LankaBangla Finance (DHA:LANKABAFIN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is LankaBangla Finance 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. LankaBangla Finance's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

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, LankaBangla Finance could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

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

DHA:LANKABAFIN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: No Debt Max: No Debt
Current: 0.56

During the past 13 years, LankaBangla Finance's highest Cash to Debt Ratio was No Debt. The lowest was 0.22. And the median was No Debt.

DHA:LANKABAFIN's Cash-to-Debt is ranked better than
61.16% of 502 companies
in the Credit Services industry
Industry Median: 0.215 vs DHA:LANKABAFIN: 0.56

LankaBangla Finance Cash-to-Debt Historical Data

The historical data trend for LankaBangla Finance'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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LankaBangla Finance Cash-to-Debt Chart

LankaBangla Finance Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.64

0.55

0.94

0.79

0.53

LankaBangla Finance Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	0.53	No Debt	No Debt	No Debt

Competitive Comparison of LankaBangla Finance's Cash-to-Debt

For the Credit Services subindustry, LankaBangla Finance'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.

LankaBangla Finance's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, LankaBangla Finance's Cash-to-Debt distribution charts can be found below:

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

LankaBangla Finance 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.

LankaBangla Finance's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	10995.588	/	(0	+	20740.034)
	=	0.53

LankaBangla Finance's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

LankaBangla Finance had no debt ⁽¹⁾.

LankaBangla Finance (DHA:LANKABAFIN) 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.

LankaBangla Finance Cash-to-Debt Related Terms

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

LankaBangla Finance (DHA:LANKABAFIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LankaBangla Finance PLC (DHA:LANKABAFIN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

20, Kemal Ataturk Avenue, Safura Tower (Level 14), Banani, Dhaka, BGD, 1213

Website

https://www.lankabangla.com

LankaBangla Finance PLC is engaged in providing financial services. The company offers corporate financial services, personal financial services, SME financial services, stock broking, corporate advisory and wealth management services. It is a financial institution to operate credit card and provide third-party card processing services to different banks in Bangladesh. The company has four reportable segments being Core Financing Business; Brokerage; Investment Business, and Asset Management Business. It derives majority of its revenues from the Core Financing Business segment.

LankaBangla Finance (DHA:LANKABAFIN) Headlines

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LankaBangla Finance (DHA:LANKABAFIN) Cash-to-Debt : No Debt (1) (As of Sep. 2023)