Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Cash-to-Debt : 2.79 (As of Dec. 2023)

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What is Industrial And Commercial Bank Of China 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. Industrial And Commercial Bank Of China's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.79.

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, Industrial And Commercial Bank Of China 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 Industrial And Commercial Bank Of China's Cash-to-Debt or its related term are showing as below:

IDCBY' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.02 Med: 3.53 Max: 5.09
Current: 2.79

During the past 13 years, Industrial And Commercial Bank Of China's highest Cash to Debt Ratio was 5.09. The lowest was 1.02. And the median was 3.53.

IDCBY's Cash-to-Debt is ranked better than
70.56% of 1437 companies
in the Banks industry
Industry Median: 1.26 vs IDCBY: 2.79

Industrial And Commercial Bank Of China Cash-to-Debt Historical Data

The historical data trend for Industrial And Commercial Bank Of China'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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Industrial And Commercial Bank Of China Cash-to-Debt Chart

Industrial And Commercial Bank Of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.73

3.87

3.27

3.32

2.79

Industrial And Commercial Bank Of China 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															3.32	3.06	2.85	2.78	2.79

Competitive Comparison of Industrial And Commercial Bank Of China's Cash-to-Debt

For the Banks - Diversified subindustry, Industrial And Commercial Bank Of China'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.

Industrial And Commercial Bank Of China's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Industrial And Commercial Bank Of China's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Industrial And Commercial Bank Of China's Cash-to-Debt falls into.

Industrial And Commercial Bank Of China 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.

Industrial And Commercial Bank Of China'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)
	=	742056.945	/	(0	+	265853.898)
	=	2.79

Industrial And Commercial Bank Of China'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)
	=	742056.945	/	(0	+	265853.898)
	=	2.79

Industrial And Commercial Bank Of China (OTCPK:IDCBY) 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.

Industrial And Commercial Bank Of China Cash-to-Debt Related Terms

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

Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Industrial And Commercial Bank Of China Ltd (OTCPK:IDCBY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IDCBF:USA 01398:Hong Kong ICK:Germany ICK:Germany 601398:China

Address

3 Garden Road, 33rd Floor, ICBC Tower, Central, Hong Kong, HKG

Website

http://www.icbc-ltd.com

ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Among these outlets, 417 outlets are located in 42 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 44%, 44%, and 12% of total revenue, respectively; and 39%, 47%, and 24% of profit before tax in 2022. Overseas banking and other business contributed 8% of total revenue and 6% of profit before tax in 2022.

Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Headlines

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