Commercial Bank International PSC (ADX:CBI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

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What is Commercial Bank International PSC 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. Commercial Bank International PSC's cash to debt ratio for the quarter that ended in Jun. 2024 was No Debt ⁽¹⁾.

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, Commercial Bank International PSC could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

(1) 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.

The historical rank and industry rank for Commercial Bank International PSC's Cash-to-Debt or its related term are showing as below:

ADX:CBI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.67 Med: No Debt Max: No Debt
Current: 0.67

During the past 13 years, Commercial Bank International PSC's highest Cash to Debt Ratio was No Debt. The lowest was 0.67. And the median was No Debt.

ADX:CBI's Cash-to-Debt is ranked worse than
67.76% of 1498 companies
in the Banks industry
Industry Median: 1.295 vs ADX:CBI: 0.67

Commercial Bank International PSC Cash-to-Debt Historical Data

The historical data trend for Commercial Bank International PSC'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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Commercial Bank International PSC Cash-to-Debt Chart

Commercial Bank International PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1.29

1.81

0.82

0.69

Commercial Bank International PSC Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	0.69	No Debt	No Debt

Competitive Comparison of Commercial Bank International PSC's Cash-to-Debt

For the Banks - Regional subindustry, Commercial Bank International PSC'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.

Commercial Bank International PSC's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Commercial Bank International PSC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Commercial Bank International PSC's Cash-to-Debt falls into.

Commercial Bank International PSC 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.

Commercial Bank International PSC'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)
	=	1423.206	/	(0	+	2052.69)
	=	0.69

Commercial Bank International PSC's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Commercial Bank International PSC had no debt ⁽¹⁾.

Commercial Bank International PSC (ADX:CBI) 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.

Commercial Bank International PSC Cash-to-Debt Related Terms

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Commercial Bank International PSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Commercial Bank International PSC (ADX:CBI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ras Al-Khaimah, P.O. Box 793, Dubai, ARE

Website

https://www.cbiuae.com

Commercial Bank International PSC provides banking services to companies and enterprising people in the UAE for their personal and professional financial needs. The company's operating segment includes Wholesale banking; Retail banking; Treasury; Real estate and Others.