CFG Bank (CAS:CFG) Cash-to-Debt : 0.16 (As of Jun. 2023)

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What is CFG 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. CFG Bank's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.16.

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

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

CAS:CFG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.17 Max: 0.21
Current: 0.16

During the past 3 years, CFG Bank's highest Cash to Debt Ratio was 0.21. The lowest was 0.07. And the median was 0.17.

CAS:CFG's Cash-to-Debt is ranked worse than
90.25% of 1425 companies
in the Banks industry
Industry Median: 1.29 vs CAS:CFG: 0.16

CFG Bank Cash-to-Debt Historical Data

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

CFG Bank Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

0.18

0.07

0.21

CFG Bank Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	0.18	0.07	N/A	0.21	0.16

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

For the Banks - Diversified subindustry, CFG 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.

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

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

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

CFG 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.

CFG 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)
	=	0.594	/	(0	+	2.8)
	=	0.21

CFG Bank's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.771	/	(0	+	4.848)
	=	0.16

CFG Bank (CAS:CFG) 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.

CFG Bank Cash-to-Debt Related Terms

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CFG Bank (CAS:CFG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

5/7 Rue Ibnou Toufail, Casablanca, MAR

Website

https://www.cfgbank.com

CFG Bank is a financial services company which has organized itself around of the four main business lines of investment banking: corporate finance, stock market, asset management on behalf of third parties, investment capital.