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Credit du Maroc (CAS:CDM) Cash-to-Debt : 0.35 (As of Sep. 2024)


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What is Credit du Maroc 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. Credit du Maroc's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.35.

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, Credit du Maroc 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 Credit du Maroc's Cash-to-Debt or its related term are showing as below:

CAS:CDM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17   Med: 0.4   Max: 1.25
Current: 0.35

During the past 13 years, Credit du Maroc's highest Cash to Debt Ratio was 1.25. The lowest was 0.17. And the median was 0.40.

CAS:CDM's Cash-to-Debt is ranked worse than
81.04% of 1498 companies
in the Banks industry
Industry Median: 1.295 vs CAS:CDM: 0.35

Credit du Maroc Cash-to-Debt Historical Data

The historical data trend for Credit du Maroc'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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Credit du Maroc Cash-to-Debt Chart

Credit du Maroc Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.52 0.83 1.04 0.65

Credit du Maroc Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24 Sep24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.87 0.64 0.36 0.39 0.35

Competitive Comparison of Credit du Maroc's Cash-to-Debt

For the Banks - Regional subindustry, Credit du Maroc'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.


Credit du Maroc's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Credit du Maroc's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Credit du Maroc's Cash-to-Debt falls into.



Credit du Maroc 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.

Credit du Maroc's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Credit du Maroc's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

* 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.


Credit du Maroc  (CAS:CDM) 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.


Credit du Maroc Cash-to-Debt Related Terms

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


Credit du Maroc Business Description

Traded in Other Exchanges
N/A
Address
48-58 Bd. Mohammed V, Casablanca, MAR
Credit du Maroc SA provides banking services. The company provides commercial banking activities and financial. commercial. property-related activities for its customers in Morocco or overseas.

Credit du Maroc Headlines

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