BOC Hong Kong Holdings (BOC Hong Kong Holdings) Cash-to-Debt

: 5.33 (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. BOC Hong Kong Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 5.33.

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, BOC Hong Kong Holdings 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 BOC Hong Kong Holdings's Cash-to-Debt or its related term are showing as below:

BHKLY' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.33 Med: 14.74 Max: 222.1
Current: 5.33

During the past 13 years, BOC Hong Kong Holdings's highest Cash to Debt Ratio was 222.10. The lowest was 5.33. And the median was 14.74.

BHKLY's Cash-to-Debt is ranked better than
81.48% of 1447 companies
in the Banks industry
Industry Median: 1.23 vs BHKLY: 5.33

BOC Hong Kong Holdings Cash-to-Debt Historical Data

The historical data trend for BOC Hong Kong Holdings'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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BOC Hong Kong Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

25.21

222.10

127.17

6.72

5.33

BOC Hong Kong Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt																127.17	90.76	6.72	5.28	5.33

Competitive Comparison

For the Banks - Regional subindustry, BOC Hong Kong Holdings'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.

BOC Hong Kong Holdings Cash-to-Debt Distribution

For the Banks industry and Financial Services sector, BOC Hong Kong Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where BOC Hong Kong Holdings's Cash-to-Debt falls into.

BOC Hong Kong Holdings 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.

BOC Hong Kong Holdings'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)
	=	53547.85	/	(0	+	10055.059)
	=	5.33

BOC Hong Kong Holdings'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)
	=	53547.85	/	(0	+	10055.059)
	=	5.33

BOC Hong Kong Holdings (OTCPK:BHKLY) 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.

BOC Hong Kong Holdings Cash-to-Debt Related Terms

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BOC Hong Kong Holdings (BOC Hong Kong Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BOC Hong Kong Holdings Ltd (OTCPK:BHKLY) » Definitions » Cash-to-Debt

Traded in Other Exchanges

BNKHF:USA 02388:Hong Kong BOF:Germany

Address

1 Garden Road, 53rd Floor, Bank of China Tower, Hong Kong, HKG

Website

https://www.bochk.com

Bank of China Hong Kong, or BOCHK, is a subsidiary of Bank of China. It is the second-largest bank in Hong Kong in terms of loan and deposit market shares. Although BOCHK is legally separate from Bank of China, it maintains close relationships with it in management, administration, and business relations. The two companies also cooperate in several areas, including the reselling of Bank of China's insurance and securities services. Bank of China holds a 66% stake in BOCHK.

BOC Hong Kong Holdings (BOC Hong Kong Holdings) Headlines

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