Itau Unibanco Holding (Itau Unibanco Holding) Cash-to-Debt : 0.51 (As of Dec. 2023)

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What is Itau Unibanco Holding 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. Itau Unibanco Holding's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.51.

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, Itau Unibanco Holding 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 Itau Unibanco Holding's Cash-to-Debt or its related term are showing as below:

ITUB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.46 Med: 0.56 Max: 0.7
Current: 0.51

During the past 13 years, Itau Unibanco Holding's highest Cash to Debt Ratio was 0.70. The lowest was 0.46. And the median was 0.56.

ITUB's Cash-to-Debt is ranked worse than
72.29% of 1440 companies
in the Banks industry
Industry Median: 1.235 vs ITUB: 0.51

Itau Unibanco Holding Cash-to-Debt Historical Data

The historical data trend for Itau Unibanco Holding'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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Itau Unibanco Holding Cash-to-Debt Chart

Itau Unibanco Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.55

0.64

0.70

0.49

0.51

Itau Unibanco Holding 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															0.49	0.49	0.50	0.50	0.51

Competitive Comparison of Itau Unibanco Holding's Cash-to-Debt

For the Banks - Regional subindustry, Itau Unibanco Holding'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.

Itau Unibanco Holding's Cash-to-Debt Distribution in the Banks Industry

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

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

Itau Unibanco Holding 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.

Itau Unibanco Holding'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)
	=	46616.597	/	(37999.102	+	54215.682)
	=	0.51

Itau Unibanco Holding'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)
	=	46616.597	/	(37999.102	+	54215.682)
	=	0.51

Itau Unibanco Holding (NYSE:ITUB) 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.

Itau Unibanco Holding Cash-to-Debt Related Terms

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Itau Unibanco Holding (Itau Unibanco Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Itau Unibanco Holding SA (NYSE:ITUB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ITUB:Mexico BVXB:Germany BVXB:Germany ITUB4:Brazil ITUB3:Brazil ITUB:Argentina

Address

Praca Alfredo Egydio de Souza Aranha, 100, Torre Olavo Setubal, Parque Jabaquara, Sao Paulo, SP, BRA, 04344-902

Website

https://www.itau.com.br

Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 33% and 44%% of the bank's total loans, respectively, while foreign loans account for 23% of its portfolio. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.