Eastern Bankshares (FRA:EB0) Cash-to-Debt : 10.51 (As of Mar. 2024)

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What is Eastern Bankshares 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. Eastern Bankshares's cash to debt ratio for the quarter that ended in Mar. 2024 was 10.51.

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

FRA:EB0' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 14.37 Max: 79.09
Current: 10.51

During the past 6 years, Eastern Bankshares's highest Cash to Debt Ratio was 79.09. The lowest was 0.23. And the median was 14.37.

FRA:EB0's Cash-to-Debt is ranked better than
87.06% of 1430 companies
in the Banks industry
Industry Median: 1.29 vs FRA:EB0: 10.51

Eastern Bankshares Cash-to-Debt Historical Data

The historical data trend for Eastern Bankshares'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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Eastern Bankshares Cash-to-Debt Chart

Eastern Bankshares Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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10.57

73.23

35.94

0.23

14.37

Eastern Bankshares 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															1.88	2.49	0.85	14.37	10.51

Competitive Comparison of Eastern Bankshares's Cash-to-Debt

For the Banks - Regional subindustry, Eastern Bankshares'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.

Eastern Bankshares's Cash-to-Debt Distribution in the Banks Industry

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

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

Eastern Bankshares 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.

Eastern Bankshares'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)
	=	635.551	/	(0.087	+	44.127)
	=	14.37

Eastern Bankshares'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)
	=	679.897	/	(16.17	+	48.534)
	=	10.51

Eastern Bankshares (FRA:EB0) 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.

Eastern Bankshares Cash-to-Debt Related Terms

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

Eastern Bankshares (FRA:EB0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eastern Bankshares Inc (FRA:EB0) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EBC:USA

Address

265 Franklin Street, Boston, MA, USA, 02110

Website

https://www.easternbank.com

Eastern Bankshares Inc is a commercial bank that caters its products and services to retail, commercial, and small business customers. Its diversified products and services include lending, deposit, wealth management, and insurance products. The company has two operating segments; Banking business offers a range of commercial, retail, wealth management, and banking services, and consists of attracting deposits from the general public and investing those deposits, together with borrowings and funds generated from operations and the Insurance agency business segment consist of insurance-related activities, acting as an independent agent in offering commercial, personal and employee benefits insurance products to individual and commercial clients.

Eastern Bankshares (FRA:EB0) Headlines

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