DFCC Bank (COL:DFCC.N0000) Cash-to-Debt : 0.37 (As of Dec. 2023)

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What is DFCC 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. DFCC Bank's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.37.

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, DFCC Bank couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

COL:DFCC.N0000' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.28 Max: 0.37
Current: 0.37

During the past 13 years, DFCC Bank's highest Cash to Debt Ratio was 0.37. The lowest was 0.17. And the median was 0.28.

COL:DFCC.N0000's Cash-to-Debt is ranked worse than
78.78% of 1423 companies
in the Banks industry
Industry Median: 1.3 vs COL:DFCC.N0000: 0.37

DFCC Bank Cash-to-Debt Historical Data

The historical data trend for DFCC 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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DFCC Bank Cash-to-Debt Chart

DFCC Bank Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.17

0.35

0.29

0.33

0.37

DFCC Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.33	0.29	0.23	0.37	0.37

Competitive Comparison of DFCC Bank's Cash-to-Debt

For the Banks - Regional subindustry, DFCC 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.

DFCC Bank's Cash-to-Debt Distribution in the Banks Industry

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

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

DFCC 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.

DFCC Bank'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)
	=	52706.289	/	(0	+	141157.898)
	=	0.37

DFCC Bank'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)
	=	52706.289	/	(0	+	141157.898)
	=	0.37

DFCC Bank (COL:DFCC.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.

DFCC Bank Cash-to-Debt Related Terms

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

DFCC Bank (COL:DFCC.N0000) Business Description

Industry

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

Traded in Other Exchanges

N/A

Address

73/5, Galle Road, Colombo, LKA, 03

Website

https://www.dfcc.lk

DFCC Bank PLC is a development bank operating along with its subsidiary and venture company in Sri Lanka that operates in four segments; Corporate Banking includes Loans deposits and other transactions and balances with corporate customers, Retail Banking includes Loans, deposits, and other transactions and balances with retail customers, The Treasury segment includes Funding and centralized risk management activities through borrowings, issues of debt securities, use of derivatives for risk management purposes and investing in short-term placements and corporate and government debt securities, and Other segment includes Revenue and expenses attributable to the incorporated business segments of industrial estate management, unit trust management, stock brokering, and consultancy services.

DFCC Bank (COL:DFCC.N0000) Headlines

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