Bank of Communications Co (SHSE:601328) Cash-to-Debt : 1.38 (As of Mar. 2024)

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What is Bank of Communications Co 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. Bank of Communications Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.38.

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, Bank of Communications Co 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 Bank of Communications Co's Cash-to-Debt or its related term are showing as below:

SHSE:601328' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.01 Med: 1.6 Max: 3.72
Current: 1.38

During the past 13 years, Bank of Communications Co's highest Cash to Debt Ratio was 3.72. The lowest was 1.01. And the median was 1.60.

SHSE:601328's Cash-to-Debt is ranked better than
52.7% of 1425 companies
in the Banks industry
Industry Median: 1.29 vs SHSE:601328: 1.38

Bank of Communications Co Cash-to-Debt Historical Data

The historical data trend for Bank of Communications Co'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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Bank of Communications Co Cash-to-Debt Chart

Bank of Communications Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.71

1.63

1.33

1.51

1.46

Bank of Communications Co 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															1.47	1.36	1.36	1.46	1.38

Competitive Comparison of Bank of Communications Co's Cash-to-Debt

For the Banks - Diversified subindustry, Bank of Communications Co'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.

Bank of Communications Co's Cash-to-Debt Distribution in the Banks Industry

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

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

Bank of Communications Co 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.

Bank of Communications Co'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)
	=	1557273	/	(0	+	1065146)
	=	1.46

Bank of Communications Co'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)
	=	1475825	/	(0	+	1070108)
	=	1.38

Bank of Communications Co (SHSE:601328) 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.

Bank of Communications Co Cash-to-Debt Related Terms

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Bank of Communications Co (SHSE:601328) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Communications Co Ltd (SHSE:601328) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BCMXY:USA 03328:Hong Kong C4C:Germany

Address

No.188, Yin Cheng Zhong Lu, Pilot Free Trade Zone, Pudong New District, Shanghai, CHN, 200120

Website

https://www.bankcomm.com

Bank of Communications, or Bocom, is the only state-owned bank with headquarters in Shanghai. As one of China's four oldest banks, Bocom became China's first state-owned shareholding commercial bank in 1987. Today, Bocom is amid a strategic transformation, building itself into a global wealth-management bank with wide-ranging financial operations, including insurance, brokerage, trust, and asset management.

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