Global IME Bank (XNEP:GBIME) Cash-to-Debt : 3.55 (As of Jan. 2024)

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What is Global IME Bank 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. Global IME Bank's cash to debt ratio for the quarter that ended in Jan. 2024 was 3.55.

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, Global IME Bank could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

XNEP:GBIME' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.98 Med: 4.84 Max: 38.8
Current: 3.55

During the past 13 years, Global IME Bank's highest Cash to Debt Ratio was 38.80. The lowest was 1.98. And the median was 4.84.

XNEP:GBIME's Cash-to-Debt is ranked better than
74.95% of 1437 companies
in the Banks industry
Industry Median: 1.26 vs XNEP:GBIME: 3.55

Global IME Bank Cash-to-Debt Historical Data

The historical data trend for Global IME Bank'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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Global IME Bank Cash-to-Debt Chart

Global IME Bank Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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4.91

6.47

5.11

2.06

2.53

Global IME Bank 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	Get a 7-Day Free Trial															3.59	2.27	2.53	3.67	3.55

Competitive Comparison of Global IME Bank's Cash-to-Debt

For the Banks - Regional subindustry, Global IME Bank'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.

Global IME Bank's Cash-to-Debt Distribution in the Banks Industry

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

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

Global IME Bank 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.

Global IME Bank's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	49197.768	/	(0	+	19426.228)
	=	2.53

Global IME Bank'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)
	=	57420.553	/	(0	+	16164.203)
	=	3.55

Global IME Bank (XNEP:GBIME) 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.

Global IME Bank Cash-to-Debt Related Terms

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

Global IME Bank (XNEP:GBIME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Global IME Bank Ltd (XNEP:GBIME) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

IME Complex, Panipokhari, P.O. Box: 19327, Kathmandu, NPL

Website

http://www.globalimebank.com

Global IME Bank Ltd operates as a commercial bank in Nepal which provides entire commercial banking services. The bank offers a complete range of banking products in deposits, lending, trade finance, and remittances. Its deposit product portfolio encompasses customer tailored saving deposits, fixed deposits, call and current deposits. The lending product portfolio includes commercial loan products such as demand loans, cash credits, overdrafts, trust receipts, and term loans, whereas a complete portfolio of personal and retail credit products are also provided by the bank. It also provides internet and mobile banking services.

Global IME Bank (XNEP:GBIME) Headlines

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