Banco Mercantil do Brasil (BSP:BMEB3) Cash-to-Debt : 3.63 (As of Dec. 2023)

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What is Banco Mercantil do Brasil 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. Banco Mercantil do Brasil's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.63.

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, Banco Mercantil do Brasil 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 Banco Mercantil do Brasil's Cash-to-Debt or its related term are showing as below:

BSP:BMEB3' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.77 Med: 2.83 Max: No Debt
Current: 3.63

During the past 13 years, Banco Mercantil do Brasil's highest Cash to Debt Ratio was No Debt. The lowest was 0.77. And the median was 2.83.

BSP:BMEB3's Cash-to-Debt is ranked better than
75.79% of 1425 companies
in the Banks industry
Industry Median: 1.3 vs BSP:BMEB3: 3.63

Banco Mercantil do Brasil Cash-to-Debt Historical Data

The historical data trend for Banco Mercantil do Brasil'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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Banco Mercantil do Brasil Cash-to-Debt Chart

Banco Mercantil do Brasil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.82

4.08

2.84

3.15

3.63

Banco Mercantil do Brasil Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															3.51	3.15	2.43	2.87	3.63

Competitive Comparison of Banco Mercantil do Brasil's Cash-to-Debt

For the Banks - Regional subindustry, Banco Mercantil do Brasil'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.

Banco Mercantil do Brasil's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banco Mercantil do Brasil's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Banco Mercantil do Brasil's Cash-to-Debt falls into.

Banco Mercantil do Brasil 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.

Banco Mercantil do Brasil'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)
	=	3179.233	/	(0	+	875.245)
	=	3.63

Banco Mercantil do Brasil'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)
	=	3179.233	/	(0	+	875.245)
	=	3.63

Banco Mercantil do Brasil (BSP:BMEB3) 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.

Banco Mercantil do Brasil Cash-to-Debt Related Terms

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

Banco Mercantil do Brasil (BSP:BMEB3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Mercantil do Brasil SA (BSP:BMEB3) » Definitions » Cash-to-Debt

Traded in Other Exchanges

BMEB4:Brazil

Address

R Rio de Janeiro 654, Belo Horizonte,, MG, BRA, 30160912

Website

http://www.mercantildobrasil.com.br

Banco Mercantil do Brasil SA offers commercial banking services. It offers personal and corporate credit cards, lease financing, business financing services, Internet banking, and other financial services. The company offers checking and savings accounts, and time deposits and funds; payroll-deductible loans, personal loans, overdraft facilities, credit cards, and vehicle financing services; private pension, insurance, and capitalization products and services; and collection, payment of taxes and fees to individuals.

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