Foresight Financial Group (Foresight Financial Group) Cash-to-Debt : 0.17 (As of Dec. 2023)

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What is Foresight Financial Group 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. Foresight Financial Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.17.

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

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

FGFH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.25 Max: 0.51
Current: 0.17

During the past 10 years, Foresight Financial Group's highest Cash to Debt Ratio was 0.51. The lowest was 0.15. And the median was 0.25.

FGFH's Cash-to-Debt is ranked worse than
89.46% of 1423 companies
in the Banks industry
Industry Median: 1.3 vs FGFH: 0.17

Foresight Financial Group Cash-to-Debt Historical Data

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

Foresight Financial Group Annual Data

Trend

Dec04

Dec05

Dec06

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.36

0.51

0.35

0.15

0.17

Foresight Financial Group Semi-Annual Data
	Dec04	Dec05	Dec06	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					0.36	0.51	0.35	0.15	0.17

Competitive Comparison of Foresight Financial Group's Cash-to-Debt

For the Banks - Regional subindustry, Foresight Financial Group'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.

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

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

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

Foresight Financial Group 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.

Foresight Financial Group'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)
	=	47.507	/	(0	+	282.159)
	=	0.17

Foresight Financial Group'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)
	=	47.507	/	(0	+	282.159)
	=	0.17

Foresight Financial Group (OTCPK:FGFH) 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.

Foresight Financial Group Cash-to-Debt Related Terms

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

Foresight Financial Group (Foresight Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Foresight Financial Group (OTCPK:FGFH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

809 Cannell-Puri Court, P.O. Box 339, Suite 5, Winnebago, IL, USA, 61088

Website

https://www.foresightfg.com

Foresight Financial Group is a bank holding company. It is established under the Federal Reserve with offices in the Northern Illinois counties of Winnebago, Stephenson, and Kankakee. Holdings of the company include German American State Bank located in German Valley, Pecatonica, Seward, and Winnebago; State Bank of Davis located in Davis and Kankakee; State Bank located in Freeport; Lena State Bank located in Lena; Northwest Bank located in Rockford, Loves Park, and Machesney Park; and State Bank of Herscher located in Herscher and Kankakee.

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