American Express Co (BSP:AXPB34) Cash-to-Debt : 0.87 (As of Sep. 2024)

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What is American Express Co 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. American Express Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.87.

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, American Express Co 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 American Express Co's Cash-to-Debt or its related term are showing as below:

BSP:AXPB34' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.36 Med: 0.56 Max: 1.07
Current: 0.87

During the past 13 years, American Express Co's highest Cash to Debt Ratio was 1.07. The lowest was 0.36. And the median was 0.56.

BSP:AXPB34's Cash-to-Debt is ranked better than
68.86% of 517 companies
in the Credit Services industry
Industry Median: 0.22 vs BSP:AXPB34: 0.87

American Express Co Cash-to-Debt Historical Data

The historical data trend for American Express Co'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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American Express Co Cash-to-Debt Chart

American Express Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.38

0.73

0.53

0.76

0.95

American Express Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.91	0.95	1.07	0.99	0.87

Competitive Comparison of American Express Co's Cash-to-Debt

For the Credit Services subindustry, American Express Co'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.

American Express Co's Cash-to-Debt Distribution in the Credit Services Industry

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

* The bar in red indicates where American Express Co's Cash-to-Debt falls into.

American Express Co 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.

American Express Co'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)
	=	227987.694	/	(6335.441	+	234533.827)
	=	0.95

American Express Co'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)
	=	264800.983	/	(8068.575	+	296527.039)
	=	0.87

American Express Co (BSP:AXPB34) 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.

American Express Co Cash-to-Debt Related Terms

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

American Express Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » American Express Co (BSP:AXPB34) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AXP:USA AXP:Peru AXP:Mexico 1AXP:Italy AEC1d:UK 0R3C:UK AEC1:Germany AEC1:Germany AEC1:Germany AEC1:Germany AXP:Canada AXP:Austria AXP:Argentina

Address

200 Vesey Street, New York, NY, USA, 10285

Website

https://www.americanexpress.com

American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.

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