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China Merchants Bank Co (China Merchants Bank Co) Cash-to-Debt : 2.46 (As of Dec. 2023)


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What is China Merchants Bank Co 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. China Merchants Bank Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.46.

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, China Merchants Bank Co 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 China Merchants Bank Co's Cash-to-Debt or its related term are showing as below:

CIHKY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.97   Med: 1.62   Max: 2.46
Current: 2.46

During the past 13 years, China Merchants Bank Co's highest Cash to Debt Ratio was 2.46. The lowest was 0.97. And the median was 1.62.

CIHKY's Cash-to-Debt is ranked better than
67.43% of 1437 companies
in the Banks industry
Industry Median: 1.26 vs CIHKY: 2.46

China Merchants Bank Co Cash-to-Debt Historical Data

The historical data trend for China Merchants Bank Co'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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China Merchants Bank Co Cash-to-Debt Chart

China Merchants Bank Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.30 1.74 1.34 2.17 2.46

China Merchants Bank Co 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 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 2.17 1.85 1.94 1.93 2.46

Competitive Comparison of China Merchants Bank Co's Cash-to-Debt

For the Banks - Regional subindustry, China Merchants Bank Co'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.


China Merchants Bank Co's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, China Merchants Bank Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Merchants Bank Co's Cash-to-Debt falls into.



China Merchants Bank Co 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.

China Merchants Bank Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

China Merchants Bank Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

* 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.


China Merchants Bank Co  (OTCPK:CIHKY) 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.


China Merchants Bank Co Cash-to-Debt Related Terms

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


China Merchants Bank Co (China Merchants Bank Co) Business Description

Address
No. 7088, Shennan Boulevard, 19 Floor, China Merchants Bank Building, Futian District, Guangdong Province, Shenzhen, CHN, 518040
China Merchants Bank, with headquarters in Shenzhen, was founded in 1987. The bank is China's seventh-largest listed bank by assets, with the largest distribution network among China's joint-stock banks. CMB's network has been expanding rapidly. Its outlets are located mainly in China's more developed areas, including the Pearl River and Yangtze River deltas. The firm has 18% and 82% of its shares listed on the Hong Kong and Shanghai exchanges, respectively. It has no foreign strategic investors. China Merchants Group is its largest shareholder, with a 30% stake. Retail banking, corporate banking and wholesale banking accounted for 57%, 41%, and 2% of total profit before tax, respectively, and 56%, 41%, and 3% of total revenue in 2022.

China Merchants Bank Co (China Merchants Bank Co) Headlines

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