EQB (TSX:EQB) Cash per Share : C$14.24 (As of Jan. 2024)

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What is EQB Cash per Share?

Cash per Share is calculated as Balance Sheet Cash And Cash Equivalents divided by Shares Outstanding (EOP). EQB's Cash per Share for the quarter that ended in Jan. 2024 was C$14.24.

EQB Cash per Share Historical Data

The historical data trend for EQB'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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EQB Cash per Share Chart

EQB Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash per Share

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20.02

14.42

15.15

16.53

22.70

EQB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Jan24
Cash per Share	Get a 7-Day Free Trial															8.38	13.18	9.17	9.90	14.24

EQB 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.

EQB's Cash per Share for the fiscal year that ended in Dec. 2021 is calculated as:

Cash per Share	=	Balance Sheet Cash And Cash Equivalents	/	Shares Outstanding (EOP)
	=	773.251	/	34.1
	=	22.70

EQB's Cash per Share for the quarter that ended in Jan. 2024 is calculated as:

Cash per Share	=	Balance Sheet Cash And Cash Equivalents	/	Shares Outstanding (EOP)
	=	543.759	/	38.2
	=	14.24

EQB (TSX:EQB) 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.

EQB Cash per Share Related Terms

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EQB (TSX:EQB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » EQB Inc (TSX:EQB) » Definitions » Cash per Share

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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

Andrew Moor

Senior Officer

EQB (TSX:EQB) Headlines

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