Third Coast Bancshares (Third Coast Bancshares) Cash-to-Debt : 2.10 (As of Dec. 2023)

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What is Third Coast 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. Third Coast Bancshares's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.10.

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, Third Coast Bancshares could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TCBX' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.1 Med: 3.16 Max: 326.86
Current: 2.52

During the past 5 years, Third Coast Bancshares's highest Cash to Debt Ratio was 326.86. The lowest was 2.10. And the median was 3.16.

TCBX's Cash-to-Debt is ranked better than
68.75% of 1424 companies
in the Banks industry
Industry Median: 1.29 vs TCBX: 2.52

Third Coast Bancshares Cash-to-Debt Historical Data

The historical data trend for Third Coast 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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Third Coast Bancshares Cash-to-Debt Chart

Third Coast Bancshares Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

3.16

5.95

326.86

2.55

2.10

Third Coast Bancshares Quarterly Data
	Dec19	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												2.36	1.83	1.03	2.10	2.52

Competitive Comparison of Third Coast Bancshares's Cash-to-Debt

For the Banks - Regional subindustry, Third Coast 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.

Third Coast Bancshares's Cash-to-Debt Distribution in the Banks Industry

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

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

Third Coast 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.

Third Coast 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)
	=	296.926	/	(38.875	+	102.833)
	=	2.10

Third Coast 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)
	=	296.926	/	(38.875	+	102.833)
	=	2.10

Third Coast Bancshares (NAS:TCBX) 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.

Third Coast Bancshares Cash-to-Debt Related Terms

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

Third Coast Bancshares (Third Coast Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Third Coast Bancshares Inc (NAS:TCBX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

20202 Highway 59 North, Suite 190, Humble, TX, USA, 77338

Website

https://www.tcbssb.com

Third Coast Bancshares Inc is a bank holding company. It focuses on providing commercial banking solutions to small and medium-sized businesses and professionals with operations in its markets. The bank operates eleven branches in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets, and one branch in Detroit, Texas.

Executives

William Bobbora	officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
David R Phelps	director	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Vicki Alexander	officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Richard J Mcwhorter	officer: Chief Financial Officer
Dennis Bonnen	director	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Audrey Duncan	officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Michael Deckert	officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Christopher Seay Peacock	officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Tony Scavuzzo	director	102 E. FRONT ST., MONROE MI 48161
Martin Basaldua	director	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Carolyn Bailey	director	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Bart Caraway	director, officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Joseph Stunja	director	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Shelton Mcdonald	director	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Donald C Legato	officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338