Bank of Palestine (XPAE:BOP) Cash-to-Debt : 19.25 (As of Dec. 2023)

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What is Bank of Palestine 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 Palestine's cash to debt ratio for the quarter that ended in Dec. 2023 was 19.25.

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

XPAE:BOP' s Cash-to-Debt Range Over the Past 10 Years
Min: 14.3 Med: 19.35 Max: No Debt
Current: 19.25

During the past 13 years, Bank of Palestine's highest Cash to Debt Ratio was No Debt. The lowest was 14.30. And the median was 19.35.

XPAE:BOP's Cash-to-Debt is ranked better than
90.14% of 1430 companies
in the Banks industry
Industry Median: 1.29 vs XPAE:BOP: 19.25

Bank of Palestine Cash-to-Debt Historical Data

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

Bank of Palestine Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

15.76

15.31

16.83

14.30

19.25

Bank of Palestine 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															14.30	14.57	15.54	16.39	19.25

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

For the Banks - Regional subindustry, Bank of Palestine'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 Palestine's Cash-to-Debt Distribution in the Banks Industry

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

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

Bank of Palestine 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 Palestine'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)
	=	2812.698	/	(0	+	146.14)
	=	19.25

Bank of Palestine'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)
	=	2812.698	/	(0	+	146.14)
	=	19.25

Bank of Palestine (XPAE:BOP) 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 Palestine Cash-to-Debt Related Terms

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

Bank of Palestine (XPAE:BOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Palestine (XPAE:BOP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ain Misbah, P.O. Box 471, Ramallah, PSE

Website

https://www.bankofpalestine.com

Bank of Palestine is active in the banking operation in Palestine. The areas of businesses under its portfolio include Retail banking, Corporate banking and Treasury services, which are also its operating segments. The Retail banking is its key segment and generates the maximum revenues through interest received from individual customers' deposits and providing consumer loans, overdrafts, credit card facilities and other services. The Corporate banking segment includes handling loans, credit facilities, deposits and current accounts for corporate, institutional customers and public sector. Under the Treasury service umbrella, the bank provides trading and treasury services and manages the bank's funds and investment.

Bank of Palestine (XPAE:BOP) Headlines

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