Equitable Financial (Equitable Financial) Cash-to-Debt : 0.55 (As of Jun. 2023)

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What is Equitable Financial 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. Equitable Financial's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.55.

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, Equitable Financial couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

EQFN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.55 Med: 0.88 Max: No Debt
Current: 0.55

During the past 12 years, Equitable Financial's highest Cash to Debt Ratio was No Debt. The lowest was 0.55. And the median was 0.88.

EQFN's Cash-to-Debt is ranked worse than
71.53% of 1426 companies
in the Banks industry
Industry Median: 1.3 vs EQFN: 0.55

Equitable Financial Cash-to-Debt Historical Data

The historical data trend for Equitable Financial'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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Equitable Financial Cash-to-Debt Chart

Equitable Financial Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

0.91

0.64

2.50

1.41

0.55

Equitable Financial Semi-Annual Data
	Jun06	Jun07	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial							0.91	0.64	2.50	1.41	0.55

Competitive Comparison of Equitable Financial's Cash-to-Debt

For the Banks - Regional subindustry, Equitable Financial'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.

Equitable Financial's Cash-to-Debt Distribution in the Banks Industry

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

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

Equitable Financial 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.

Equitable Financial's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	8.654	/	(0.685	+	15)
	=	0.55

Equitable Financial's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	8.654	/	(0.685	+	15)
	=	0.55

Equitable Financial (OTCPK:EQFN) 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.

Equitable Financial Cash-to-Debt Related Terms

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

Equitable Financial (Equitable Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Equitable Financial Corp (OTCPK:EQFN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

113 North Locust Street, PO Box 160, Grand Island, NE, USA, 68801

Website

https://www.equitableonline.com

Equitable Financial Corp is a holding company. The bank is engaged in the business of attracting deposits from the public and using those funds to originate commercial loans, agricultural loans, one- to four-family residential real estate loans and Other, these all activities are conducted through its main offices which are Located in Grand Island, North Platte, Omaha and Elkhorn, Nebraska.. The Bank's primary services include accepting deposits, making loans, and investing in securities. It also provides Advisory services and wealth management.

Executives

William B Westering	director	113 N LOCUST ST, GRAND ISLAND NE 68801
Wassinger Benedict P Jr	director	113-115 NORTH LOCUST STREET, GRAND ISLAND NE 68801
Thomas E Gdowski	director, officer: President and CEO	113-115 NORTH LOCUST STREET, GRAND ISLAND NE 68801
Douglas J Nodgaard	officer: Community Bank President	10855 W DODGE RD, STE 110, OMAHA NE 68154
Jack E Rasmussen	director	113-115 NORTH LOCUST STREET, GRAND ISLAND NE 68801
Douglas J Redman	director	113-115 NORTH LOCUST STREET, GRAND ISLAND NE 68801
Pamela L Price	director	113-115 NORTH LOCUST STREET, GRAND ISLAND NE 68801
Gary L Hedman	director	113-115 NORTH LOCUST STREET, GRAND ISLAND NE 68801
Vincent J Dugan	director	113-115 NORTH LOCUST STREET, GRAND ISLAND NE 68801
Darcy M Ray	officer: VP Finance and Controller	113 N LOCUST ST, GRAND ISLAND NE 68801
David Lee Richardson	director, officer: Community Bank President	113 N LOCUST ST, GRAND ISLAND NE 68801
Levi D Fisher	director, officer: Community Bank President	920 S JEFFERS ST, NORTH PLATTE NE 69101

Equitable Financial (Equitable Financial) Headlines

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