CIMB Group Holdings Bhd (XKLS:1023) Cash-to-Debt : 1.49 (As of Dec. 2023)

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What is CIMB Group Holdings Bhd 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. CIMB Group Holdings Bhd's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.49.

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, CIMB Group Holdings Bhd could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for CIMB Group Holdings Bhd's Cash-to-Debt or its related term are showing as below:

XKLS:1023' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.14 Med: 1.44 Max: 1.91
Current: 1.49

During the past 13 years, CIMB Group Holdings Bhd's highest Cash to Debt Ratio was 1.91. The lowest was 1.14. And the median was 1.44.

XKLS:1023's Cash-to-Debt is ranked better than
54.42% of 1424 companies
in the Banks industry
Industry Median: 1.3 vs XKLS:1023: 1.49

CIMB Group Holdings Bhd Cash-to-Debt Historical Data

The historical data trend for CIMB Group Holdings Bhd'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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CIMB Group Holdings Bhd Cash-to-Debt Chart

CIMB Group Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.39

1.37

1.85

1.91

1.49

CIMB Group Holdings Bhd 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															1.91	1.99	1.84	1.59	1.49

Competitive Comparison of CIMB Group Holdings Bhd's Cash-to-Debt

For the Banks - Regional subindustry, CIMB Group Holdings Bhd'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.

CIMB Group Holdings Bhd's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, CIMB Group Holdings Bhd's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CIMB Group Holdings Bhd's Cash-to-Debt falls into.

CIMB Group Holdings Bhd 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.

CIMB Group Holdings Bhd'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)
	=	52546.398	/	(0	+	35175.345)
	=	1.49

CIMB Group Holdings Bhd'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)
	=	52546.398	/	(0	+	35175.345)
	=	1.49

CIMB Group Holdings Bhd (XKLS:1023) 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.

CIMB Group Holdings Bhd Cash-to-Debt Related Terms

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

CIMB Group Holdings Bhd (XKLS:1023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CIMB Group Holdings Bhd (XKLS:1023) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Jalan Stesen Sentral 2, Level 13, Menara CIMB, Kuala Lumpur Sentral, Kuala Lumpur, SGR, MYS, 50470

Website

https://www.cimb.com

CIMB Group Holdings Bhd is a full-service bank based primarily in Malaysia and other Association of Southeast Asian Nations. The bank's segment includes Consumer Banking, Commercial Banking, Wholesale Banking, and CIMB Digital Assets and Group Funding. Most of the bank's income is derived from net interest income.

CIMB Group Holdings Bhd (XKLS:1023) Headlines

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