The South Indian Bank (NSE:SOUTHBANK) Cash-to-Debt : 2.56 (As of Mar. 2024)

View and export this data going back to 1998. Start your Free Trial

What is The South Indian 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. The South Indian Bank's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.56.

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, The South Indian Bank could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

NSE:SOUTHBANK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.91 Med: 1.54 Max: 3.33
Current: 2.56

During the past 13 years, The South Indian Bank's highest Cash to Debt Ratio was 3.33. The lowest was 0.91. And the median was 1.54.

NSE:SOUTHBANK's Cash-to-Debt is ranked better than
68.72% of 1442 companies
in the Banks industry
Industry Median: 1.28 vs NSE:SOUTHBANK: 2.56

The South Indian Bank Cash-to-Debt Historical Data

The historical data trend for The South Indian 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.

* Premium members only.

The South Indian Bank Cash-to-Debt Chart

The South Indian Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

1.25

2.38

3.33

1.42

2.56

The South Indian Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.42	1.21	1.38	1.63	2.56

Competitive Comparison of The South Indian Bank's Cash-to-Debt

For the Banks - Regional subindustry, The South Indian 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.

The South Indian Bank's Cash-to-Debt Distribution in the Banks Industry

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

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

The South Indian 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.

The South Indian 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)
	=	100221.8	/	(0	+	39120.9)
	=	2.56

The South Indian Bank's Cash to Debt Ratio for the quarter 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)
	=	100221.8	/	(0	+	39120.9)
	=	2.56

The South Indian Bank (NSE:SOUTHBANK) 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.

The South Indian Bank Cash-to-Debt Related Terms

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

The South Indian Bank (NSE:SOUTHBANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The South Indian Bank Ltd (NSE:SOUTHBANK) » Definitions » Cash-to-Debt

Traded in Other Exchanges

532218:India

Address

TB Road, SIB House, P.O. Box No. 28, Mission Quarters, Thrissur, KL, IND, 680 001

Website

https://www.southindianbank.com

The South Indian Bank Ltd operates in the Indian banking sector. The company's operating segments include Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. Corporate/Wholesale Banking segment provides loans to corporate segment identified on the basis of RBI guidelines. The Retail Banking segment provides loans to non-corporate customers. Treasury segment constitutes interest earnings on investment portfolios and foreign exchange activities. The Other Banking Operations segment includes income from para-banking activities. It generates maximum revenue from the Retail Banking Banking segment. Geographically, it operates in India.

The South Indian Bank (NSE:SOUTHBANK) Headlines

No Headlines