Bank of New York Mellon (Bank of New York Mellon) Cash-to-Debt

: 3.95 (As of Dec. 2023)

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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 New York Mellon's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.95.

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, Bank of New York Mellon 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 Bank of New York Mellon's Cash-to-Debt or its related term are showing as below:

BK' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.56 Med: 3.76 Max: 6.16
Current: 3.95

During the past 13 years, Bank of New York Mellon's highest Cash to Debt Ratio was 6.16. The lowest was 2.56. And the median was 3.76.

BK's Cash-to-Debt is ranked worse than
51.83% of 1478 companies
in the Asset Management industry
Industry Median: 5.095 vs BK: 3.95

Bank of New York Mellon Cash-to-Debt Historical Data

The historical data trend for Bank of New York Mellon'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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Bank of New York Mellon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

3.58

6.16

4.55

3.48

3.95

Bank of New York Mellon 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																3.48	4.04	3.93	4.08	3.95

Competitive Comparison

For the Asset Management subindustry, Bank of New York Mellon'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.

Bank of New York Mellon Cash-to-Debt Distribution

For the Asset Management industry and Financial Services sector, Bank of New York Mellon's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Bank of New York Mellon's Cash-to-Debt falls into.

Bank of New York Mellon 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.

Bank of New York Mellon'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)
	=	125191	/	(0	+	31736)
	=	3.94

Bank of New York Mellon'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)
	=	125191	/	(0	+	31736)
	=	3.94

Bank of New York Mellon (NYSE:BK) 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.

Bank of New York Mellon Cash-to-Debt Related Terms

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Bank of New York Mellon (Bank of New York Mellon) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Bank of New York Mellon Corp (NYSE:BK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BN9:Germany BN9:Germany BONY34:Brazil BK:Argentina

Address

240 Greenwich Street, New York, NY, USA, 10286

Website

https://www.bnymellon.com

BNY Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with about $44.3 trillion in under custody and administration (as of Dec. 31, 2022), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investments. BNY Mellon's asset-management division manages about $1.8 trillion in assets.

Executives

Catherine Keating	officer: Sr. Exec. Vice President	75 STATE ST, BOSTON MA 02109
Hanneke Smits	officer: Sr. Exec. Vice President	160 QUEEN VICTORIA STREET, THE BANK OF NEW YORK MELLON CENTRE, LONDON X0 EC4V 4LA
Jayee Koffey	officer: Sr. Exec. Vice President	240 GREENWICH STREET, NEW YORK NY 10286
Kurtis R. Kurimsky	officer: Acting Controller	225 LIBERTY STREET, NEW YORK NY 10286
J Kevin Mccarthy	director, officer: SEVP & General Counsel	THE BANK OF NEW YORK MELLON CORPORATION, 225 LIBERTY STREET, NEW YORK NY 10286
Dermot Mcdonogh	officer: Sr. Executive Vice President	240 GREENWICH STREET, NEW YORK NY 10286
Thomas P Gibbons	officer: Sr. Executive Vice President	THE BANK OF NEW YORK MELLON CORPORATION, 225 LIBERTY STREET, NEW YORK NY 10286
Sandie O'connor	director	C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
La Salla Francis J.	officer: Sr. Executive Vice President	101 BARCLAY STREET, NEW YORK NY 10286
Jeffrey D Landau	officer: Sr. Exec Vice President	200 PARK AVENUE, NEW YORK NY 10166
Marguerite Amy Gilliland	director	2941 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Kumara Guru Gowrappan	director	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Robin A. Vince	officer: Vice Chair	240 GREENWICH STREET, `, NEW YORK NY 10286
Ralph Izzo	director	PSEG 80 PARK PLAZA, T6B NEWARK NJ 07102-4194
Mitchell E. Harris	officer: Sr. Executive Vice President	225 LIBERTY STREET, NEW YORK NY 10286