Co-operative Bank of Kenya (NAI:COOP) Cash-to-Debt : 1.16 (As of Dec. 2023)

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What is Co-operative Bank of Kenya 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. Co-operative Bank of Kenya's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.16.

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, Co-operative Bank of Kenya 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 Co-operative Bank of Kenya's Cash-to-Debt or its related term are showing as below:

NAI:COOP' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.1 Med: 1.38 Max: 2.25
Current: 1.16

During the past 13 years, Co-operative Bank of Kenya's highest Cash to Debt Ratio was 2.25. The lowest was 1.10. And the median was 1.38.

NAI:COOP's Cash-to-Debt is ranked worse than
54% of 1424 companies
in the Banks industry
Industry Median: 1.3 vs NAI:COOP: 1.16

Co-operative Bank of Kenya Cash-to-Debt Historical Data

The historical data trend for Co-operative Bank of Kenya'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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Co-operative Bank of Kenya Cash-to-Debt Chart

Co-operative Bank of Kenya Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.10

1.35

1.29

1.15

1.16

Co-operative Bank of Kenya Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.15	0.94	0.98	0.64	1.16

Competitive Comparison of Co-operative Bank of Kenya's Cash-to-Debt

For the Banks - Regional subindustry, Co-operative Bank of Kenya'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.

Co-operative Bank of Kenya's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where Co-operative Bank of Kenya's Cash-to-Debt falls into.

Co-operative Bank of Kenya 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.

Co-operative Bank of Kenya'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)
	=	60531.748	/	(0	+	52244.521)
	=	1.16

Co-operative Bank of Kenya'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)
	=	60531.748	/	(0	+	52244.521)
	=	1.16

Co-operative Bank of Kenya (NAI:COOP) 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.

Co-operative Bank of Kenya Cash-to-Debt Related Terms

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Co-operative Bank of Kenya (NAI:COOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Co-operative Bank of Kenya Ltd (NAI:COOP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Haile Selassie Avenue, Co-operative Bank House, P.O. Box 48231, L.R. No. 209/4290 (IR No. 27596), Nairobi, KEN, 00100

Website

https://www.co-opbank.co.ke

Co-operative Bank of Kenya Ltd is engaged in corporate banking, retail banking, investment and asset management services in Kenya. The Bank is organized into two main operating segments based on products and services as, Retail Banking which includes loans deposits and other transactions and balances with retail customers, and Wholesale Banking which includes loans deposits and other transactions and balances with corporate and institutional customers. It generates the majority of its revenue from Retail Banking. The group's operations are within the two geographical segments of Kenya and South Sudan.