Associated Banc-Corp (Associated Banc-Corp) Cash-to-Debt

: 0.37 (As of Dec. 2023)

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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. Associated Banc-Corp's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.37.

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, Associated Banc-Corp couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASBpC.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.18 Max: 0.54
Current: 0.37

During the past 13 years, Associated Banc-Corp's highest Cash to Debt Ratio was 0.54. The lowest was 0.13. And the median was 0.18.

ASBpC.PFD's Cash-to-Debt is ranked worse than
77.64% of 1440 companies
in the Banks industry
Industry Median: 1.235 vs ASBpC.PFD: 0.37

Associated Banc-Corp Cash-to-Debt Historical Data

The historical data trend for Associated Banc-Corp'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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Associated Banc-Corp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.15

0.32

0.54

0.13

0.37

Associated Banc-Corp 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															0.13	0.15	0.14	0.17	0.37

Competitive Comparison

For the Banks - Regional subindustry, Associated Banc-Corp'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.

Associated Banc-Corp Cash-to-Debt Distribution

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

* The bar in red indicates where Associated Banc-Corp's Cash-to-Debt falls into.

Associated Banc-Corp 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.

Associated Banc-Corp'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)
	=	909.473	/	(740	+	1741.463)
	=	0.37

Associated Banc-Corp'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)
	=	909.473	/	(740	+	1741.463)
	=	0.37

Associated Banc-Corp (NYSE:ASBpC.PFD) 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.

Associated Banc-Corp Cash-to-Debt Related Terms

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Associated Banc-Corp (Associated Banc-Corp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Associated Banc-Corp (NYSE:ASBpC.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ASBpF.PFD:USA ASBpE.PFD:USA ASB:USA

Address

433 Main Street, Green Bay, WI, USA, 54301

Website

https://www.associatedbank.com

Associated Banc-Corp is a bank holding company. The company through its subsidiaries provides a broad array of banking and nonbanking products and services to individuals and businesses. The company operates in three reportable segments; Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. The majority of its revenue is derived from the Corporate and Commercial Specialty and Community, Consumer, and Business segments.