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Australia and New Zealand Banking Group Ltd  (OTCPK:ANZBY) Cash-to-Debt: 0.44 (As of Mar. 2017)

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. Australia and New Zealand Banking Group Ltd's cash to debt ratio for the quarter that ended in Mar. 2017 was 0.44.

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, Australia and New Zealand Banking Group Ltd couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2017.

OTCPK:ANZBY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07   Max: 1.05
Current: 0.44

0.07
1.05

During the past 13 years, Australia and New Zealand Banking Group Ltd's highest Cash to Debt Ratio was 1.05. The lowest was 0.07. And the median was 0.28.

OTCPK:ANZBY's Cash-to-Debt is ranked lower than
77% of the 1639 Companies
in the Global industry.

( Industry Median: 2.05 vs. OTCPK:ANZBY: 0.44 )

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Australia and New Zealand Banking Group Ltd Annual Data

Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.40 0.43 0.81 1.05 0.26

Australia and New Zealand Banking Group Ltd Semi-Annual Data

Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 1.05 0.40 0.26 0.44

Competitive Comparison
* 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.


Calculation

This is the ratio of a company's Cash and cash equivalents to its debt. The debt includes the Current Portion of Long-Term Debt and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Australia and New Zealand Banking Group Ltd's Cash to Debt Ratio for the fiscal year that ended in Sep. 2016 is calculated as:

Cash to Debt Ratio= Cash and cash equivalents / Total Debt
= Cash and cash equivalents / (Current Portion of Long-Term Debt + Long-Term Debt & Capital Lease Obligation)
=22605.1632498 / (70920.2733485 + 16677.2968869)
=0.26

Australia and New Zealand Banking Group Ltd's Cash to Debt Ratio for the quarter that ended in Mar. 2017 is calculated as:

Cash to Debt Ratio= Cash and cash equivalents / Total Debt
= Cash and cash equivalents / (Current Portion of Long-Term Debt + Long-Term Debt & Capital Lease Obligation)
=61180.6402439 / (129743.902439 + 9144.05487805)
=0.44

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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.


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