Bank of Montreal (Bank of Montreal) Cash-to-Debt

: 0.33 (As of Jan. 2024)

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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. Bank of Montreal's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.33.

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, Bank of Montreal couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

BMQZF.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.45 Max: 12.8
Current: 0.33

During the past 13 years, Bank of Montreal's highest Cash to Debt Ratio was 12.80. The lowest was 0.23. And the median was 0.45.

BMQZF.PFD's Cash-to-Debt is ranked worse than
79.63% of 1448 companies
in the Banks industry
Industry Median: 1.235 vs BMQZF.PFD: 0.33

Bank of Montreal Cash-to-Debt Historical Data

The historical data trend for Bank of Montreal'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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Bank of Montreal Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

0.29

0.36

0.54

0.42

0.33

Bank of Montreal Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt																0.44	0.32	0.36	0.33	0.33

Competitive Comparison

For the Banks - Diversified subindustry, Bank of Montreal'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.

Bank of Montreal Cash-to-Debt Distribution

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

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

Bank of Montreal 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.

Bank of Montreal's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	59844.662	/	(79154.026	+	102245.478)
	=	0.33

Bank of Montreal's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	58751.397	/	(76816.658	+	104041.57)
	=	0.32

Bank of Montreal (OTCPK:BMQZF.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.

Bank of Montreal Cash-to-Debt Related Terms

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Bank of Montreal (Bank of Montreal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Montreal (OTCPK:BMQZF.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BMO:USA BZZ:Germany BMO.PR.F.PFD:Canada BMO.PR.E.PFD:Canada BMO.PR.Y.PFD:Canada BMO.PR.W.PFD:Canada BMO.PR.T.PFD:Canada BMO.PR.S.PFD:Canada BMO:Canada

Address

129 rue Saint-Jacques, Montreal, QC, CAN, H2Y 1L6

Website

https://www.bmo.com

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets. The bank's operations are primarily in Canada, with a material portion also in the U.S.