IFIC Bank (DHA:IFIC) Cash-to-Debt : 1.24 (As of Jun. 2023)

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What is IFIC 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. IFIC Bank's cash to debt ratio for the quarter that ended in Jun. 2023 was 1.24.

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, IFIC Bank could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

DHA:IFIC' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.54 Med: 3.56 Max: 4.52
Current: 2.78

During the past 9 years, IFIC Bank's highest Cash to Debt Ratio was 4.52. The lowest was 2.54. And the median was 3.56.

DHA:IFIC's Cash-to-Debt is ranked better than
70.46% of 1425 companies
in the Banks industry
Industry Median: 1.29 vs DHA:IFIC: 2.78

IFIC Bank Cash-to-Debt Historical Data

The historical data trend for IFIC 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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IFIC Bank Cash-to-Debt Chart

IFIC Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.49

4.52

3.02

2.54

2.78

IFIC Bank Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															3.01	2.54	1.09	1.24	2.78

Competitive Comparison of IFIC Bank's Cash-to-Debt

For the Banks - Regional subindustry, IFIC 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.

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

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

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

IFIC 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.

IFIC 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)
	=	38107.448	/	(0	+	13685.943)
	=	2.78

IFIC Bank's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	35226.061	/	(0	+	28447.514)
	=	1.24

IFIC Bank (DHA:IFIC) 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.

IFIC Bank Cash-to-Debt Related Terms

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

IFIC Bank (DHA:IFIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » IFIC Bank PLC (DHA:IFIC) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

IFIC Tower, 61 Purana Paltan, GPO Box : 2229, Dhaka, BGD, 1000

Website

https://www.ificbank.com.bd

IFIC Bank PLC is a commercial banking company in Bangladesh. The company provides corporate banking, retail banking internet banking, and SME banking. The company is also engaged in Treasury and capital market offering Cash Management, Liquidity Planning, Liquidity Protection, Trading of Foreign Exchange and Money Market Instruments, and Risk Management. Its segments are Corporate; SME; Short term Agri credit; Consumer and Others. It derives interest income from the Conventional banking unit and Off-Shore banking unit.

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