DNB Bank ASA (LTS:0O84) Cash-to-Debt : 0.61 (As of Sep. 2024)

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What is DNB Bank ASA 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. DNB Bank ASA's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.61.

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

LTS:0O84' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.39 Max: 0.83
Current: 0.61

During the past 13 years, DNB Bank ASA's highest Cash to Debt Ratio was 0.83. The lowest was 0.02. And the median was 0.39.

LTS:0O84's Cash-to-Debt is ranked worse than
69.89% of 1498 companies
in the Banks industry
Industry Median: 1.295 vs LTS:0O84: 0.61

DNB Bank ASA Cash-to-Debt Historical Data

The historical data trend for DNB Bank ASA'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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DNB Bank ASA Cash-to-Debt Chart

DNB Bank ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.34

0.38

0.37

0.35

DNB Bank ASA 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															0.71	0.35	0.83	0.60	0.61

Competitive Comparison of DNB Bank ASA's Cash-to-Debt

For the Banks - Regional subindustry, DNB Bank ASA'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.

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

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

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

DNB Bank ASA 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.

DNB Bank ASA'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)
	=	331408	/	(422729	+	529638)
	=	0.35

DNB Bank ASA'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)
	=	590605	/	(421061	+	555679)
	=	0.60

DNB Bank ASA (LTS:0O84) 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.

DNB Bank ASA Cash-to-Debt Related Terms

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

DNB Bank ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » DNB Bank ASA (LTS:0O84) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DNBBY:USA DNBBF:USA DNBo:Sweden DNB:Norway DNBo:UK D1NC:Germany

Address

Dronning Eufemias gate 30, Bjorvika, Oslo, NOR, 0191

Website

https://www.dnb.no

DNB Bank ASA is a Norwegian financial services group. About one fourth of its income derives from its international business, including other parts of Europe, Asia, and the Americas. The group offers a full range of financial services, including loans, savings, advisory services, insurance, and pension products for retail and corporate customers. Just under half of its credit exposure is to personal customers, overwhelmingly in residential mortgages. The other portion of its credit exposure is to large corporations, diversified across an array of industries, most notably oil and gas, shipping, and commercial real estate. The group's strategy emphasizes cost efficiency and customer service.

DNB Bank ASA Headlines

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