Lumbee Guaranty Bank (Lumbee Guaranty Bank) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Lumbee Guaranty Bank 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. Lumbee Guaranty Bank's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Lumbee Guaranty Bank could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

LUMB' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.79 Med: 320.3 Max: No Debt
Current: 3283

During the past 7 years, Lumbee Guaranty Bank's highest Cash to Debt Ratio was No Debt. The lowest was 1.79. And the median was 320.30.

LUMB's Cash-to-Debt is ranked better than
96.29% of 1428 companies
in the Banks industry
Industry Median: 1.29 vs LUMB: 3283.00

Lumbee Guaranty Bank Cash-to-Debt Historical Data

The historical data trend for Lumbee Guaranty Bank'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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Lumbee Guaranty Bank Cash-to-Debt Chart

Lumbee Guaranty Bank Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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37.62

8.76

517.10

754.57

3,689.58

Lumbee Guaranty Bank 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															966.41	1.79	1,646.33	3,689.58	No Debt

Competitive Comparison of Lumbee Guaranty Bank's Cash-to-Debt

For the Banks - Regional subindustry, Lumbee Guaranty Bank'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.

Lumbee Guaranty Bank's Cash-to-Debt Distribution in the Banks Industry

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

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

Lumbee Guaranty Bank 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.

Lumbee Guaranty Bank'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)
	=	44.275	/	(0	+	0.012)
	=	3,689.58

Lumbee Guaranty Bank's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Lumbee Guaranty Bank had no debt ⁽¹⁾.

Lumbee Guaranty Bank (OTCPK:LUMB) 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.

Lumbee Guaranty Bank Cash-to-Debt Related Terms

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

Lumbee Guaranty Bank (Lumbee Guaranty Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Lumbee Guaranty Bank (OTCPK:LUMB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

403 East Third Street, PO Box 908, Pembroke, NC, USA, 28372

Website

https://www.lumbeeguarantybank.com

Lumbee Guaranty Bank is a state-chartered bank. The bank extends both commercial and consumer loans throughout its market area and offers a wide range of saving, spending, and borrowing products and services. The bank operates through approximately fourteen full-service offices in Robeson, Cumberland, and Hoke Counties.

Lumbee Guaranty Bank (Lumbee Guaranty Bank) Headlines

From GuruFocus

OTC Markets Group Welcomes Lumbee Guaranty Bank to OTCQX

By PRNewswire PRNewswire • 12-04-2019

Lumbee Guaranty Bank (Lumbee Guaranty Bank) Cash-to-Debt : No Debt (1) (As of Mar. 2024)