Access Hldgs (Access Hldgs) Cash-to-Debt : 2.47 (As of Mar. 2024)

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What is Access Hldgs 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. Access Hldgs's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.47.

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

ACSBL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.67 Med: 2.36 Max: 3.39
Current: 2.47

During the past 13 years, Access Hldgs's highest Cash to Debt Ratio was 3.39. The lowest was 0.67. And the median was 2.36.

ACSBL's Cash-to-Debt is ranked better than
67.95% of 1426 companies
in the Banks industry
Industry Median: 1.29 vs ACSBL: 2.47

Access Hldgs Cash-to-Debt Historical Data

The historical data trend for Access Hldgs'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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Access Hldgs Cash-to-Debt Chart

Access Hldgs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.80

2.60

2.37

2.69

2.67

Access Hldgs 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															2.76	2.15	3.39	2.67	2.47

Competitive Comparison of Access Hldgs's Cash-to-Debt

For the Banks - Regional subindustry, Access Hldgs'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.

Access Hldgs's Cash-to-Debt Distribution in the Banks Industry

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

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

Access Hldgs 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.

Access Hldgs'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)
	=	4239.34	/	(0	+	1590.317)
	=	2.67

Access Hldgs'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)
	=	4385.119	/	(0	+	1772.139)
	=	2.47

Access Hldgs (GREY:ACSBL) 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.

Access Hldgs Cash-to-Debt Related Terms

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Access Hldgs (Access Hldgs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Access Hldgs Plc (GREY:ACSBL) » Definitions » Cash-to-Debt

Traded in Other Exchanges

ACCESSCORP:Nigeria

Address

Prince Alaba Abiodun, Oniru Street, 14th Floor, Plot 14/15, Access Towers, Oniru Estate, Victoria Island, Lagos, NGA

Website

https://www.accessbankplc.com

Access Bank PLC is a full-service commercial bank based in Nigeria. It serves primarily through four market segments, namely Retail Banking, Business Banking, Commercial Banking, and Corporate and Investment Banking. The Commercial Banking segment provides commercial banking products and services to the non-institutional clients, medium and small corporate segments of the Nigerian market. Corporate & investment banking provides bespoke comprehensive banking products and a full range of services to multinationals, large domestic corporations, and other institutional clients. Retail banking provides financial products and services to individuals and the private banking segment. It has three geographical segments, which include Nigeria, the Rest of Africa, and Europe.