Bank of Ireland Group (LSE:BIRG) Cash-to-Debt : 2.51 (As of Dec. 2023)

View and export this data going back to 1959. Start your Free Trial

What is Bank of Ireland Group 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 Ireland Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.51.

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, Bank of Ireland Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

LSE:BIRG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.36 Med: 0.73 Max: 3.06
Current: 2.51

During the past 13 years, Bank of Ireland Group's highest Cash to Debt Ratio was 3.06. The lowest was 0.36. And the median was 0.73.

LSE:BIRG's Cash-to-Debt is ranked better than
68.2% of 1431 companies
in the Banks industry
Industry Median: 1.3 vs LSE:BIRG: 2.51

Bank of Ireland Group Cash-to-Debt Historical Data

The historical data trend for Bank of Ireland Group'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 Ireland Group Cash-to-Debt Chart

Bank of Ireland Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.80

1.22

1.39

3.06

2.51

Bank of Ireland Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.39	1.68	3.06	2.40	2.51

Competitive Comparison of Bank of Ireland Group's Cash-to-Debt

For the Banks - Regional subindustry, Bank of Ireland Group'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 Ireland Group's Cash-to-Debt Distribution in the Banks Industry

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

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

Bank of Ireland Group 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 Ireland Group'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)
	=	33025	/	(0	+	13149)
	=	2.51

Bank of Ireland Group's Cash to Debt Ratio for the quarter 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)
	=	33025	/	(0	+	13149)
	=	2.51

Bank of Ireland Group (LSE:BIRG) 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 Ireland Group Cash-to-Debt Related Terms

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

Bank of Ireland Group (LSE:BIRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Ireland Group PLC (LSE:BIRG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BKRIY:USA BKRIF:USA BIRG:Mexico BIRG:Ireland BIRGi:UK BIRG:Germany

Address

40 Mespil Road, Dublin, IRL, D04 C2N4

Website

https://www.bankofireland.com

Bank of Ireland Group PLC is an Irish financial services group operating mostly in Ireland and the United Kingdom. Services include mortgages, business, and corporate lending, term loans, leasing, foreign exchange, life assurance, and pension products, among others. The bank's trading divisions include Retail Ireland, Wealth and Insurance, Retail UK, Corporate and Treasury (C&T) and Group Centre. The bank generates the majority of its revenue from Retail Ireland serves consumer and business customers across a broad range of segments and sectors. Revenue is also derived from fees for a range of banking and transaction services. The bank has access to distribution in the United Kingdom via its relationship as a financial services partner with the nation's post office.

Bank of Ireland Group (LSE:BIRG) Headlines

No Headlines