathay General Bancorp Cash-to-Debt Chart

Cathay General Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.20

0.43

0.70

0.30

0.25

Cathay General Bancorp Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.77	0.25	0.38	0.48	0.79

Competitive Comparison of Cathay General Bancorp's Cash-to-Debt

For the Banks - Regional subindustry, Cathay General Bancorp'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.

Cathay General Bancorp's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where Cathay General Bancorp's Cash-to-Debt falls into.

Cathay General Bancorp 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.

Cathay General Bancorp'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)
	=	173.988	/	(0	+	709.72)
	=	0.25

Cathay General Bancorp's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	160.389	/	(0	+	337.329)
	=	0.48

Cathay General Bancorp (NAS:CATY) 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.

Cathay General Bancorp Cash-to-Debt Related Terms

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

Cathay General Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Cathay General Bancorp (NAS:CATY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CN7:Germany

Address

777 North Broadway, Los Angeles, CA, USA, 90012

Website

https://www.cathaybank.com

Cathay General Bancorp is a regional bank predominantly serving the Chinese-American community. The company's policy is to reach out and actively offer services to low-to-moderate income groups in the delineated branch service areas. It predominantly provides services such as checking and deposit, lines of credits, commercial and commercial real estate loans, merchant services and payment processing, treasury management services, international banking and financing services, and other customary banking services to individuals, professionals, and small to medium-sized businesses. Through its Wealth Management unit, the company also offers investment products and services, such as stocks, bonds, mutual funds, insurance, annuities, and advisory services.

Executives

Dunson K Cheng	director, officer: Chairman & President
Peter Wu	director, officer: Executive Vice Chairman/COO
Kim R Bingham	officer: EVP - Chief Credit Officer	CATHAY BANK, 777 NORTH BROADWAY, LOS ANGELES CA 90012
Anthony M Tang	director, officer: EVP
Richard Sun	director	CATHAY GENERAL BANCORP, 9650 FLAIR DRIVE, EL MONTE CA 91731
May K. Chan	officer: SVP, General Counsel	9650 FLAIR DRIVE, EL MONTE CA 91731
Shally Wang	director	9650 FLAIR DRIVE, EL MONTE CA 91731
Irwin Wong	officer: Executive Vice President
Jane H Jelenko	director	CATHAY GENERAL BANCORP, 9650 FLAIR DRIVE, EL MONTE CA 91731
Maan-huei Hung	director	CATHAY GENERAL BANCORP, 9650 FLAIR DRIVE, EL MONTE CA 91731
Lisa L. Kim	officer: EVP, General Counsel	EAST WEST BANCORP INC, 135 N. LOS ROBLES AVE., 7TH FL, PASADENA CA 91101
Chang Liu	officer: EVP, Chief Operating Officer	C/O FIRST PACTRUST BANCORP INC, 610 BAY BOULEVARD, CHULA VISTA CA 91910
Kelly L Chan	director
Mark Hakjoon Lee	officer: EVP, Chief Credit Officer	CATHAY GENERAL BANCORP, 9650 FLAIR DRIVE, EL MONTE CA 91731
Patrick Lee	director