Aozora Bank (FRA:AON) Cash-to-Debt : 2.01 (As of Dec. 2023)

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What is Aozora Bank 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. Aozora Bank's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.01.

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

FRA:AON' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.59 Med: 0.95 Max: 2.01
Current: 2.01

During the past 13 years, Aozora Bank's highest Cash to Debt Ratio was 2.01. The lowest was 0.59. And the median was 0.95.

FRA:AON's Cash-to-Debt is ranked better than
62.75% of 1439 companies
in the Banks industry
Industry Median: 1.25 vs FRA:AON: 2.01

Aozora Bank Cash-to-Debt Historical Data

The historical data trend for Aozora Bank'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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Aozora Bank Cash-to-Debt Chart

Aozora Bank Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.94

0.64

1.69

1.85

1.87

Aozora Bank 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															1.65	1.87	1.82	1.80	2.01

Competitive Comparison of Aozora Bank's Cash-to-Debt

For the Banks - Regional subindustry, Aozora Bank'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.

Aozora Bank's Cash-to-Debt Distribution in the Banks Industry

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

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

Aozora Bank 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.

Aozora Bank'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)
	=	8909.281	/	(0	+	4775.266)
	=	1.87

Aozora Bank'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)
	=	9791.424	/	(0	+	4869.08)
	=	2.01

Aozora Bank (FRA:AON) 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.

Aozora Bank Cash-to-Debt Related Terms

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

Aozora Bank (FRA:AON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Aozora Bank Ltd (FRA:AON) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AOZOY:USA 8304:Japan AON0:Germany

Address

3-1, Kudan-minami 1-chome, Chiyoda-ku, Tokyo, JPN, 102-8660

Website

http://www.aozorabank.co.jp

Aozora Bank Ltd is a full-service commercial bank with operations primarily in Japan. The bank's activities are divided into six areas of focus, including retail banking, corporate finance, financial institutions, specialty finance, international, and financial markets. Most of its retail banking activities are focused on asset management consulting activities to drive sales of investment products, primarily in investment trusts and structured notes. Corporate finance is mostly focused on providing solutions to small and medium-sized enterprises. Its specialty finance business is mostly focused on real estate and business recovery. Aozora's financial markets business mostly engages in derivatives along with asset and liability management.