Absa Group (Absa Group) Cash-to-Debt : 0.37 (As of Jun. 2023)

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What is Absa Group 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. Absa Group's cash to debt ratio for the quarter that ended in Jun. 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, Absa Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

AGRPY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 0.32 Max: 0.42
Current: 0.37

During the past 13 years, Absa Group's highest Cash to Debt Ratio was 0.42. The lowest was 0.26. And the median was 0.32.

AGRPY's Cash-to-Debt is ranked worse than
78.43% of 1437 companies
in the Banks industry
Industry Median: 1.26 vs AGRPY: 0.37

Absa Group Cash-to-Debt Historical Data

The historical data trend for Absa Group'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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Absa Group Cash-to-Debt Chart

Absa Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.26

0.29

0.36

0.42

0.29

Absa Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.36	0.42	0.31	0.29	0.37

Competitive Comparison of Absa Group's Cash-to-Debt

For the Banks - Regional subindustry, Absa Group'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.

Absa Group's Cash-to-Debt Distribution in the Banks Industry

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

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

Absa Group 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.

Absa Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	3887.674	/	(0	+	13422.396)
	=	0.29

Absa Group's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	4630.351	/	(0	+	12468.418)
	=	0.37

Absa Group (OTCPK:AGRPY) 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.

Absa Group Cash-to-Debt Related Terms

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Absa Group (Absa Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Absa Group Ltd (OTCPK:AGRPY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ABG:South Africa AGRPF:USA AU61:Germany

Address

15 Troye Street, 7th Floor, Absa Towers West, PO Box 7735, Johannesburg, GT, ZAF, 2000

Website

https://www.absa.africa

Absa Group Ltd is a financial services company that has five main business segments: Product Solutions Cluster, Everyday Banking, Relationship Banking, Absa Regional Operations RBB (ARO RBB), CIB, & Head Office, Treasury, and other operations. The majority is from the Corporate and Investment Bank (CIB) segment which includes prioritized new-to-bank clients across key growth and priority sectors. CIB continued to up-sell and cross-sell new products and services to existing clients. Geographically, the majority is from South Africa.

Absa Group (Absa Group) Headlines

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