Union Bank of India (BOM:532477) Cash-to-Debt : 2.40 (As of Dec. 2023)

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What is Union Bank of India 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. Union Bank of India's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.40.

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, Union Bank of India could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

BOM:532477' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.62 Med: 1.23 Max: 3.52
Current: 2.4

During the past 13 years, Union Bank of India's highest Cash to Debt Ratio was 3.52. The lowest was 0.62. And the median was 1.23.

BOM:532477's Cash-to-Debt is ranked better than
67.21% of 1424 companies
in the Banks industry
Industry Median: 1.295 vs BOM:532477: 2.40

Union Bank of India Cash-to-Debt Historical Data

The historical data trend for Union Bank of India'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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Union Bank of India Cash-to-Debt Chart

Union Bank of India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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1.22

1.03

2.12

3.02

3.52

Union Bank of India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.50	3.52	3.41	2.09	2.40

Competitive Comparison of Union Bank of India's Cash-to-Debt

For the Banks - Regional subindustry, Union Bank of India'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.

Union Bank of India's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Union Bank of India's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Union Bank of India's Cash-to-Debt falls into.

Union Bank of India 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.

Union Bank of India's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	1125988.641	/	(0	+	320043.449)
	=	3.52

Union Bank of India's Cash to Debt Ratio for the quarter 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)
	=	892704.1	/	(0	+	372604.4)
	=	2.40

Union Bank of India (BOM:532477) 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.

Union Bank of India Cash-to-Debt Related Terms

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

Union Bank of India (BOM:532477) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Union Bank of India (BOM:532477) » Definitions » Cash-to-Debt

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UNIONBANK:India

Address

239, Vidhan Bhavan Marg, Union Bank Bhavan, 12th Floor, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.unionbankofindia.co.in

Union Bank of India is a retail, commercial and investment bank domiciled in India. The bank organizes operations across four main segments: Retail Banking Operations such as deposits and transaction accounts; Corporate and Wholesale Banking including private equity and corporate finance; Treasury Operations; and Other Banking Operations. Retail Banking Operations is the most significant segment, contributing the largest share of the bank's revenue. The bank generates the majority of revenue domestically. The Government of India is the majority shareholder.

Union Bank of India (BOM:532477) Headlines

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