Blue Foundry Bancorp (Blue Foundry Bancorp) Cash-to-Debt : 0.11 (As of Dec. 2023)

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What is Blue Foundry Bancorp 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. Blue Foundry Bancorp's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.11.

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, Blue Foundry Bancorp 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 Blue Foundry Bancorp's Cash-to-Debt or its related term are showing as below:

BLFY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.42 Max: 0.91
Current: 0.11

During the past 5 years, Blue Foundry Bancorp's highest Cash to Debt Ratio was 0.91. The lowest was 0.11. And the median was 0.42.

BLFY's Cash-to-Debt is ranked worse than
93.04% of 1437 companies
in the Banks industry
Industry Median: 1.26 vs BLFY: 0.11

Blue Foundry Bancorp Cash-to-Debt Historical Data

The historical data trend for Blue Foundry Bancorp'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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Blue Foundry Bancorp Cash-to-Debt Chart

Blue Foundry Bancorp Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.42

0.89

0.91

0.12

0.11

Blue Foundry Bancorp Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial												0.12	0.13	0.11	0.12	0.11

Competitive Comparison of Blue Foundry Bancorp's Cash-to-Debt

For the Banks - Regional subindustry, Blue Foundry Bancorp'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.

Blue Foundry Bancorp's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where Blue Foundry Bancorp's Cash-to-Debt falls into.

Blue Foundry Bancorp 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.

Blue Foundry Bancorp'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)
	=	46.025	/	(0	+	424.277)
	=	0.11

Blue Foundry Bancorp'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)
	=	46.025	/	(0	+	424.277)
	=	0.11

Blue Foundry Bancorp (NAS:BLFY) 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.

Blue Foundry Bancorp Cash-to-Debt Related Terms

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

Blue Foundry Bancorp (Blue Foundry Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Blue Foundry Bancorp (NAS:BLFY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Park Avenue, Rutherford, NJ, USA, 07070

Website

https://www.bluefoundrybank.com

Blue Foundry Bancorp is a full-service bank. Its business consists of originating one-to-four-family residential, multi-family, and non-residential real estate mortgages, home equity loans and lines of credit, construction, and commercial and industrial loans. It attracts retail deposits from the general public in the areas surrounding its banking offices, through its borrowers, and through its online presence, offering a wide variety of deposit products. The bank also invests in securities. Its revenues are derived from interest on loans and, to a lesser extent, interest on mortgage-backed and other investment securities. The company's sources of funds are deposits, principal, and interest payments on loans, securities, and borrowings from the Federal Home Loan Bank of New York.

Executives

James Christopher Ely	director	19 PARK AVENUE, RUTHERFORD NJ 07070
Jonathan M. Shaw	director	19 PARK AVENUE, RUTHERFORD NJ 07070
Elizabeth Varki Jobes	director	640 LEE ROAD, CHESTERBROOK PA 19087
Robert Thomas Goldstein	director	19 PARK AVENUE, RUTHERFORD NJ 07070
Kenneth Grimbilas	director	19 PARK AVENUE, RUTHERFORD NJ 07070
Jason M. Goldberg	officer: EVP and Chief Lending Officer	19 PARK AVENUE, RUTHERFORD NJ 07070
James D Nesci	director, officer: President and CEO	830 BERGEN AVENUE, JERSEY CITY NJ 07306
Robert Rowe	officer: EVP and Chief Risk Officer	C/O CIT GROUP INC., ATTN:GENERAL COUNSEL, 1 CIT DRIVE, LIVINGSTON NJ 07039
Patrick H. Kinzler	director	19 PARK AVENUE, RUTHERFORD NJ 07070
Margaret Letsche	director	19 PARK AVENUE, RUTHERFORD NJ 07070
Kelly Pecoraro	officer: EVP and CFO	19 PARK AVENUE, RUTHERFORD NJ 07070
Alexander Agnoletto	officer: Controller and Interim CFO	19 PARK AVENUE, RUTHERFORD NJ 07070
Brent Michael Ciurlino	officer: EVP and CCO	19 PARK AVENUE, RUTHERFORD NJ 07070
Elizabeth Marie Miller	officer: EVP and CRO	19 PARK AVENUE, RUTHERFORD NJ 07070
Aleksander Malkiman	officer: EVP and Chief Tech Officer	19 PARK AVENUE, RUTHERFORD NJ 07070