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Bank of Montreal (NYSE:BMO)
Cash to Debt Ratio
N/A (As of Jul. 2016)

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 Montreal's cash to debt ratio for the quarter that ended in Jul. 2016 was N/A.

BMO' s Cash to Debt Range Over the Past 10 Years
Min: 1.27   Max: N/A
Current: N/A

During the past 13 years, Bank of Montreal's highest Cash to Debt Ratio was N/A. The lowest was 1.27. And the median was 5.61.

BMO's Cash to Debt is ranked higher than
85% of the 1456 Companies
in the Global Banks - Global industry.

( Industry Median: 2.23 vs. BMO: N/A )

Definition

This is the ratio of a company's Cash and Cash Equivalents (Banks or Insurance) to its debt. The debt includes the Current Portion of Long-Term Debt and Long-Term Debt. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Bank of Montreal's Cash to Debt Ratio for the fiscal year that ended in Oct. 2014 is calculated as:

 Cash to Debt Ratio = Cash and Cash Equivalents (Banks or Insurance) / Total Debt = Cash and Cash Equivalents (Banks or Insurance) / (Short-Term Debt + Long-Term Debt) = 30767.0353193 / (0 + 4381.91223689) = 7.02

Bank of Montreal's Cash to Debt Ratio for the quarter that ended in Jul. 2016 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

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.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Bank of Montreal Annual Data

 Oct06 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 cash2debt 5.06 4.98 4.89 2.47 4.49 4.11 5.77 7.31 7.02 10.80

Bank of Montreal Quarterly Data

 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 cash2debt 13.13 11.16 7.02 10.23 10.75 12.80 10.80 8.84 9.37 N/A
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