Unity Bank (NSA:UBP) Cash-to-Debt : 0.28 (As of Dec. 2022)

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What is Unity 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. Unity Bank's cash to debt ratio for the quarter that ended in Dec. 2022 was 0.28.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Unity Bank couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

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

NSA:UBP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 0.37 Max: 1.9
Current: 0.28

During the past 8 years, Unity Bank's highest Cash to Debt Ratio was 1.90. The lowest was 0.26. And the median was 0.37.

NSA:UBP's Cash-to-Debt is ranked worse than
83.37% of 1425 companies
in the Banks industry
Industry Median: 1.3 vs NSA:UBP: 0.28

Unity Bank Cash-to-Debt Historical Data

The historical data trend for Unity 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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Unity Bank Cash-to-Debt Chart

Unity Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.33

0.26

0.62

0.41

0.28

Unity Bank Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Cash-to-Debt	Get a 7-Day Free Trial			0.33	0.26	0.62	0.41	0.28

Competitive Comparison of Unity Bank's Cash-to-Debt

For the Banks - Regional subindustry, Unity 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.

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

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

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

Unity 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.

Unity Bank's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	68849.28	/	(0	+	246792.778)
	=	0.28

Unity Bank's Cash to Debt Ratio for the quarter that ended in Dec. 2022 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)
	=	68849.28	/	(0	+	246792.778)
	=	0.28

Unity Bank (NSA:UBP) 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.

Unity Bank Cash-to-Debt Related Terms

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Unity Bank (NSA:UBP) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot 42, Ahmed Onibudo Street, Victoria Island, Lagos, NGA

Website

http://www.unitybankng.com

Unity Bank PLC provides a range of retail, corporate, treasury and investment banking services in Nigeria. The Bank's offerings include Private banking, Digital Banking, Business banking, custody services, consumer loans & mortgages, structured financing, corporate leasing services among others. It has six Business segments Corporate Banking, Commercial Banking, Personal Banking, Private Banking, SME and Institutional Banking. The Bank operated Two geographical segments in addition to the Head Office which are: North and South Bank, of which it dervies majority revenue from North Bank.