National Australia Bank (ASX:NABPI.PFD) Cash-to-Debt : 0.22 (As of Sep. 2024)

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What is National Australia Bank 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. National Australia Bank's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.22.

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, National Australia Bank couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

ASX:NABPI.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.2 Max: 0.31
Current: 0.22

During the past 13 years, National Australia Bank's highest Cash to Debt Ratio was 0.31. The lowest was 0.09. And the median was 0.20.

ASX:NABPI.PFD's Cash-to-Debt is ranked worse than
87.06% of 1499 companies
in the Banks industry
Industry Median: 1.29 vs ASX:NABPI.PFD: 0.22

National Australia Bank Cash-to-Debt Historical Data

The historical data trend for National Australia Bank'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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National Australia Bank Cash-to-Debt Chart

National Australia Bank Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Cash-to-Debt

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0.16

0.31

0.30

0.25

0.22

National Australia Bank Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.30	0.71	0.25	0.41	0.22

Competitive Comparison of National Australia Bank's Cash-to-Debt

For the Banks - Diversified subindustry, National Australia Bank'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.

National Australia Bank's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where National Australia Bank's Cash-to-Debt falls into.

National Australia Bank 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.

National Australia Bank's Cash to Debt Ratio for the fiscal year that ended in Sep. 2024 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)
	=	112937	/	(296682	+	214292)
	=	0.22

National Australia Bank's Cash to Debt Ratio for the quarter that ended in Sep. 2024 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)
	=	112937	/	(296682	+	214292)
	=	0.22

National Australia Bank (ASX:NABPI.PFD) 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.

National Australia Bank Cash-to-Debt Related Terms

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National Australia Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » National Australia Bank Ltd (ASX:NABPI.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NAUBF:USA NABZY:USA NAL:Germany NABPH.PFD:Australia NABPF.PFD:Australia NAB:Australia

Address

395 Bourke Street, Level 28, Melbourne, VIC, AUS, 3000

Website

https://www.nab.com.au

National Australia Bank is the most business-focused of the four major banks, holding the largest share of business loans and the number-three spot in home loans. National Australia Bank is currently the second-largest bank by market capitalization, with the franchise covering consumer, small business, corporate, and institutional sectors. Under the UBank brand the bank also owns one of Australia's largest digital-only banks. Offshore operations in New Zealand round out the group.

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