Axis Bank (LSE:AXB) Cash-to-Debt : 0.40 (As of Sep. 2024)

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What is Axis 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. Axis Bank's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.40.

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

LSE:AXB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 0.48 Max: 1.01
Current: 0.4

During the past 13 years, Axis Bank's highest Cash to Debt Ratio was 1.01. The lowest was 0.28. And the median was 0.48.

LSE:AXB's Cash-to-Debt is ranked worse than
78.65% of 1499 companies
in the Banks industry
Industry Median: 1.29 vs LSE:AXB: 0.40

Axis Bank Cash-to-Debt Historical Data

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

Axis Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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1.01

0.82

0.85

0.70

0.61

Axis Bank 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															0.34	0.41	0.61	0.49	0.40

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

For the Banks - Regional subindustry, Axis 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.

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

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

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

Axis 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.

Axis Bank's Cash to Debt Ratio for the fiscal year 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)
	=	16628.277	/	(0	+	27486.835)
	=	0.60

Axis Bank'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)
	=	10647.839	/	(0	+	26878.479)
	=	0.40

Axis Bank (LSE:AXB) 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.

Axis Bank Cash-to-Debt Related Terms

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Axis Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Axis Bank Ltd (LSE:AXB) » Definitions » Cash-to-Debt

Traded in Other Exchanges

AXISBANK:India 532215:India AXBl:UK AXBA:UK UZC:Germany

Address

Pandurang Budhkar Marg, Axis House, C-2, Wadia International Centre, Worli, Mumbai, MH, IND, 400 025

Website

https://www.axisbank.com

Axis Bank Ltd is a full-service bank operating mostly in India. The bank operates under four segments: treasury, corporate/wholesale banking, retail banking, Digital Banking and other banking. Treasury operations include security investments and derivative trading. Corporate/wholesale banking solutions include mid/large corporate relationships, corporate advisory, project appraisals, and syndication. Retail banking solutions include lending to individual/small businesses, savings accounts, debit and credit cards, ATMs and mobile banking, personal loans. Other banking operations include third-party product distribution and other banking transactions. It derives maximum revenue from Retail Banking.

Axis Bank Headlines

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