Southern States Bancshares (Southern States Bancshares) Cash-to-Debt : 0.84 (As of Dec. 2023)

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What is Southern States Bancshares 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. Southern States Bancshares's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.84.

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

SSBK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.84 Med: 1.72 Max: 7.31
Current: 1.03

During the past 5 years, Southern States Bancshares's highest Cash to Debt Ratio was 7.31. The lowest was 0.84. And the median was 1.72.

SSBK's Cash-to-Debt is ranked worse than
56.51% of 1428 companies
in the Banks industry
Industry Median: 1.3 vs SSBK: 1.03

Southern States Bancshares Cash-to-Debt Historical Data

The historical data trend for Southern States Bancshares'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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Southern States Bancshares Cash-to-Debt Chart

Southern States Bancshares Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

7.31

1.72

5.46

0.90

0.84

Southern States Bancshares Quarterly Data
	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													0.89	1.38	0.92	0.84	1.03

Competitive Comparison of Southern States Bancshares's Cash-to-Debt

For the Banks - Regional subindustry, Southern States Bancshares'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.

Southern States Bancshares's Cash-to-Debt Distribution in the Banks Industry

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

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

Southern States Bancshares 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.

Southern States Bancshares'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)
	=	154.556	/	(58	+	125.673)
	=	0.84

Southern States Bancshares'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)
	=	154.556	/	(58	+	125.673)
	=	0.84

Southern States Bancshares (NAS:SSBK) 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.

Southern States Bancshares Cash-to-Debt Related Terms

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

Southern States Bancshares (Southern States Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern States Bancshares Inc (NAS:SSBK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

615 Quintard Avenue, Anniston, AL, USA, 36201

Website

https://www.southernstatesbank.net

Southern States Bancshares Inc is a full service community banking institution, which offers an array of deposit, loan and other banking-related products and services to businesses and individuals in communities.

Executives

Jonathan Hinton	director	615 QUINTARD AVENUE, ANNISTON AL 36201
Christine Hunsaker	director	1333 S CLEARVIEW PARKWAY, JEFFERSON LA 70121
Cynthia S. Mccarty	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Lynn J Joyce	officer: Chief Financial Officer	1630 4TH AVE NORTH, BESSEMER AL 35020
Daniel Andrew Cummings	director	615 QUINTARD AVENUE, ANNISTON AL 36201
Gregory B. Smith	officer: Chief Risk Officer	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Brent O. Hitson	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Smith J. Henry Iv	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Turner Henry A. Jr.	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Brian Stacey Holmes	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Hayes Alfred J. Jr.	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Lewis C. Beavers	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Jimmy A. Lafoy	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Robert T. Davie	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Stephen W. Whatley	director, officer: Chief Executive Officer	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223