Banco Itau Chile (Banco Itau Chile) Cash-to-Debt : 0.30 (As of Sep. 2023)

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What is Banco Itau Chile 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. Banco Itau Chile's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.30.

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, Banco Itau Chile couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Banco Itau Chile's Cash-to-Debt or its related term are showing as below:

ITCLY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.3 Max: 0.42
Current: 0.3

During the past 13 years, Banco Itau Chile's highest Cash to Debt Ratio was 0.42. The lowest was 0.13. And the median was 0.30.

ITCLY's Cash-to-Debt is ranked worse than
81.79% of 1439 companies
in the Banks industry
Industry Median: 1.25 vs ITCLY: 0.30

Banco Itau Chile Cash-to-Debt Historical Data

The historical data trend for Banco Itau Chile'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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Banco Itau Chile Cash-to-Debt Chart

Banco Itau Chile Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.16

0.13

0.32

0.37

0.30

Banco Itau Chile Quarterly Data
	Mar14	Jun14	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.32	0.30	0.31	0.23	0.30

Competitive Comparison of Banco Itau Chile's Cash-to-Debt

For the Banks - Regional subindustry, Banco Itau Chile'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.

Banco Itau Chile's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where Banco Itau Chile's Cash-to-Debt falls into.

Banco Itau Chile 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.

Banco Itau Chile's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	4098.852	/	(0	+	13529.576)
	=	0.30

Banco Itau Chile's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	3344.73	/	(16.589	+	11335.44)
	=	0.29

Banco Itau Chile (OTCPK:ITCLY) 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.

Banco Itau Chile Cash-to-Debt Related Terms

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Banco Itau Chile (Banco Itau Chile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Itau Chile (OTCPK:ITCLY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

D8S:Germany ITAUCL:Chile

Address

Presidente Riesco 5537, Las Condes, Santiago, CHL

Website

https://www.itau.cl

Banco Itau Chile is a commercial bank from Chile. The bank has operations in Colombia, Panama, the United States, and Spain. CorpBanca offers commercial and retail banking products, mainly to individuals and midsize and large corporations. The product portfolio consists of treasury and financial advisory, securities brokerage, asset management, insurance brokerage, investment banking, payment products, legal services, cash management, international trade, mortgages, and consumer credit.