EQB (TSX:EQB) Cash-to-Debt : 0.03 (As of Apr. 2025)

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What is EQB 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. EQB's cash to debt ratio for the quarter that ended in Apr. 2025 was 0.03.

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, EQB couldn't pay off its debt using the cash in hand for the quarter that ended in Apr. 2025.

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

TSX:EQB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.12
Current: 0.03

During the past 13 years, EQB's highest Cash to Debt Ratio was 0.12. The lowest was 0.02. And the median was 0.05.

TSX:EQB's Cash-to-Debt is ranked worse than
97.56% of 1558 companies
in the Banks industry
Industry Median: 1.515 vs TSX:EQB: 0.03

EQB Cash-to-Debt Historical Data

The historical data trend for EQB'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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EQB Cash-to-Debt Chart

EQB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Oct24

Cash-to-Debt

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0.05

0.04

0.06

0.03

EQB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25
Cash-to-Debt	Get a 7-Day Free Trial															0.03	0.03	0.03	0.04	0.03

Competitive Comparison of EQB's Cash-to-Debt

For the Banks - Regional subindustry, EQB'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.

EQB's Cash-to-Debt Distribution in the Banks Industry

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

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

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EQB 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.

EQB's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	591.641	/	(946.956	+	18324.769)
	=	0.03

EQB's Cash to Debt Ratio for the quarter that ended in Apr. 2025 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)
	=	500.747	/	(1410.37	+	17675.443)
	=	0.03

EQB (TSX:EQB) 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.

EQB Cash-to-Debt Related Terms

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

EQB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » EQB Inc (TSX:EQB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EQGPF:USA

Address

30 St. Clair Avenue West, Suite 700, Toronto, ON, CAN, M4V 3A1

Website

https://www.eqbank.ca

EQB Inc operates through its wholly owned subsidiary, Equitable Bank, Canada's Challenger BankTM. It serves Canadians through two business lines, Personal Banking and Business Banking. The company differentiates by providing a host of challenger bank deposit services, alternative single-family lending, reverse mortgage lending, insurance lending, Specialized finance, Commercial finance group, Equipment financing, credit union services and trust services.

Executives

Smith Financial Corporation	10% Security Holder
Stephen Smith	10% Security Holder
Andrew Moor	Senior Officer
Katherine Ruta	Senior Officer
Chadwick Westlake	Senior Officer
Timothy Paul Charron	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Daniel Broten	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Michael Paul Mignardi	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Darren Lorimer	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Isabelle Farella	Senior Officer
Mahima Poddar	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Michael Stramaglia	Director
David Wilkes	Senior Officer
Yongah Kim	Director
Oakwest Corporation Limited	10% Security Holder

EQB Headlines

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