Town Center Bank IL (Town Center Bank IL) Cash-to-Debt : 0.20 (As of Jun. 2023)

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What is Town Center Bank IL 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. Town Center Bank IL's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.20.

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, Town Center Bank IL couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

TCNB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.48 Med: 2.78 Max: No Debt
Current: 0.94

During the past 11 years, Town Center Bank IL's highest Cash to Debt Ratio was No Debt. The lowest was 0.48. And the median was 2.78.

TCNB's Cash-to-Debt is ranked worse than
58.67% of 1425 companies
in the Banks industry
Industry Median: 1.3 vs TCNB: 0.94

Town Center Bank IL Cash-to-Debt Historical Data

The historical data trend for Town Center Bank IL'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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Town Center Bank IL Cash-to-Debt Chart

Town Center Bank IL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.48

2.27

3.29

43.98

0.94

Town Center Bank IL Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	43.98	No Debt	0.20	0.94

Competitive Comparison of Town Center Bank IL's Cash-to-Debt

For the Banks - Regional subindustry, Town Center Bank IL'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.

Town Center Bank IL's Cash-to-Debt Distribution in the Banks Industry

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

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

Town Center Bank IL 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.

Town Center Bank IL'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)
	=	18.9	/	(0	+	20.03)
	=	0.94

Town Center Bank IL's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	3.526	/	(0	+	17.5)
	=	0.20

Town Center Bank IL (OTCPK:TCNB) 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.

Town Center Bank IL Cash-to-Debt Related Terms

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Town Center Bank IL (Town Center Bank IL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Town Center Bank IL (OTCPK:TCNB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1938 E. Lincoln Highway, Unit 201, New Lenox, IL, USA, 60451

Website

https://www.towncenterbank.com

Town Center Bank IL provides banking products and services to families, businesses, and organizations in Illinois. Its primary deposit products are checking, savings, and term certificate accounts and its primary lending products are residential mortgages, commercial, commercial real estate, construction, land development, and consumer loans. Other financial instruments offered by the bank include loan commitments, credit lines, letters of credit, and overdraft protection.

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