Katahdin Bankshares (Katahdin Bankshares) Cash-to-Debt : 1.16 (As of Mar. 2024)

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What is Katahdin Bankshares 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. Katahdin Bankshares's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.16.

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, Katahdin Bankshares could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

KTHN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.53 Max: No Debt
Current: 1.16

During the past 13 years, Katahdin Bankshares's highest Cash to Debt Ratio was No Debt. The lowest was 0.14. And the median was 0.53.

KTHN's Cash-to-Debt is ranked worse than
53.29% of 1428 companies
in the Banks industry
Industry Median: 1.3 vs KTHN: 1.16

Katahdin Bankshares Cash-to-Debt Historical Data

The historical data trend for Katahdin Bankshares'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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Katahdin Bankshares Cash-to-Debt Chart

Katahdin Bankshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.29

1.66

2.75

1.33

0.84

Katahdin Bankshares 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															15.11	171.14	No Debt	0.84	1.16

Competitive Comparison of Katahdin Bankshares's Cash-to-Debt

For the Banks - Regional subindustry, Katahdin Bankshares'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.

Katahdin Bankshares's Cash-to-Debt Distribution in the Banks Industry

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

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

Katahdin Bankshares 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.

Katahdin Bankshares'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)
	=	26.529	/	(0	+	31.534)
	=	0.84

Katahdin Bankshares's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	23.273	/	(0	+	20)
	=	1.16

Katahdin Bankshares (OTCPK:KTHN) 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.

Katahdin Bankshares Cash-to-Debt Related Terms

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Katahdin Bankshares (Katahdin Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Katahdin Bankshares Corp (OTCPK:KTHN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Katahdin Lane, P.O. Box 36, Houlton, ME, USA, 04730

Website

https://www.katahdintrust.com

Katahdin Bankshares Corp is a part of the financial services sector. It is a state-chartered commercial bank whose deposits are insured by the Federal Deposit Insurance Corporation. Its primary business is to lend funds and accept deposits from consumers and small businesses in Aroostook and the Portland area. The Bank has full-service branches throughout northern Maine and the greater Bangor and Portland regions. Its key services include personal banking, business banking, and investments.