Westpac Banking (BUE:WBK) Cash-to-Debt : 0.54 (As of Sep. 2023)

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What is Westpac Banking 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. Westpac Banking's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.54.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Westpac Banking couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

BUE:WBK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.16 Max: 0.6
Current: 0.54

During the past 13 years, Westpac Banking's highest Cash to Debt Ratio was 0.60. The lowest was 0.09. And the median was 0.16.

BUE:WBK's Cash-to-Debt is ranked worse than
70.83% of 1440 companies
in the Banks industry
Industry Median: 1.235 vs BUE:WBK: 0.54

Westpac Banking Cash-to-Debt Historical Data

The historical data trend for Westpac Banking'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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Westpac Banking Cash-to-Debt Chart

Westpac Banking Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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0.10

0.18

0.46

0.60

0.54

Westpac Banking Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.46	0.63	0.60	0.66	0.54

Competitive Comparison of Westpac Banking's Cash-to-Debt

For the Banks - Diversified subindustry, Westpac Banking'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.

Westpac Banking's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where Westpac Banking's Cash-to-Debt falls into.

Westpac Banking 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.

Westpac Banking's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	23159673.802	/	(5102388.125	+	37572846.34)
	=	0.54

Westpac Banking's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	23159673.802	/	(5102388.125	+	37572846.34)
	=	0.54

Westpac Banking (BUE:WBK) 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.

Westpac Banking Cash-to-Debt Related Terms

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

Westpac Banking (BUE:WBK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Westpac Banking Corp (BUE:WBK) » Definitions » Cash-to-Debt

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Address

275 Kent Street, Sydney, NSW, AUS, 2000

Website

https://www.westpac.com.au

Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.

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