Bank of Africa (CAS:BOA) Cash-to-Debt : 0.33 (As of Dec. 2023)

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What is Bank of Africa 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 Africa's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.33.

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, Bank of Africa couldn't 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 Africa's Cash-to-Debt or its related term are showing as below:

CAS:BOA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.28 Max: 0.4
Current: 0.33

During the past 13 years, Bank of Africa's highest Cash to Debt Ratio was 0.40. The lowest was 0.20. And the median was 0.28.

CAS:BOA's Cash-to-Debt is ranked worse than
81.14% of 1426 companies
in the Banks industry
Industry Median: 1.29 vs CAS:BOA: 0.33

Bank of Africa Cash-to-Debt Historical Data

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

Bank of Africa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.27

0.29

0.40

0.36

0.33

Bank of Africa 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															0.36	0.97	0.29	0.61	0.33

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

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

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

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

Bank of Africa 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 Africa'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)
	=	18474.878	/	(0	+	56251.766)
	=	0.33

Bank of Africa'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)
	=	18474.878	/	(0	+	56251.766)
	=	0.33

Bank of Africa (CAS:BOA) 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 Africa Cash-to-Debt Related Terms

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Bank of Africa (CAS:BOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Africa (CAS:BOA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

140 Avenue Hassan II, Casablanca, MAR, 20000

Website

https://www.ir-bankofafrica.ma

Bank of Africa, formerly Banque Marocaine Du Commerce Exterieur SA is a full-service commercial bank with operations in Morocco and neighboring countries in Africa but also in Europe, China, and Canada. It offers a range of financial services to individual, corporate, and professional clients, including banking, insurance, and asset management. Its products include accounts, credit cards, loans, and other savings and investment products. The bank focuses on developing its core business with stronger market penetration of small and medium-sized businesses and younger customers.

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