Mashreqbank PSC (DFM:MASQ) Cash-to-Debt : 7.35 (As of Sep. 2024)

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What is Mashreqbank PSC 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. Mashreqbank PSC's cash to debt ratio for the quarter that ended in Sep. 2024 was 7.35.

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, Mashreqbank PSC 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 Mashreqbank PSC's Cash-to-Debt or its related term are showing as below:

DFM:MASQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.41 Med: 6.28 Max: 19.23
Current: 7.35

During the past 13 years, Mashreqbank PSC's highest Cash to Debt Ratio was 19.23. The lowest was 3.41. And the median was 6.28.

DFM:MASQ's Cash-to-Debt is ranked better than
82.11% of 1498 companies
in the Banks industry
Industry Median: 1.295 vs DFM:MASQ: 7.35

Mashreqbank PSC Cash-to-Debt Historical Data

The historical data trend for Mashreqbank PSC'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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Mashreqbank PSC Cash-to-Debt Chart

Mashreqbank PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

4.00

4.81

6.34

4.43

5.93

Mashreqbank PSC 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															9.92	5.93	18.61	19.23	7.35

Competitive Comparison of Mashreqbank PSC's Cash-to-Debt

For the Banks - Regional subindustry, Mashreqbank PSC'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.

Mashreqbank PSC's Cash-to-Debt Distribution in the Banks Industry

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

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

Mashreqbank PSC 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.

Mashreqbank PSC'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)
	=	41760.286	/	(0	+	7042.311)
	=	5.93

Mashreqbank PSC'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)
	=	33484.451	/	(0	+	4554.159)
	=	7.35

Mashreqbank PSC (DFM:MASQ) 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.

Mashreqbank PSC Cash-to-Debt Related Terms

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

Mashreqbank PSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mashreqbank PSC (DFM:MASQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 1250, Dubai, ARE

Website

https://www.mashreqbank.com

Mashreqbank PSC is a banking corporation in the United Emirates, that provides banking and financial services to customers and businesses. The banking firm serves in domestic markets as well as abroad mainly with its commercial and retail banking services such as trade finance, project finance, savings and current accounts, fixed deposits and Mashreq millionaire deposits. The business segments are Wholesale; Retail; Treasury and capital markets; Insurance and other. These activities are carried out through its branches in the United Arab Emirates, Bahrain, Kuwait, Egypt, Hong Kong, India, Pakistan, Qatar, the United Kingdom and the United States of America.

Mashreqbank PSC Headlines

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