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Banco Santander SA (NYSE:SAN)
Cash to Debt Ratio
9.38 (As of Dec. 2013)

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash and cash equivalents divide by its debt. Banco Santander SA's cash to debt ratio for the quarter that ended in Dec. 2013 was 9.38.

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, Banco Santander SA could pay off its debt using the cash in hand for the quarter that ended in Dec. 2013.

SAN' s 10-Year Cash to Debt Range
Min: 0.05   Max: No Debt
Current: 0.79

During the past 13 years, Banco Santander SA's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 0.48.

SAN's Cash to Debtis ranked higher than
71% of the 1274 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 1.10 vs. SAN: 0.79 )

Definition

This is the ratio of a company's Cash and cash equivalents to its debt. The debt includes the Current Portion of Long-Term Debt and Long-Term Debt. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Banco Santander SA's Cash to Debt Ratio for the fiscal year that ended in Dec. 2013 is calculated as:

Cash to Debt Ratio=Cash and Cash Equivalents (Banks or Insurance) / Total Debt
=Cash and Cash Equivalents (Banks or Insurance) / (Short-Term Debt + Long-Term Debt)
=206137.60218 / (0 + 21987.7384196)
=9.38

Banco Santander SA's Cash to Debt Ratio for the quarter that ended in Dec. 2013 is calculated as:

Cash to Debt Ratio=Cash and Cash Equivalents (Banks or Insurance) / Total Debt
=Cash and Cash Equivalents (Banks or Insurance) / (Short-Term Debt + Long-Term Debt)
=206137.60218 / (0 + 21987.7384196)
=9.38

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


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.


Related Terms

Current Portion of Long-Term Debt, Long-Term Debt, Cash and Cash Equivalents (For Banks and Insurance Companies), Cash and Cash Equivalents


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Banco Santander SA Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Jun13Dec13
cash2debt 0.110.060.120.170.140.354.186.50No Debt9.38

Banco Santander SA Quarterly Data

Mar11Jun11Sep11Dec11Jun12Sep12Dec12Jun13Sep13Dec13
cash2debt 7.13No Debt6.404.20No Debt0.736.50No Debt0.799.38
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