Ping An Bank Co (SZSE:000001) Cash-to-Debt : 0.80 (As of Mar. 2024)

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What is Ping An Bank 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. Ping An Bank Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.80.

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, Ping An Bank Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SZSE:000001' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.58 Med: 0.9 Max: 4.49
Current: 0.8

During the past 13 years, Ping An Bank Co's highest Cash to Debt Ratio was 4.49. The lowest was 0.58. And the median was 0.90.

SZSE:000001's Cash-to-Debt is ranked worse than
63.31% of 1428 companies
in the Banks industry
Industry Median: 1.29 vs SZSE:000001: 0.80

Ping An Bank Co Cash-to-Debt Historical Data

The historical data trend for Ping An Bank 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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Ping An Bank Co Cash-to-Debt Chart

Ping An Bank Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.86

0.75

0.58

0.71

0.76

Ping An Bank Co 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															0.80	0.75	0.93	0.76	0.80

Competitive Comparison of Ping An Bank Co's Cash-to-Debt

For the Banks - Regional subindustry, Ping An Bank 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.

Ping An Bank Co's Cash-to-Debt Distribution in the Banks Industry

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

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

Ping An Bank 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.

Ping An Bank 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)
	=	598647	/	(0	+	783597)
	=	0.76

Ping An Bank 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)
	=	656220	/	(0	+	823765)
	=	0.80

Ping An Bank Co (SZSE:000001) 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.

Ping An Bank Co Cash-to-Debt Related Terms

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

Ping An Bank Co (SZSE:000001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ping An Bank Co Ltd (SZSE:000001) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

5047 East Shennan Road, Board Office of Ping On Bank, Guangdong, Shenzhen, CHN, 518001

Website

http://www.bank.pingan.com

Ping An Bank is a leading nationwide joint-stock commercial bank with headquarters in Shenzhen. Its parent, Ping An Group, the second-largest insurance company in China, owns about a 58% stake in Ping An Bank. The bank was formerly known as Shenzhen Development Bank and was merged with Ping An Bank in mid-2012. The bank offers a full range of commercial banking services, operating 91 branches and 1,058 outlets in China.

Ping An Bank Co (SZSE:000001) Headlines

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