Cathay Financial Holding Co (TPE:2882) Cash-to-Debt : 2.30 (As of Dec. 2023)

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What is Cathay Financial Holding 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. Cathay Financial Holding Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.30.

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, Cathay Financial Holding Co 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 Cathay Financial Holding Co's Cash-to-Debt or its related term are showing as below:

TPE:2882' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.02 Med: 2.82 Max: 4.36
Current: 2.3

During the past 13 years, Cathay Financial Holding Co's highest Cash to Debt Ratio was 4.36. The lowest was 2.02. And the median was 2.82.

TPE:2882's Cash-to-Debt is ranked better than
52.6% of 481 companies
in the Insurance industry
Industry Median: 1.84 vs TPE:2882: 2.30

Cathay Financial Holding Co Cash-to-Debt Historical Data

The historical data trend for Cathay Financial Holding 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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Cathay Financial Holding Co Cash-to-Debt Chart

Cathay Financial Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.79

3.28

3.17

2.85

2.30

Cathay Financial Holding Co 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															2.85	3.28	3.51	2.63	2.30

Competitive Comparison of Cathay Financial Holding Co's Cash-to-Debt

For the Insurance - Life subindustry, Cathay Financial Holding 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.

Cathay Financial Holding Co's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Cathay Financial Holding Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Cathay Financial Holding Co's Cash-to-Debt falls into.

Cathay Financial Holding 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.

Cathay Financial Holding 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)
	=	657600.784	/	(0	+	285488.019)
	=	2.30

Cathay Financial Holding Co'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)
	=	657600.784	/	(0	+	285488.019)
	=	2.30

Cathay Financial Holding Co (TPE:2882) 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.

Cathay Financial Holding Co Cash-to-Debt Related Terms

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

Cathay Financial Holding Co (TPE:2882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Cathay Financial Holding Co Ltd (TPE:2882) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

2882B.PFD:Taiwan 2882A.PFD:Taiwan

Address

No. 296, Section 4, Renai Road, Da'an District, Taipei, TWN, 106

Website

https://www.cathayholdings.com

Cathay Financial Holding Co Ltd is a financial holding company that primarily serves the Taiwan market. The scope of its business is limited by the operation of law to the investment and management of financial services enterprises. The company is a hub for financial services primarily in insurance and banking, and secondarily in asset management. Cathay Financial Holding emphasizes cross-selling and information technology integration in its business model. most of its insurance business, which constitutes approximately half of the company's revenue mix, is related to life insurance. Its banking business, which makes up nearly the other half of its business, is mostly related to consumer and corporate banking.

Cathay Financial Holding Co (TPE:2882) Headlines

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