Hachijuni Bank (Hachijuni Bank) Cash-to-Debt : 1.11 (As of Dec. 2023)

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What is Hachijuni Bank 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. Hachijuni Bank's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.11.

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

HACBY' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.01 Med: 1.48 Max: 4.62
Current: 1.11

During the past 13 years, Hachijuni Bank's highest Cash to Debt Ratio was 4.62. The lowest was 1.01. And the median was 1.48.

HACBY's Cash-to-Debt is ranked worse than
54.48% of 1428 companies
in the Banks industry
Industry Median: 1.3 vs HACBY: 1.11

Hachijuni Bank Cash-to-Debt Historical Data

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

Hachijuni Bank Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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1.21

1.01

1.19

1.13

1.18

Hachijuni Bank 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															1.29	1.18	1.28	1.10	1.11

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

For the Banks - Regional subindustry, Hachijuni Bank'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.

Hachijuni Bank's Cash-to-Debt Distribution in the Banks Industry

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

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

Hachijuni Bank 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.

Hachijuni Bank's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	26938.33	/	(0	+	22837.833)
	=	1.18

Hachijuni Bank'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)
	=	25466.286	/	(0	+	23040.404)
	=	1.11

Hachijuni Bank (OTCPK:HACBY) 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.

Hachijuni Bank Cash-to-Debt Related Terms

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

Hachijuni Bank (Hachijuni Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hachijuni Bank Ltd (OTCPK:HACBY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

8359:Japan

Address

178-8 Okada, Nagano, JPN, 380-8682

Website

http://www.82bank.co.jp

Hachijuni Bank Ltd is a Japan-based company that is principally engaged in banking. The company is a regional bank, with its business mainly based in Nagano Prefecture. The company's core business segments consist of the leasing business segment and the banking business segment, which includes the banking and credit card businesses. The company generates the majority of revenue from the banking business segment. The majority of its branches are located in certain areas of Japan, and the firm also has a business presence in overseas markets such as Hong Kong, Dalian, Shanghai, and Bangkok.

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