Glarner Kantonalbank (CHIX:GLKBNZ) Cash-to-Debt : 0.51 (As of Jun. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Glarner Kantonalbank 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. Glarner Kantonalbank's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.51.

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, Glarner Kantonalbank couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

CHIX:GLKBNz' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 0.48 Max: 0.68
Current: 0.51

During the past 13 years, Glarner Kantonalbank's highest Cash to Debt Ratio was 0.68. The lowest was 0.26. And the median was 0.48.

CHIX:GLKBNz's Cash-to-Debt is ranked worse than
74.03% of 1498 companies
in the Banks industry
Industry Median: 1.295 vs CHIX:GLKBNz: 0.51

Glarner Kantonalbank Cash-to-Debt Historical Data

The historical data trend for Glarner Kantonalbank'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.

* Premium members only.

Glarner Kantonalbank Cash-to-Debt Chart

Glarner Kantonalbank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.46

0.66

0.65

0.48

0.49

Glarner Kantonalbank Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.68	0.48	0.60	0.49	0.51

Competitive Comparison of Glarner Kantonalbank's Cash-to-Debt

For the Banks - Regional subindustry, Glarner Kantonalbank'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.

Glarner Kantonalbank's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where Glarner Kantonalbank's Cash-to-Debt falls into.

Glarner Kantonalbank 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.

Glarner Kantonalbank'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)
	=	1391.045	/	(0	+	2856.939)
	=	0.49

Glarner Kantonalbank's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	1552.853	/	(0	+	3075.187)
	=	0.50

Glarner Kantonalbank (CHIX:GLKBNz) 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.

Glarner Kantonalbank Cash-to-Debt Related Terms

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

Glarner Kantonalbank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Glarner Kantonalbank (CHIX:GLKBNz) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0QV3:UK GLKBN:Switzerland

Address

Hauptstrasse 21, PO Box 365, Glarus, CHE, 8750

Website

http://www.glkb.ch

Glarner Kantonalbank provides banking and financial services. Its services includes e-banking, private, savings, and investment banking services. It focuses on the mortgage and savings business as well as the asset management and investment business. The Bank provides its services to customers in the Canton of Glarus and in the neighboring economic area.

Glarner Kantonalbank Headlines

No Headlines