Suez Canal Bank (CAI:CANA) Cash-to-Debt : 153.22 (As of Sep. 2024)

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What is Suez Canal 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. Suez Canal Bank's cash to debt ratio for the quarter that ended in Sep. 2024 was 153.22.

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, Suez Canal Bank could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

CAI:CANA' s Cash-to-Debt Range Over the Past 10 Years
Min: 9.89 Med: 126.78 Max: No Debt
Current: 153.22

During the past 13 years, Suez Canal Bank's highest Cash to Debt Ratio was No Debt. The lowest was 9.89. And the median was 126.78.

CAI:CANA's Cash-to-Debt is ranked better than
94.2% of 1499 companies
in the Banks industry
Industry Median: 1.29 vs CAI:CANA: 153.22

Suez Canal Bank Cash-to-Debt Historical Data

The historical data trend for Suez Canal 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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Suez Canal Bank Cash-to-Debt Chart

Suez Canal Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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163.87

32.14

636.42

24.85

80.15

Suez Canal Bank 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															68.65	80.15	131.75	147.34	153.22

Competitive Comparison of Suez Canal Bank's Cash-to-Debt

For the Banks - Regional subindustry, Suez Canal 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.

Suez Canal Bank's Cash-to-Debt Distribution in the Banks Industry

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

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

Suez Canal 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.

Suez Canal Bank'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)
	=	41923.467	/	(0	+	523.075)
	=	80.15

Suez Canal 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)
	=	59757.519	/	(0	+	390)
	=	153.22

Suez Canal Bank (CAI:CANA) 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.

Suez Canal Bank Cash-to-Debt Related Terms

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Suez Canal Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Suez Canal Bank (CAI:CANA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 & 9 Abd El-Kader Hamza Street, Garden City, Cairo, EGY

Website

https://www.scbank.com.eg

Suez Canal Bank provides retail, corporate, and investment banking services. The company offers personal banking products and services, including savings, current accounts; time deposits; certificates of deposit; debit and credit cards; and mutual funds. It also provides custodian services comprising bookkeeping services of stocks and bonds, execution of buy/sell orders on behalf of its customers, collecting due coupons on behalf of its customers, subscriptions for new issues, and pledge and freeze of securities. In addition, the company offers institutional banking services to corporate, and small and medium enterprises.

Suez Canal Bank Headlines

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