Credit Agricole (Credit Agricole) Cash-to-Debt

: 2.15 (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. Credit Agricole's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.15.

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, Credit Agricole 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 Credit Agricole's Cash-to-Debt or its related term are showing as below:

CRARF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 1.87 Max: 3.22
Current: 2.15

During the past 13 years, Credit Agricole's highest Cash to Debt Ratio was 3.22. The lowest was 0.25. And the median was 1.87.

CRARF's Cash-to-Debt is ranked better than
64.41% of 1447 companies
in the Banks industry
Industry Median: 1.23 vs CRARF: 2.15

Credit Agricole Cash-to-Debt Historical Data

The historical data trend for Credit Agricole'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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Credit Agricole Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.91

2.98

3.22

2.73

2.15

Credit Agricole 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																2.73	N/A	2.30	0.59	2.15

Competitive Comparison

For the Banks - Regional subindustry, Credit Agricole'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.

Credit Agricole Cash-to-Debt Distribution

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

* The bar in red indicates where Credit Agricole's Cash-to-Debt falls into.

Credit Agricole 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.

Credit Agricole'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)
	=	653142.857	/	(0	+	303729.553)
	=	2.15

Credit Agricole'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)
	=	653142.857	/	(0	+	303729.553)
	=	2.15

Credit Agricole (OTCPK:CRARF) 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.

Credit Agricole Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Credit Agricole's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Credit Agricole (Credit Agricole) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Credit Agricole SA (OTCPK:CRARF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CRARY:USA ACAF:Mexico ACA:Italy ACAp:UK 0HAI:UK ACA:France XCA:Germany ACA:Austria

Address

12 Place des Etats-Unis, Montrouge Cedex, Paris, FRA, 92127

Website

https://www.credit-agricole.com

Credit Agricole S.A. is majority-owned by a group of 39 mutually owned, regional French banks, and together, they form the Credit Agricole Group, the largest cooperative bank globally. Credit Agricole S.A. houses all of Credit Agricole Group's activities, excluding the core French retail and commercial banking operations and including corporate and investment banking, its insurance operations, its international operations, notably in Italy, LCL, a separately branded French retail bank, and Credit Agricole S.A.'s majority interest in individually listed asset manager Amundi. Credit Agricole S.A. also acts as the central bank for the group.

Credit Agricole (Credit Agricole) Headlines

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