Danske Bank A/S (Danske Bank A/S) Cash-to-Debt : 0.25 (As of Dec. 2023)

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What is Danske Bank A/S 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. Danske Bank A/S's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.25.

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, Danske Bank A/S 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 Danske Bank A/S's Cash-to-Debt or its related term are showing as below:

DNSKF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.21 Max: 0.3
Current: 0.25

During the past 13 years, Danske Bank A/S's highest Cash to Debt Ratio was 0.30. The lowest was 0.10. And the median was 0.21.

DNSKF's Cash-to-Debt is ranked worse than
84.2% of 1437 companies
in the Banks industry
Industry Median: 1.26 vs DNSKF: 0.25

Danske Bank A/S Cash-to-Debt Historical Data

The historical data trend for Danske Bank A/S'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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Danske Bank A/S Cash-to-Debt Chart

Danske Bank A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.15

0.30

0.28

0.19

0.25

Danske Bank A/S 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															0.19	0.31	0.32	0.38	0.25

Competitive Comparison of Danske Bank A/S's Cash-to-Debt

For the Banks - Regional subindustry, Danske Bank A/S'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.

Danske Bank A/S's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where Danske Bank A/S's Cash-to-Debt falls into.

Danske Bank A/S 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.

Danske Bank A/S'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)
	=	40652.689	/	(0	+	161269.24)
	=	0.25

Danske Bank A/S'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)
	=	40652.689	/	(0	+	161269.24)
	=	0.25

Danske Bank A/S (OTCPK:DNSKF) 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.

Danske Bank A/S Cash-to-Debt Related Terms

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Danske Bank A/S (Danske Bank A/S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Danske Bank A/S (OTCPK:DNSKF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DNKEY:USA DANSKc:UK 0NVC:UK DANSKE:Denmark DSN:Germany DANS:Austria

Address

Holmens Kanal 2-12, Copenhagen, DNK, DK-1092

Website

https://www.danskebank.com

Founded in 1871, Danske Bank's headquarters are in Copenhagen, Denmark. It is the largest Danish bank with a dominant market share of 27% in lending and 29% in deposits. It operates through 270 branches in Denmark, Finland, Sweden, Norway, Ireland, and the United Kingdom. With the establishment of its wealth management segment in April 2016, the bank now operates via five segments. The others are banking Denmark, banking Nordics, corporates and institutions, and Northern Ireland.