KEY (KeyCorp) Cash-to-Debt : 0.07 (As of Sep. 2024)

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What is KeyCorp 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. KeyCorp's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.07.

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

KEY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.08
Current: 0.07

During the past 13 years, KeyCorp's highest Cash to Debt Ratio was 0.08. The lowest was 0.02. And the median was 0.05.

KEY's Cash-to-Debt is ranked worse than
95.39% of 1498 companies
in the Banks industry
Industry Median: 1.295 vs KEY: 0.07

KeyCorp Cash-to-Debt Historical Data

The historical data trend for KeyCorp'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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KeyCorp Cash-to-Debt Chart

KeyCorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.06

0.08

0.07

0.04

KeyCorp 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															0.03	0.04	0.05	0.06	0.07

Competitive Comparison of KeyCorp's Cash-to-Debt

For the Banks - Regional subindustry, KeyCorp'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.

KeyCorp's Cash-to-Debt Distribution in the Banks Industry

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

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

KeyCorp 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.

KeyCorp'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)
	=	941	/	(3053	+	19554)
	=	0.04

KeyCorp'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)
	=	1276	/	(2359	+	15677)
	=	0.07

KeyCorp (NYSE:KEY) 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.

KeyCorp Cash-to-Debt Related Terms

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

KeyCorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » KeyCorp (NYSE:KEY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KEYpL.PFD:USA KEYpK.PFD:USA KEYpJ.PFD:USA KEYpI.PFD:USA 0JQR:UK KEY:Germany KEY:Germany K1EY34:Brazil KEY:Austria

Address

127 Public Square, Cleveland, OH, USA, 44114-1306

Website

https://www.key.com

With assets of over $180 billion, Ohio-based KeyCorp's bank footprint spans 16 states, but it is predominantly concentrated in its two largest markets: Ohio and New York. KeyCorp is primarily focused on serving middle-market commercial clients through a hybrid community/corporate bank model.

Executives

Paine Andrew J Iii	officer: Head of Institutional Bank	127 PUBLIC SQUARE, CLEVELAND OH 44114
Angela G Mago	officer: Head of Commercial Bank	127 PUBLIC SQUARE, CLEVELAND OH 44114
Carlton L Highsmith	director	C/O NEWALLIANCE BANK, 195 CHURCH STREET, NEW HAVEN CT 06510
Amy G. Brady	officer: Chief Information Officer	127 PUBLIC SQUARE, CLEVELAND OH 44114
Kenneth C Gavrity	officer: Head of Enterprise Payments	127 PUBLIC SQUARE, CLEVELAND OH 44114
Douglas M Schosser	officer: Chief Accounting Officer	127 PUBLIC SQUARE, CLEVELAND OH 44114-1306
Trina M Evans	officer: Director, Corporate Center	127 PUBLIC SQUARE, CLEVELAND OH 44114
Devina A Rankin	director	800 CAPITOL STREET 3000, HOUSTON TX 77002
Richard J Hipple	director	10035 HUNTING DRIVE, BRECKSVILLE OH 44141
Victor B Alexander	officer: Head of Consumer Bank	127 PUBLIC SQUARE, CLEVELAND OH 44114
Gillis Ruth Ann M	director	10 SOUTH DEERBORN STREET, 37TH FLOOR, CHICAGO IL 80603
Allyson M Kidik	officer: Chief Risk Review Officer	127 PUBLIC SQUARE, CLEVELAND OH 44114
Richard J Tobin	director	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Brian L Fishel	officer: Chief Human Resources Officer	127 PUBLIC SQUARE, CLEVELAND OH 44114
Jamie Warder	officer: Head of Digital Banking	127 PUBLIC SQUARE, CLEVELAND OH 44114