Postalvings Bank Of China Co (HKSE:01658) Cash-to-Debt : 10.32 (As of Mar. 2024)

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What is Postalvings Bank Of China Co 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. Postalvings Bank Of China Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 10.32.

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, Postalvings Bank Of China Co 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 Postalvings Bank Of China Co's Cash-to-Debt or its related term are showing as below:

HKSE:01658' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.07 Med: 17.32 Max: 66.31
Current: 10.32

During the past 9 years, Postalvings Bank Of China Co's highest Cash to Debt Ratio was 66.31. The lowest was 4.07. And the median was 17.32.

HKSE:01658's Cash-to-Debt is ranked better than
87.01% of 1424 companies
in the Banks industry
Industry Median: 1.29 vs HKSE:01658: 10.32

Postalvings Bank Of China Co Cash-to-Debt Historical Data

The historical data trend for Postalvings Bank Of China Co'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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Postalvings Bank Of China Co Cash-to-Debt Chart

Postalvings Bank Of China Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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13.79

22.62

17.32

15.55

6.78

Postalvings Bank Of China Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	5.77	4.07	6.78	10.32

Competitive Comparison of Postalvings Bank Of China Co's Cash-to-Debt

For the Banks - Regional subindustry, Postalvings Bank Of China Co'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.

Postalvings Bank Of China Co's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where Postalvings Bank Of China Co's Cash-to-Debt falls into.

Postalvings Bank Of China Co 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.

Postalvings Bank Of China Co'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)
	=	2005925.944	/	(0	+	295764.373)
	=	6.78

Postalvings Bank Of China Co'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)
	=	2018860.856	/	(0	+	195549.472)
	=	10.32

Postalvings Bank Of China Co (HKSE:01658) 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.

Postalvings Bank Of China Co Cash-to-Debt Related Terms

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Postalvings Bank Of China Co (HKSE:01658) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Postal Savings Bank Of China Co Ltd (HKSE:01658) » Definitions » Cash-to-Debt

Traded in Other Exchanges

PSBKF:USA PSTVY:USA 3YB:Germany 601658:China

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wan Chai, Hong Kong, HKG

Website

https://www.psbc.com

Postal Savings Bank of China is headquartered in Beijing. The bank is the fifth-largest commercial bank in China by deposits. The bank was established in 2007 as the postal savings and remittance business of its parent, China Post Group. The bank completed its joint-stock reform in 2012. The bank got listed on Hong Kong and Shanghai stock exchanges in 2016 and 2019 respectively. It boasts over 500 million individual customers and more than 40,000 outlets, which are among the largest customer bases and distribution networks in China.

Postalvings Bank Of China Co (HKSE:01658) Headlines

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