Cash Held at Bank refers to the cash of the business held in banks. It is normally made up of cash in local currency accounts as well as foreign accounts. Most large businesses operate multiple local and foreign currency accounts which are normally informed by the regulatory regimes and restrictions in individual countries. In business valuation analysis, cash held at banks are considered part of the current assets portfolio of the business and forms an important component of the debt free cash flow which is discounted to arrive at the enterprise value under the discounted cash flow valuation method. The market value of any outstanding debts, including outstanding mortgages, are deducted from the enterprise value to arrive at the value of equity.