Nordea Bank Abp (LTS:0N4T) Cash-to-Debt : 0.23 (As of Mar. 2024)

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What is Nordea Bank Abp 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. Nordea Bank Abp's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.23.

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, Nordea Bank Abp couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

LTS:0N4T' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.3 Max: 0.46
Current: 0.23

During the past 13 years, Nordea Bank Abp's highest Cash to Debt Ratio was 0.46. The lowest was 0.17. And the median was 0.30.

LTS:0N4T's Cash-to-Debt is ranked worse than
85.46% of 1431 companies
in the Banks industry
Industry Median: 1.3 vs LTS:0N4T: 0.23

Nordea Bank Abp Cash-to-Debt Historical Data

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

Nordea Bank Abp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.26

0.22

0.26

0.33

0.28

Nordea Bank Abp 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															0.34	0.31	0.32	0.28	0.23

Competitive Comparison of Nordea Bank Abp's Cash-to-Debt

For the Banks - Regional subindustry, Nordea Bank Abp'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.

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

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

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

Nordea Bank Abp 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.

Nordea Bank Abp'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)
	=	587613.943	/	(0	+	2137104.403)
	=	0.27

Nordea Bank Abp'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)
	=	517543.46	/	(0	+	2217075.018)
	=	0.23

Nordea Bank Abp (LTS:0N4T) 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.

Nordea Bank Abp Cash-to-Debt Related Terms

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

Nordea Bank Abp (LTS:0N4T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nordea Bank Abp (LTS:0N4T) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NBNKF:USA NRDBY:USA NDA SE:Sweden 1NDA:Italy NDAs:UK NDA FI:Finland NDA DK:Denmark 04Q:Germany

Address

Hamnbanegatan 5, Helsinki, FIN, FI-00020

Website

https://www.nordea.com

Nordea is a universal Nordic bank which generates most of its income through vanilla lending products such as mortgages, household loans and corporate loans. The bank is also a leading equity and debt underwriter and issuer specialized in the Nordics, generating roughly one tenth of the group's income. Nordea also offers life and pension, savings and asset management, as well as private banking services to high-net-worth individuals. It operates primarily in Sweden, Denmark, Finland, and Norway.

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