Avanza Bank Holding AB (CHIX:AZAS) Cash-to-Debt : 94.27 (As of Mar. 2024)

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What is Avanza Bank Holding AB 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. Avanza Bank Holding AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 94.27.

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, Avanza Bank Holding AB could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Avanza Bank Holding AB's Cash-to-Debt or its related term are showing as below:

CHIX:AZAs' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.47 Med: 26.81 Max: 124.76
Current: 94.27

During the past 13 years, Avanza Bank Holding AB's highest Cash to Debt Ratio was 124.76. The lowest was 2.47. And the median was 26.81.

CHIX:AZAs's Cash-to-Debt is ranked better than
94.58% of 1440 companies
in the Banks industry
Industry Median: 1.245 vs CHIX:AZAs: 94.27

Avanza Bank Holding AB Cash-to-Debt Historical Data

The historical data trend for Avanza Bank Holding AB'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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Avanza Bank Holding AB Cash-to-Debt Chart

Avanza Bank Holding AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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7.20

8.35

24.09

59.22

93.80

Avanza Bank Holding AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															87.33	95.52	124.76	93.80	94.27

Competitive Comparison of Avanza Bank Holding AB's Cash-to-Debt

For the Banks - Regional subindustry, Avanza Bank Holding AB'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.

Avanza Bank Holding AB's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Avanza Bank Holding AB's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Avanza Bank Holding AB's Cash-to-Debt falls into.

Avanza Bank Holding AB 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.

Avanza Bank Holding AB's Cash to Debt Ratio for the fiscal year 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)
	=	8630	/	(0	+	92)
	=	93.80

Avanza Bank Holding AB's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	8296	/	(0	+	88)
	=	94.27

Avanza Bank Holding AB (CHIX:AZAs) 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.

Avanza Bank Holding AB Cash-to-Debt Related Terms

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Avanza Bank Holding AB (CHIX:AZAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Avanza Bank Holding AB (CHIX:AZAs) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AZA:Sweden 0NUK:UK

Address

Regeringsgatan 103, Box 1399, Stockholm, SWE, SE-111 93

Website

https://www.avanza.se

Avanza Bank Holding AB is a digital bank that operates in Sweden and serves primarily private customers. The bank emphasizes its online strategy to drive lower costs for its deposit base based on the law of large numbers. Its cost base is centered on a high percentage of fixed costs, primarily personnel costs. The bank does not charge its customers fixed fees or deposit fees. Income is generated when customers carry out transaction themselves, primarily through brokerage fees from securities trading, net interest income from deposits and lending, fund commissions, foreign exchange income, and other income from suppliers of investment products. Over the long term, income growth depends on the bank's ability to grow savings capital.

Avanza Bank Holding AB (CHIX:AZAS) Headlines

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