Svenska Handelsbanken AB (Svenska Handelsbanken AB) Cash-to-Debt : 0.36 (As of Mar. 2024)

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What is Svenska Handelsbanken AB 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. Svenska Handelsbanken AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.36.

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, Svenska Handelsbanken AB 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 Svenska Handelsbanken AB's Cash-to-Debt or its related term are showing as below:

SVNLY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.34 Max: 0.49
Current: 0.36

During the past 13 years, Svenska Handelsbanken AB's highest Cash to Debt Ratio was 0.49. The lowest was 0.17. And the median was 0.34.

SVNLY's Cash-to-Debt is ranked worse than
78.67% of 1439 companies
in the Banks industry
Industry Median: 1.25 vs SVNLY: 0.36

Svenska Handelsbanken AB Cash-to-Debt Historical Data

The historical data trend for Svenska Handelsbanken AB'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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Svenska Handelsbanken AB Cash-to-Debt Chart

Svenska Handelsbanken AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.24

0.30

0.20

0.29

0.26

Svenska Handelsbanken AB 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															0.30	0.32	0.31	0.26	0.36

Competitive Comparison of Svenska Handelsbanken AB's Cash-to-Debt

For the Banks - Diversified subindustry, Svenska Handelsbanken AB'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.

Svenska Handelsbanken AB's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where Svenska Handelsbanken AB's Cash-to-Debt falls into.

Svenska Handelsbanken AB 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.

Svenska Handelsbanken AB'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)
	=	47033.712	/	(0	+	180480.327)
	=	0.26

Svenska Handelsbanken AB'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)
	=	56100.199	/	(0	+	157712.678)
	=	0.36

Svenska Handelsbanken AB (OTCPK:SVNLY) 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.

Svenska Handelsbanken AB Cash-to-Debt Related Terms

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

Svenska Handelsbanken AB (Svenska Handelsbanken AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Svenska Handelsbanken AB (OTCPK:SVNLY) » Definitions » Cash-to-Debt

Traded in Other Exchanges

SVNLF:USA SHB B:Sweden SHB A:Sweden SHBA:Mexico SHBAs:UK 0R7R:UK SVHG:Germany

Address

Kungstradgardsgatan 2, Stockholm, SWE, SE-106 70

Website

https://www.handelsbanken.com

Handelsbanken is one of the largest Swedish banks with significant exposure to the Swedish mortgage market; about 44% of total loans are tied to the Swedish real estate market. Outside of Sweden, the bank operates primarily in the U.K. and Netherlands. Handelsbanken generates about three fourths of its income through its interest spread-based business, including mortgages, household loans, and corporate loans to large and small enterprises. The bank increasingly offers asset-management, mutual fund and private banking services to its clients.

Svenska Handelsbanken AB (Svenska Handelsbanken AB) Headlines

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