NLB Banka a.d. Skopje (XMAE:TNB) Cash-to-Debt : 6.16 (As of Dec. 2024)

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What is NLB Banka a.d. Skopje 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. NLB Banka a.d. Skopje's cash to debt ratio for the quarter that ended in Dec. 2024 was 6.16.

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, NLB Banka a.d. Skopje could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for NLB Banka a.d. Skopje's Cash-to-Debt or its related term are showing as below:

XMAE:TNB' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.43 Med: 4 Max: 6.24
Current: 6.16

During the past 13 years, NLB Banka a.d. Skopje's highest Cash to Debt Ratio was 6.24. The lowest was 2.43. And the median was 4.00.

XMAE:TNB's Cash-to-Debt is ranked better than
81.04% of 1503 companies
in the Banks industry
Industry Median: 1.33 vs XMAE:TNB: 6.16

NLB Banka a.d. Skopje Cash-to-Debt Historical Data

The historical data trend for NLB Banka a.d. Skopje'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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NLB Banka a.d. Skopje Cash-to-Debt Chart

NLB Banka a.d. Skopje Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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6.24

3.94

3.82

4.05

6.16

NLB Banka a.d. Skopje Quarterly Data
	Sep19	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															4.05	4.72	4.28	4.99	6.16

Competitive Comparison of NLB Banka a.d. Skopje's Cash-to-Debt

For the Banks - Regional subindustry, NLB Banka a.d. Skopje'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.

NLB Banka a.d. Skopje's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, NLB Banka a.d. Skopje's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where NLB Banka a.d. Skopje's Cash-to-Debt falls into.

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NLB Banka a.d. Skopje 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.

NLB Banka a.d. Skopje's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	23425.485	/	(0	+	3802.692)
	=	6.16

NLB Banka a.d. Skopje's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	23425.485	/	(0	+	3802.692)
	=	6.16

NLB Banka a.d. Skopje (XMAE:TNB) 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.

NLB Banka a.d. Skopje Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of NLB Banka a.d. Skopje's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

NLB Banka a.d. Skopje Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NLB Banka a.d. Skopje (XMAE:TNB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Majka Tereza No.1, Skopje, MKD, 1000

Website

https://www.nlb.mk

NLB Banka a.d. Skopje is a bank in the Republic of Macedonia. It provides general banking services like accepting deposits, granting loans and advances, foreign exchange, asset management, retail banking services, brokerage services, custody services, and many others. The bank operates in the Republic of Macedonia, EU countries, Non-EU countries in Europe, and other countries.

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