Commonwealth Bank of Australia (Commonwealth Bank of Australia) Cash-to-Debt : 0.52 (As of Dec. 2023)

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What is Commonwealth Bank of Australia 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. Commonwealth Bank of Australia's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.52.

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

CBAUF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.24 Max: 1.02
Current: 0.52

During the past 13 years, Commonwealth Bank of Australia's highest Cash to Debt Ratio was 1.02. The lowest was 0.11. And the median was 0.24.

CBAUF's Cash-to-Debt is ranked worse than
72.01% of 1440 companies
in the Banks industry
Industry Median: 1.245 vs CBAUF: 0.52

Commonwealth Bank of Australia Cash-to-Debt Historical Data

The historical data trend for Commonwealth Bank of Australia'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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Commonwealth Bank of Australia Cash-to-Debt Chart

Commonwealth Bank of Australia Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.11

0.17

0.63

0.79

0.67

Commonwealth Bank of Australia Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.90	0.79	1.02	0.67	0.52

Competitive Comparison of Commonwealth Bank of Australia's Cash-to-Debt

For the Banks - Diversified subindustry, Commonwealth Bank of Australia'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.

Commonwealth Bank of Australia's Cash-to-Debt Distribution in the Banks Industry

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

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

Commonwealth Bank of Australia 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.

Commonwealth Bank of Australia's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	72488.591	/	(0	+	108692.617)
	=	0.67

Commonwealth Bank of Australia'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)
	=	66559.572	/	(0	+	127223.561)
	=	0.52

Commonwealth Bank of Australia (OTCPK:CBAUF) 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.

Commonwealth Bank of Australia Cash-to-Debt Related Terms

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

Commonwealth Bank of Australia (Commonwealth Bank of Australia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Commonwealth Bank of Australia (OTCPK:CBAUF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CMWAY:USA CWW:Germany CBAPK.PFD:Australia CBAPJ.PFD:Australia CBAPI.PFD:Australia CBAPH.PFD:Australia CBAPG.PFD:Australia CBAPD.PFD:Australia CBA:Australia

Address

11 Harbour Street, Commonwealth Bank Place South, Level 1, Sydney, NSW, AUS, 2000

Website

https://www.commbank.com.au

Commonwealth Bank is Australia's largest bank with operations spanning Australia, New Zealand, and Asia. Its core business is the provision of retail, business, and institutional banking services. The bank has emphasized its focus on banking in recent years with a numbers of asset divestments in wealth management and insurance.

Commonwealth Bank of Australia (Commonwealth Bank of Australia) Headlines

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