Attijariwafa Bank (CAS:ATW) Cash-to-Debt : 0.58 (As of Sep. 2023)

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What is Attijariwafa 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. Attijariwafa Bank's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.58.

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, Attijariwafa Bank couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

CAS:ATW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 0.61 Max: 0.85
Current: 0.58

During the past 13 years, Attijariwafa Bank's highest Cash to Debt Ratio was 0.85. The lowest was 0.37. And the median was 0.61.

CAS:ATW's Cash-to-Debt is ranked worse than
70.88% of 1425 companies
in the Banks industry
Industry Median: 1.29 vs CAS:ATW: 0.58

Attijariwafa Bank Cash-to-Debt Historical Data

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

Attijariwafa Bank Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.66

0.68

0.66

0.61

0.60

Attijariwafa Bank Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.53	0.60	0.56	0.77	0.58

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

For the Banks - Regional subindustry, Attijariwafa 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.

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

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

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

Attijariwafa 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.

Attijariwafa 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)
	=	23888.146	/	(0	+	39689.007)
	=	0.60

Attijariwafa Bank's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	20097.228	/	(0	+	34912.936)
	=	0.58

Attijariwafa Bank (CAS:ATW) 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.

Attijariwafa Bank Cash-to-Debt Related Terms

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Attijariwafa Bank (CAS:ATW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Attijariwafa Bank SA (CAS:ATW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2, Boulevard Moulay Youssef, PO Box No. 20000, Casablanca, MAR

Website

http://www.attijariwafabank.com

Attijariwafa Bank SA is a financial and banking group. It is engaged in the provision of banking and insurance products and services. The company's banking activities include personal and professional banking, corporate banking, investment banking and international banking.