United Bank for Africa (NSA:UBA) Cash-to-Debt : 7.01 (As of Dec. 2023)

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What is United Bank for Africa 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. United Bank for Africa's cash to debt ratio for the quarter that ended in Dec. 2023 was 7.01.

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

NSA:UBA' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.75 Med: 3.11 Max: 7.01
Current: 7.01

During the past 13 years, United Bank for Africa's highest Cash to Debt Ratio was 7.01. The lowest was 1.75. And the median was 3.11.

NSA:UBA's Cash-to-Debt is ranked better than
83.54% of 1428 companies
in the Banks industry
Industry Median: 1.29 vs NSA:UBA: 7.01

United Bank for Africa Cash-to-Debt Historical Data

The historical data trend for United Bank for Africa'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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United Bank for Africa Cash-to-Debt Chart

United Bank for Africa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.98

2.97

4.39

4.90

7.01

United Bank for Africa Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															4.90	5.28	5.58	6.27	7.01

Competitive Comparison of United Bank for Africa's Cash-to-Debt

For the Banks - Diversified subindustry, United Bank for Africa'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.

United Bank for Africa's Cash-to-Debt Distribution in the Banks Industry

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

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

United Bank for Africa 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.

United Bank for Africa'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)
	=	6083522	/	(0	+	868424)
	=	7.01

United Bank for Africa'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)
	=	6083522	/	(0	+	868424)
	=	7.01

United Bank for Africa (NSA:UBA) 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.

United Bank for Africa Cash-to-Debt Related Terms

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United Bank for Africa (NSA:UBA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » United Bank for Africa PLC (NSA:UBA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

57 Marina, UBA House, Lagos, NGA

Website

https://www.ubagroup.com

United Bank for Africa PLC is a financial services institution. It offers banking and other financial and pension fund custody services. The geographical segments of the company are Nigeria, the Rest of Africa and the Rest of the world. The business segments of the company are 1) Corporate Banking, which provides financial solutions to multinationals, regional companies, state-owned companies, non-governmental organizations, international and multinational organizations and financial institutions. 2) Retail/ Commercial banking segment products and services to the middle and retail segments of the market. 3) Treasury and Financial Markets segment provide financing and risk management solutions and advisory services to the company's corporate and institutional customers.