HomeStreet (HomeStreet) Cash-to-Debt : 0.11 (As of Dec. 2023)

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What is HomeStreet 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. HomeStreet's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.11.

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, HomeStreet 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 HomeStreet's Cash-to-Debt or its related term are showing as below:

HMST' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.06 Max: 0.39
Current: 0.14

During the past 13 years, HomeStreet's highest Cash to Debt Ratio was 0.39. The lowest was 0.03. And the median was 0.06.

HMST's Cash-to-Debt is ranked worse than
91.56% of 1422 companies
in the Banks industry
Industry Median: 1.29 vs HMST: 0.14

HomeStreet Cash-to-Debt Historical Data

The historical data trend for HomeStreet'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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HomeStreet Cash-to-Debt Chart

HomeStreet Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.10

0.13

0.39

0.06

0.11

HomeStreet Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.18	0.08	0.11	0.11	0.14

Competitive Comparison of HomeStreet's Cash-to-Debt

For the Banks - Regional subindustry, HomeStreet'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.

HomeStreet's Cash-to-Debt Distribution in the Banks Industry

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

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

HomeStreet 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.

HomeStreet'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)
	=	215.664	/	(1745	+	224.766)
	=	0.11

HomeStreet'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)
	=	215.664	/	(1745	+	224.766)
	=	0.11

HomeStreet (NAS:HMST) 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.

HomeStreet Cash-to-Debt Related Terms

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

HomeStreet (HomeStreet) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » HomeStreet Inc (NAS:HMST) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Union Street, Suite 2000, Seattle, WA, USA, 98101

Website

https://www.homestreet.com

HomeStreet Inc is a commercial bank. It provides commercial and consumer loans including mortgage loans, deposit products, private banking, and cash management services. The company loan products include commercial business loans and agriculture loans, consumer loans, single family residential mortgages, loans secured by commercial real estate and construction loans for residential and commercial real estate projects.

Executives

Diane P Novak	officer: EVP, CHIEF RISK OFFICER	601 UNION ST, SUITE 2000, SEATTLE WA 98101
Sidney Craig Tompkins	director	5995 SEPULVEDA BOULEVARD, SUITE 300, CULVER CITY CA 90230
John Michel	officer: EVP, Chief Financial Officer	18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
David L Parr	officer: EVP, DIR. OF COMM'L BANKING	601 UNION STREET, SUITE 2000, SEATTLE WA 98101
William Endresen	officer: EVP, Comm'l RE (Interim)	601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Scott M Boggs	director
Erik D Hand	officer: EVP, Mortgage Lending Director	601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Mark Robert Patterson	director	602 UNION STREET, SUITE 2000, SEATTLE WA 98101
Troy Harper	officer: EVP & CIO	601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Amen Darrell Van	officer: SVP, Treasurer	601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Douglas Irvine Smith	director	601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Joanne R Harrell	director	601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Jay C Iseman	officer: EVP - Chief Credit Officer	601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Sandra A Cavanaugh	director	601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Godfrey B Evans	officer: EVP - General Counsel	601 UNION STREET, SUITE 2000, SEATTLE WA 98101