Mechanics Bank (Mechanics Bank) Cash-to-Debt : 1.00 (As of Dec. 2022)

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What is Mechanics 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. Mechanics Bank's cash to debt ratio for the quarter that ended in Dec. 2022 was 1.00.

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, Mechanics Bank could pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

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

MCHB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 1 Max: 15.91
Current: 1

During the past 12 years, Mechanics Bank's highest Cash to Debt Ratio was 15.91. The lowest was 0.30. And the median was 1.00.

MCHB's Cash-to-Debt is not ranked
in the Banks industry.
Industry Median: 1.29 vs MCHB: 1.00

Mechanics Bank Cash-to-Debt Historical Data

The historical data trend for Mechanics 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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Mechanics Bank Cash-to-Debt Chart

Mechanics Bank Annual Data

Trend

Dec04

Dec05

Dec06

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.47

11.74

15.05

15.91

1.00

Mechanics Bank Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Cash-to-Debt	Get a 7-Day Free Trial							0.47	11.74	15.05	15.91	1.00

Competitive Comparison of Mechanics Bank's Cash-to-Debt

For the Banks - Regional subindustry, Mechanics 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.

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

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

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

Mechanics 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.

Mechanics Bank's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	331.627	/	(0	+	331.018)
	=	1.00

Mechanics Bank's Cash to Debt Ratio for the quarter that ended in Dec. 2022 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)
	=	331.627	/	(0	+	331.018)
	=	1.00

Mechanics Bank (OTCPK:MCHB) 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.

Mechanics Bank Cash-to-Debt Related Terms

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

Mechanics Bank (Mechanics Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mechanics Bank (OTCPK:MCHB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3170 Hilltop Mall Road, Richmond, CA, USA, 94806

Website

https://www.mechanicsbank.com

Mechanics Bank operates as a community bank in California. The bank provides personal banking, business banking, trust, and estate services, brokerage, and wealth management services. The bank operates a network of retail banking branches, as well as regional commercial lending and wealth management offices throughout the state of California. The bank also engages in indirect automobile lending activities including origination, securitization, and servicing of new and pre-owned retail automobile sales contracts from both franchised and independent automobile dealerships.

Mechanics Bank (Mechanics Bank) Headlines

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