Big Banc Split (TSX:BNK) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Big Banc Split 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. Big Banc Split's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Big Banc Split could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

TSX:BNK' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 4 years, Big Banc Split's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSX:BNK's Cash-to-Debt is ranked better than
99.93% of 1451 companies
in the Asset Management industry
Industry Median: 6.06 vs TSX:BNK: No Debt

Big Banc Split Cash-to-Debt Historical Data

The historical data trend for Big Banc Split'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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Big Banc Split Cash-to-Debt Chart

Big Banc Split Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Big Banc Split Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	-	No Debt	No Debt

Competitive Comparison of Big Banc Split's Cash-to-Debt

For the Asset Management subindustry, Big Banc Split'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.

Big Banc Split's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Big Banc Split's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Big Banc Split's Cash-to-Debt falls into.

Big Banc Split 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.

Big Banc Split's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Big Banc Split had no debt ⁽¹⁾.

Big Banc Split's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Big Banc Split had no debt ⁽¹⁾.

Big Banc Split (TSX:BNK) 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.

Big Banc Split Cash-to-Debt Related Terms

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

Big Banc Split (TSX:BNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Big Banc Split Corp (TSX:BNK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BNK.PR.A.PFD:Canada

Address

130 Adelaide Street West, Suite 3100, P.O. Box 109, Toronto, ON, CAN, M5H 3P5

Website

Big Banc Split Corp is a mutual fund corporation. Its investment objectives include providing its holders with regular monthly non-cumulative cash distributions.

Big Banc Split (TSX:BNK) Headlines

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Big Banc Split (TSX:BNK) Cash-to-Debt : No Debt (1) (As of Dec. 2023)