Israel Discount Bank (XTAE:DSCT) Cash-to-Debt : 2.61 (As of Mar. 2024)

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What is Israel Discount 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. Israel Discount Bank's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.61.

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, Israel Discount Bank could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

XTAE:DSCT' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.02 Med: 3.3 Max: 5.3
Current: 2.61

During the past 13 years, Israel Discount Bank's highest Cash to Debt Ratio was 5.30. The lowest was 2.02. And the median was 3.30.

XTAE:DSCT's Cash-to-Debt is ranked better than
68.91% of 1425 companies
in the Banks industry
Industry Median: 1.29 vs XTAE:DSCT: 2.61

Israel Discount Bank Cash-to-Debt Historical Data

The historical data trend for Israel Discount 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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Israel Discount Bank Cash-to-Debt Chart

Israel Discount Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.02

3.92

3.77

4.85

3.07

Israel Discount Bank 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															3.98	3.44	3.55	3.07	2.61

Competitive Comparison of Israel Discount Bank's Cash-to-Debt

For the Banks - Regional subindustry, Israel Discount 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.

Israel Discount Bank's Cash-to-Debt Distribution in the Banks Industry

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

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

Israel Discount 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.

Israel Discount Bank'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)
	=	51212	/	(0	+	16699)
	=	3.07

Israel Discount Bank'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)
	=	46538	/	(0	+	17844)
	=	2.61

Israel Discount Bank (XTAE:DSCT) 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.

Israel Discount Bank Cash-to-Debt Related Terms

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

Israel Discount Bank (XTAE:DSCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Israel Discount Bank Ltd (XTAE:DSCT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ISDAY:USA

Address

23 Yehuda Halevi Street, Tel Aviv, ISR, 65136

Website

https://www.discountbank.net

Israel Discount Bank Ltd and its subsidiaries engage in banking and financial services. The bank is headquartered in Israel and earns the majority of revenue domestically. The bank operates through several segments, organized by customer type. The household division, offers current account services, lending, deposits, credit cards, mortgages, personal loans, and other services to individual customers. The next segment by revenue is the small-business division, which offers business financing, loans, leasing services, foreign currency transactions, and professional services to its business clients.

Israel Discount Bank (XTAE:DSCT) Headlines

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