Scotia Group Jamaica (XJAM:SGJ) Cash-to-Debt : No Debt ⁽¹⁾ (As of Apr. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Scotia Group Jamaica 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. Scotia Group Jamaica's cash to debt ratio for the quarter that ended in Apr. 2024 was No Debt ⁽¹⁾.

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, Scotia Group Jamaica could pay off its debt using the cash in hand for the quarter that ended in Apr. 2024.

(1) 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.

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

XJAM:SGJ' s Cash-to-Debt Range Over the Past 10 Years
Min: 13.24 Med: No Debt Max: No Debt
Current: 148.26

During the past 13 years, Scotia Group Jamaica's highest Cash to Debt Ratio was No Debt. The lowest was 13.24. And the median was No Debt.

XJAM:SGJ's Cash-to-Debt is ranked better than
95.15% of 1442 companies
in the Banks industry
Industry Median: 1.28 vs XJAM:SGJ: 148.26

Scotia Group Jamaica Cash-to-Debt Historical Data

The historical data trend for Scotia Group Jamaica'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.

Scotia Group Jamaica Cash-to-Debt Chart

Scotia Group Jamaica Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

Get a 7-Day Free Trial

68.64

66.34

111.33

115.18

140.78

Scotia Group Jamaica Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Oct23	Jan24	Apr24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	140.78	No Debt	No Debt

Competitive Comparison of Scotia Group Jamaica's Cash-to-Debt

For the Banks - Regional subindustry, Scotia Group Jamaica'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.

Scotia Group Jamaica's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where Scotia Group Jamaica's Cash-to-Debt falls into.

Scotia Group Jamaica 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.

Scotia Group Jamaica's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	178614.196	/	(0	+	1268.71)
	=	140.78

Scotia Group Jamaica's Cash to Debt Ratio for the quarter that ended in Apr. 2024 is calculated as:

Scotia Group Jamaica had no debt ⁽¹⁾.

Scotia Group Jamaica (XJAM:SGJ) 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.

Scotia Group Jamaica Cash-to-Debt Related Terms

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

Scotia Group Jamaica (XJAM:SGJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Scotia Group Jamaica Ltd (XJAM:SGJ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner Duke and Port Royal Streets, P.O. Box 709, Scotiabank Centre, Kingston, JAM

Website

https://jm.scotiabank.com

Scotia Group Jamaica Ltd is a Jamaican financial holding company. It provides a range of financial services through its subsidiaries to personal, commercial, corporate, and government clients across Jamaica. The company has six business segments: Retail, Corporate and Commercial, Treasury, Investment Management Services, Insurance Services, and Others. It generates maximum revenue from the Retail banking segment. The retail banking segment includes personal banking services, personal deposit accounts, credit and debit cards, consumer loans, mortgages, and microfinance.

Scotia Group Jamaica (XJAM:SGJ) Headlines

No Headlines

Scotia Group Jamaica (XJAM:SGJ) Cash-to-Debt : No Debt (1) (As of Apr. 2024)