Canadian Banc (TSX:BK) Cash per Share : C$7.23 (As of Nov. 2023)

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What is Canadian Banc Cash per Share?

Cash per Share is calculated as Balance Sheet Cash And Cash Equivalents divided by Shares Outstanding (EOP). Canadian Banc's Cash per Share for the quarter that ended in Nov. 2023 was C$7.23.

Canadian Banc Cash per Share Historical Data

The historical data trend for Canadian Banc's Cash per Share 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.

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Canadian Banc Cash per Share Chart

Canadian Banc Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash per Share

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1.58

0.54

0.52

3.72

7.23

Canadian Banc Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash per Share	Get a 7-Day Free Trial															0.52	2.30	3.72	4.24	7.23

Canadian Banc Cash per Share Calculation

This is the ratio of a company's available cash, including easy to liquidate short-term investment, to its total number of shares outstanding. The result indicates the percentage of a company's share price that is available to spend on company's activities, such as strengthening the business, paying down the debt and making dividend payment to shareholders. It's a reliable indicator of a company's financial health.

Canadian Banc's Cash per Share for the fiscal year that ended in Nov. 2023 is calculated as:

Cash per Share	=	Balance Sheet Cash And Cash Equivalents	/	Shares Outstanding (EOP)
	=	195.881	/	27.09
	=	7.23

Canadian Banc's Cash per Share for the quarter that ended in Nov. 2023 is calculated as:

Cash per Share	=	Balance Sheet Cash And Cash Equivalents	/	Shares Outstanding (EOP)
	=	195.881	/	27.09
	=	7.23

Canadian Banc (TSX:BK) Cash per Share Explanation

Cash per Share represents the liquidity of a compant's assets. A high level of Cash per Share suggests that there's enough money on hand for a company to cover any emergencies and that the company has adequate money to reinvest its business or pay dividends to investors. However, if the ratio is too high, it can also suggeust the inefficiency of management for not making a full usage of the cash.

Canadian Banc Cash per Share Related Terms

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Canadian Banc (TSX:BK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canadian Banc Corp (TSX:BK) » Definitions » Cash per Share

Comparable Companies

Traded in Other Exchanges

CNDCF:USA BK.PR.A.PFD:Canada

Address

200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2

Website

https://www.quadravest.com

Canadian Banc Corp is a Canadian-based company operating in the financial services sector. The Company invests in an actively managed portfolio of common shares comprised of 6 Canadian chartered banks. The Company employs an active covered call writing program to enhance the income earned from the portfolio.