Commercial Bank of Ceylon (COL:COMB.N0000) Cash-to-Debt : 5.49 (As of Mar. 2024)

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What is Commercial Bank of Ceylon 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. Commercial Bank of Ceylon's cash to debt ratio for the quarter that ended in Mar. 2024 was 5.49.

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, Commercial Bank of Ceylon could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Commercial Bank of Ceylon's Cash-to-Debt or its related term are showing as below:

COL:COMB.N0000' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 1.12 Max: 6.73
Current: 5.49

During the past 13 years, Commercial Bank of Ceylon's highest Cash to Debt Ratio was 6.73. The lowest was 0.33. And the median was 1.12.

COL:COMB.N0000's Cash-to-Debt is ranked better than
82.05% of 1426 companies
in the Banks industry
Industry Median: 1.29 vs COL:COMB.N0000: 5.49

Commercial Bank of Ceylon Cash-to-Debt Historical Data

The historical data trend for Commercial Bank of Ceylon'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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Commercial Bank of Ceylon Cash-to-Debt Chart

Commercial Bank of Ceylon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.12

1.03

0.98

2.26

3.75

Commercial Bank of Ceylon Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															6.73	5.10	5.74	3.75	5.49

Competitive Comparison of Commercial Bank of Ceylon's Cash-to-Debt

For the Banks - Regional subindustry, Commercial Bank of Ceylon'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.

Commercial Bank of Ceylon's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Commercial Bank of Ceylon's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Commercial Bank of Ceylon's Cash-to-Debt falls into.

Commercial Bank of Ceylon 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.

Commercial Bank of Ceylon'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)
	=	314513.081	/	(0	+	83863.853)
	=	3.75

Commercial Bank of Ceylon's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	273874.871	/	(0	+	49934.313)
	=	5.48

Commercial Bank of Ceylon (COL:COMB.N0000) 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.

Commercial Bank of Ceylon Cash-to-Debt Related Terms

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

Commercial Bank of Ceylon (COL:COMB.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Commercial Bank of Ceylon PLC (COL:COMB.N0000) » Definitions » Cash-to-Debt

Traded in Other Exchanges

COMB.X0000:Sri Lanka

Address

No. 21, Commercial House, Sir Razik Fareed Mawatha, P.O. Box 856, Colombo, LKA, 01

Website

https://www.combank.lk

Commercial Bank of Ceylon PLC is a financial institution operating in Sri Lanka. It offers a savings account, deposits, current accounts, loans, cards, online banking, mobile banking, among others. The operating segments of the group are Personal Banking; Corporate Banking; International operations; Dealing/treasury; and NBFI, Real Estate and Services.

Commercial Bank of Ceylon (COL:COMB.N0000) Headlines

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