Bank of Qingdao Co (FRA:4BQ) Cash-to-Debt : 0.53 (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Bank of Qingdao Co 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. Bank of Qingdao Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.53.

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, Bank of Qingdao Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

FRA:4BQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.56 Max: No Debt
Current: 0.53

During the past 13 years, Bank of Qingdao Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 0.56.

FRA:4BQ's Cash-to-Debt is ranked worse than
72.58% of 1426 companies
in the Banks industry
Industry Median: 1.29 vs FRA:4BQ: 0.53

Bank of Qingdao Co Cash-to-Debt Historical Data

The historical data trend for Bank of Qingdao Co'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.

Bank of Qingdao Co Cash-to-Debt Chart

Bank of Qingdao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.58

0.68

0.65

0.51

0.52

Bank of Qingdao Co Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.60	0.54	0.60	0.52	0.53

Competitive Comparison of Bank of Qingdao Co's Cash-to-Debt

For the Banks - Regional subindustry, Bank of Qingdao Co'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.

Bank of Qingdao Co's Cash-to-Debt Distribution in the Banks Industry

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

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

Bank of Qingdao Co 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.

Bank of Qingdao Co'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)
	=	6045.874	/	(0	+	11536.002)
	=	0.52

Bank of Qingdao Co's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	6285.07	/	(0	+	11782.925)
	=	0.53

Bank of Qingdao Co (FRA:4BQ) 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.

Bank of Qingdao Co Cash-to-Debt Related Terms

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

Bank of Qingdao Co (FRA:4BQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Qingdao Co Ltd (FRA:4BQ) » Definitions » Cash-to-Debt

Traded in Other Exchanges

03866:Hong Kong 002948:China

Address

No. 6 Qinling Road, Building 3, Laoshan District, Shandong Province, Qingdao, CHN, 266061

Website

https://www.qdccb.com

Bank of Qingdao Co Ltd is engaged in the banking business. Its main segments include corporate banking, retail banking, and financial market business. The corporate banking segment offers financial products and services to corporations, government agencies, and financial institutions. The retail banking segments comprise personal loans and deposit services, whereas the financial market business covers inter-bank money market transactions, repurchases transactions, investments in debt securities, and non-standardized debt investments, and others. It generates most of its revenue from the corporate business segment.

Bank of Qingdao Co (FRA:4BQ) Headlines

No Headlines