M&T Bank (M&T Bank) Cash-to-Debt : 2.26 (As of Dec. 2023)

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M&T Bank Cash-to-Debt Definition

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. M&T Bank's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.26.

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, M&T 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 M&T Bank's Cash-to-Debt or its related term are showing as below:

MTB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.75 Med: 1.14 Max: 12.4
Current: 2.08

During the past 13 years, M&T Bank's highest Cash to Debt Ratio was 12.40. The lowest was 0.75. And the median was 1.14.

MTB's Cash-to-Debt is ranked better than
63.61% of 1440 companies
in the Banks industry
Industry Median: 1.235 vs MTB: 2.08

M&T Bank Cash-to-Debt Historical Data

The historical data trend for M&T 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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M&T Bank Cash-to-Debt Chart

M&T Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.25

5.75

12.40

3.70

2.26

M&T Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.67	1.89	2.39	2.26	2.08

Competitive Comparison of M&T Bank's Cash-to-Debt

For the Banks - Regional subindustry, M&T 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.

M&T Bank's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, M&T Bank's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where M&T Bank's Cash-to-Debt falls into.

M&T 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.

M&T Bank'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)
	=	29800	/	(5000	+	8201)
	=	2.26

M&T 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)
	=	29800	/	(5000	+	8201)
	=	2.26

M&T Bank (NYSE:MTB) 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.

M&T Bank Cash-to-Debt Related Terms

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M&T Bank (M&T Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » M&T Bank Corp (NYSE:MTB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MTBPH.PFD:USA MTB_KZ:Kazakhstan MTZ:Germany

Address

One M&T Plaza, Buffalo, NY, USA, 14203

Website

https://www.mtb.com

M&T Bank is one of the largest regional banks in the United States, with branches in New York, Pennsylvania, West Virginia, Virginia, Maryland, Delaware, and New Jersey. The bank was founded to serve manufacturing and trading businesses around the Erie Canal and is primarily focused on commercial real estate and commercial-related lending, with some retail operations also present.

Executives

John P Barnes	director	C/O PEOPLE'S UNITED BANK, 850 MAIN STREET, BRIDGEPORT CT 06604
Kirk W Walters	director	C/O PEOPLE'S UNITED BANK, 850 MAIN STREET, 16TH FLOOR, BRIDGEPORT CT 06604
Gary N Geisel	director	C/O PROVIDENT BANKSHARES CORP, 114 LEXINGTON STREET, BALTIMORE MD 21202
Robert J Bojdak	officer: Executive Vice President	ONE FOUNTAIN PLAZA, BUFFALO NY 14203
Doris P. Meister	officer: Executive Vice President	1100 NORTH MARKET STREET, WILMINGTON DE 19801
Daryl N. Bible	officer: Sr. EVP & CFO	214 N TRYON STREET, CHARLOTTE NC 28202
John R. Taylor	officer: EVP & Controller	ONE M&T PLAZA, BUFFALO NY 14203
Ledgett Richard H. Jr.	director	1052 ST. STEPHENS CHURCH ROAD, CROWNSVILLE MD 21032
Carlton J. Charles	director	300 WEST 57TH STREET, NEW YORK NY 10019
Warman D Scott N	officer: Senior Vice President	ONE M&T PLAZA, BUFFALO NY 14203
Michael J. Todaro	officer: Executive Vice President	ONE M&T PLAZA, BUFFALO NY 14203
Michele D Trolli	officer: Exec. VP & Chief Info. Officer	465 MAIN STREET, 8TH FLOOR, BUFFALO NY 14203
Edna Jennifer Warren	officer: Executive Vice President	ONE M&T PLAZA, BUFFALO NY 14203
Christopher E Kay	officer: Executive Vice President	500 W MAIN STREET, LOUISVILLE KY 40202
Kevin J Pearson	officer: Executive Vice President