NCB Financial Group (XJAM:NCBFG) Cash-to-Debt : 1.28 (As of Dec. 2023)

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What is NCB Financial Group 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. NCB Financial Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.28.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, NCB Financial Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XJAM:NCBFG' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.07 Med: 1.73 Max: 7.83
Current: 1.28

During the past 13 years, NCB Financial Group's highest Cash to Debt Ratio was 7.83. The lowest was 1.07. And the median was 1.73.

XJAM:NCBFG's Cash-to-Debt is ranked worse than
55.12% of 557 companies
in the Diversified Financial Services industry
Industry Median: 2.43 vs XJAM:NCBFG: 1.28

NCB Financial Group Cash-to-Debt Historical Data

The historical data trend for NCB Financial Group'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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NCB Financial Group Cash-to-Debt Chart

NCB Financial Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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1.42

1.63

1.51

1.37

1.07

NCB Financial Group 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															1.54	1.34	1.19	1.07	1.28

Competitive Comparison of NCB Financial Group's Cash-to-Debt

For the Financial Conglomerates subindustry, NCB Financial Group'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.

NCB Financial Group's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

NCB Financial Group 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.

NCB Financial Group's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	226412.008	/	(0	+	212022.358)
	=	1.07

NCB Financial Group'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)
	=	231696	/	(0	+	180526)
	=	1.28

NCB Financial Group (XJAM:NCBFG) 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.

NCB Financial Group Cash-to-Debt Related Terms

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NCB Financial Group (XJAM:NCBFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » NCB Financial Group Ltd (XJAM:NCBFG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NCBFG:Trinidad and Tobago

Address

32 Trafalgar Road, The Atrium, Kingston, JAM, 10

Website

https://www.myncb.com

NCB Financial Group Ltd provides financial services. It provides many products and services to meet the banking needs of customers, deposit accounts, unsecured and secured loans, credit cards, overdraft lines, foreign exchange, and personal and private banking services are part of the offerings. Its segments comprise Consumer & SME banking; Payment services; Corporate & commercial banking; Treasury & correspondent banking; Wealth, asset management & investment banking; Life and health insurance & pension fund management; and General insurance. The majority of revenue gets derived from the Life and health insurance & pension fund management segment.

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