Jiangsu Suzhou Rural Commercial Bank Co (SHSE:603323) Cash-to-Debt : 1.21 (As of Sep. 2024)

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What is Jiangsu Suzhou Rural Commercial Bank Co 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. Jiangsu Suzhou Rural Commercial Bank Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.21.

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, Jiangsu Suzhou Rural Commercial Bank Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Jiangsu Suzhou Rural Commercial Bank Co's Cash-to-Debt or its related term are showing as below:

SHSE:603323' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.71 Med: 1.5 Max: No Debt
Current: 1.21

During the past 13 years, Jiangsu Suzhou Rural Commercial Bank Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.71. And the median was 1.50.

SHSE:603323's Cash-to-Debt is ranked worse than
51.69% of 1507 companies
in the Banks industry
Industry Median: 1.28 vs SHSE:603323: 1.21

Jiangsu Suzhou Rural Commercial Bank Co Cash-to-Debt Historical Data

The historical data trend for Jiangsu Suzhou Rural Commercial Bank Co'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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Jiangsu Suzhou Rural Commercial Bank Co Cash-to-Debt Chart

Jiangsu Suzhou Rural Commercial Bank Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.96

1.52

1.23

1.10

1.03

Jiangsu Suzhou Rural Commercial Bank Co 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															0.96	1.03	0.71	0.97	1.21

Competitive Comparison of Jiangsu Suzhou Rural Commercial Bank Co's Cash-to-Debt

For the Banks - Regional subindustry, Jiangsu Suzhou Rural Commercial Bank Co'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.

Jiangsu Suzhou Rural Commercial Bank Co's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Jiangsu Suzhou Rural Commercial Bank Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jiangsu Suzhou Rural Commercial Bank Co's Cash-to-Debt falls into.

Jiangsu Suzhou Rural Commercial Bank Co 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.

Jiangsu Suzhou Rural Commercial Bank Co'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)
	=	17403.71	/	(0	+	16833.804)
	=	1.03

Jiangsu Suzhou Rural Commercial Bank Co'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)
	=	16131.634	/	(0	+	13387.385)
	=	1.20

Jiangsu Suzhou Rural Commercial Bank Co (SHSE:603323) 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.

Jiangsu Suzhou Rural Commercial Bank Co Cash-to-Debt Related Terms

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Jiangsu Suzhou Rural Commercial Bank Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jiangsu Suzhou Rural Commercial Bank Co Ltd (SHSE:603323) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 1777 Zhongshan South Road, Wujiang District, Jiangsu Province, Suzhou, CHN, 215200

Website

http://www.wjrcb.com

Jiangsu Suzhou Rural Commercial Bank Co Ltd formerly known as Jiangsu Wujiang Rural Commercial Bank Co Ltd is a commercial bank in China. The company's business scope includes absorbing public deposits; issuing short-term, medium-term and long-term loans; handling domestic and international settlement business; bill acceptance and discounting; agency receipt and underwriting government bonds. In addition, the company also engages in interbank lending; provision of safe deposit box services; foreign exchange deposits; sale of foreign exchange and credit investigation.

Executives

Wang Xuan Zhao	Supervisors
Mou Yu Chen	Directors, senior managers
Xu Xiao Jun	Director
Sun Yang	Director
Xu Wei Zhong	senior management
Qiu Ping	senior management
Chen Zhi Ming	Director
Zhu Jiu Jin	Supervisors
Ma Yao Ming	Director
Wang Chun Liang	senior management
Wei Li Ya	Director
Huang Xun	senior management
Pan Ding	Director
Wang Ming Hua	senior management
Yin Xian Zhu	Directors, senior managers

Jiangsu Suzhou Rural Commercial Bank Co Headlines

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