Resona Holdings (TSE:8308) Cash-to-Debt : 4.25 (As of Dec. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Resona Holdings 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. Resona Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.25.

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

TSE:8308' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.04 Med: 3.91 Max: 6.65
Current: 4.25

During the past 13 years, Resona Holdings's highest Cash to Debt Ratio was 6.65. The lowest was 2.04. And the median was 3.91.

TSE:8308's Cash-to-Debt is ranked better than
78.39% of 1425 companies
in the Banks industry
Industry Median: 1.3 vs TSE:8308: 4.25

Resona Holdings Cash-to-Debt Historical Data

The historical data trend for Resona Holdings'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.

* Premium members only.

Resona Holdings Cash-to-Debt Chart

Resona Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

5.92

6.01

2.66

2.38

3.75

Resona Holdings 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															3.44	3.75	4.91	4.21	4.25

Competitive Comparison of Resona Holdings's Cash-to-Debt

For the Banks - Regional subindustry, Resona Holdings'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.

Resona Holdings's Cash-to-Debt Distribution in the Banks Industry

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

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

Resona Holdings 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.

Resona Holdings'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)
	=	22391508	/	(0	+	5979155)
	=	3.74

Resona Holdings'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)
	=	20006070	/	(0	+	4706535)
	=	4.25

Resona Holdings (TSE:8308) 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.

Resona Holdings Cash-to-Debt Related Terms

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

Resona Holdings (TSE:8308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Resona Holdings Inc (TSE:8308) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RSNHF:USA DW1:Germany

Address

Fukagawa Gatharia ?2 Building, 5-65, Kiba 1-Chome, Koto-ku, Tokyo, JPN, 135-8582

Website

http://www.resona-gr.co.jp

Resona Holdings is one of the top six Japanese banking groups by assets. Although its banking units are categorized in Japan as "city" banks for historical reasons, it is only around a third of the size of the three megabank groups and effectively a super-regional bank operating mainly in the Kansai region (54% of its branches) and the Tokyo metropolitan area (43% of branches), with a strong focus on retail and small and medium-size enterprises, rather than lending to large corporates. Its overseas operations are limited, which allows it to operate in compliance with domestic capital standards alone.

Resona Holdings (TSE:8308) Headlines

No Headlines