Riyad Bank (SAU:1010) Cash-to-Debt : 3.50 (As of Mar. 2024)

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What is Riyad 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. Riyad Bank's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.50.

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

SAU:1010' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.13 Med: 4.56 Max: 9.87
Current: 3.5

During the past 13 years, Riyad Bank's highest Cash to Debt Ratio was 9.87. The lowest was 2.13. And the median was 4.56.

SAU:1010's Cash-to-Debt is ranked better than
75.28% of 1420 companies
in the Banks industry
Industry Median: 1.295 vs SAU:1010: 3.50

Riyad Bank Cash-to-Debt Historical Data

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

Riyad Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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4.44

4.89

4.67

5.81

3.01

Riyad 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															7.34	6.77	2.93	3.01	3.50

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

For the Banks - Regional subindustry, Riyad 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.

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

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

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

Riyad 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.

Riyad 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)
	=	41608.951	/	(0	+	13823.806)
	=	3.01

Riyad 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)
	=	46219.013	/	(0	+	13198.75)
	=	3.50

Riyad Bank (SAU:1010) 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.

Riyad Bank Cash-to-Debt Related Terms

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

Riyad Bank (SAU:1010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Riyad Bank (SAU:1010) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eastern Ring Road, Granada Oasis, A1 Tower, P.O. Box 22622, Al Shuhada District, Riyadh, SAU, 11416

Website

https://www.riyadbank.com

Riyad Bank is a financial institution in Saudi Arabia. The company provides a full range of banking and investment services. It also provides its customer's Islamic banking products, which are approved and supervised by an independent Shariah Board established by the Bank. The company operates in four business segments: Retail Banking, Investment banking and brokerage, Corporate banking, and Treasury and Investments. It generates maximum revenue from the Corporate banking segment. The Corporate banking segment handles corporate customers' current accounts, deposits and provides loans, overdrafts, and other credit facilities.

Riyad Bank (SAU:1010) Headlines

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