Abbey Mortgage Bank (NSA:ABBEYBDS) Cash-to-Debt : 3.16 (As of Dec. 2023)

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What is Abbey Mortgage 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. Abbey Mortgage Bank's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.16.

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, Abbey Mortgage Bank 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 Abbey Mortgage Bank's Cash-to-Debt or its related term are showing as below:

NSA:ABBEYBDS' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.7 Med: 4.81 Max: 106.99
Current: 3.16

During the past 8 years, Abbey Mortgage Bank's highest Cash to Debt Ratio was 106.99. The lowest was 2.70. And the median was 4.81.

NSA:ABBEYBDS's Cash-to-Debt is ranked better than
73.26% of 1425 companies
in the Banks industry
Industry Median: 1.29 vs NSA:ABBEYBDS: 3.16

Abbey Mortgage Bank Cash-to-Debt Historical Data

The historical data trend for Abbey Mortgage 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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Abbey Mortgage Bank Cash-to-Debt Chart

Abbey Mortgage Bank Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

6.45

33.41

106.99

90.08

3.16

Abbey Mortgage Bank Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			6.45	33.41	106.99	90.08	3.16

Competitive Comparison of Abbey Mortgage Bank's Cash-to-Debt

For the Banks - Regional subindustry, Abbey Mortgage 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.

Abbey Mortgage Bank's Cash-to-Debt Distribution in the Banks Industry

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

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

Abbey Mortgage 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.

Abbey Mortgage 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)
	=	13534.122	/	(0	+	4289.524)
	=	3.16

Abbey Mortgage Bank'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)
	=	13534.122	/	(0	+	4289.524)
	=	3.16

Abbey Mortgage Bank (NSA:ABBEYBDS) 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.

Abbey Mortgage Bank Cash-to-Debt Related Terms

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

Abbey Mortgage Bank (NSA:ABBEYBDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Abbey Mortgage Bank PLC (NSA:ABBEYBDS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 23, Karimu Kotun Street, Victoria Island, Lagos, NGA

Website

http://www.abbeymortgagebank.com

Abbey Mortgage Bank PLC provides loan, mortgage and banking services to corporate and individual customers. The Bank's operations are geographically divided into two segments based on its operations within the northern and southern Nigeria The company offers a savings account, deposits, fund management services, personal loan, real estate and mortgage services and construction financing, among others.

Abbey Mortgage Bank (NSA:ABBEYBDS) Headlines

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