Hatton National Bank (COL:HNB.N0000) Cash-to-Debt : 2.80 (As of Mar. 2024)

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What is Hatton National 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. Hatton National Bank's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.80.

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, Hatton National Bank 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 Hatton National Bank's Cash-to-Debt or its related term are showing as below:

COL:HNB.N0000' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.38 Med: 1.18 Max: 2.97
Current: 2.8

During the past 13 years, Hatton National Bank's highest Cash to Debt Ratio was 2.97. The lowest was 0.38. And the median was 1.18.

COL:HNB.N0000's Cash-to-Debt is ranked better than
70.69% of 1426 companies
in the Banks industry
Industry Median: 1.29 vs COL:HNB.N0000: 2.80

Hatton National Bank Cash-to-Debt Historical Data

The historical data trend for Hatton National 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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Hatton National Bank Cash-to-Debt Chart

Hatton National Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.51

0.38

1.12

2.63

2.88

Hatton National Bank 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															2.68	2.62	2.97	2.88	2.80

Competitive Comparison of Hatton National Bank's Cash-to-Debt

For the Banks - Regional subindustry, Hatton National 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.

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

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

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

Hatton National 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.

Hatton National 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)
	=	157860.542	/	(0	+	54783.895)
	=	2.88

Hatton National Bank'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)
	=	127990.133	/	(0	+	45737.4)
	=	2.80

Hatton National Bank (COL:HNB.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.

Hatton National Bank Cash-to-Debt Related Terms

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

Hatton National Bank (COL:HNB.N0000) Business Description

Industry

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

Traded in Other Exchanges

HNB.X0000:Sri Lanka

Address

T B Jayah Mawatha (Darley Road), HNB Towers, No. 479, P.O. Box 837, Colombo, LKA, 10

Website

https://www.hnb.net

Hatton National Bank PLC is a private sector commercial bank operating in Sri Lanka. The company's segment includes Corporate; Retail; SME; Micro; Treasury; Real Estate; Insurance and NBFI. It generates maximum revenue from the Treasury segment.

Hatton National Bank (COL:HNB.N0000) Headlines

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