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Southside Bancshares (Southside Bancshares) Cash-to-Debt

: 0.58 (As of Dec. 2023)
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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. Southside Bancshares's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.58.

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

SBSI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07   Med: 0.13   Max: 0.58
Current: 0.58

During the past 13 years, Southside Bancshares's highest Cash to Debt Ratio was 0.58. The lowest was 0.07. And the median was 0.13.

SBSI's Cash-to-Debt is ranked worse than
68.83% of 1447 companies
in the Banks industry
Industry Median: 1.23 vs SBSI: 0.58

Southside Bancshares Cash-to-Debt Historical Data

The historical data trend for Southside 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.

* Premium members only.

Southside Bancshares Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 0.10 0.37 0.21 0.58

Southside Bancshares Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.21 0.36 0.20 0.27 0.58

Competitive Comparison

For the Banks - Regional subindustry, Southside 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.


Southside Bancshares Cash-to-Debt Distribution

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

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



Southside 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.

Southside Bancshares's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Southside Bancshares's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

* 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.


Southside Bancshares  (NAS:SBSI) 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.


Southside Bancshares Cash-to-Debt Related Terms

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


Southside Bancshares (Southside Bancshares) Business Description

Traded in Other Exchanges
Address
1201 South Beckham Avenue, Tyler, TX, USA, 75701
Southside Bancshares Inc is a financial institution offering financial services to individuals, businesses, municipal entities, and non-profit organizations. It provides various services such as personal banking, business banking, mortgage, equity lending, wealth management and trust, and brokerage. The bank generates its revenue in the form of interest income, gains on sales of assets, and fee income.
Executives
Brian K Mccabe officer: Secretary & EVP PO BOX 1079, TYLER TX 75710
Sammons John F Jr director 1320 S. UNIVERSITY DRIVE, SUITE 900, FORT WORTH TX 76107
Jared C. Green officer: SVP 1201 S. BECKHAM, TYLER TX 75701
Lee R Gibson director, officer: Executive Vice President SOUTHSIDE BANCSHARES INC, 1201 SOUTH BECKHAM, TYLER TX 75701
Herbert C Buie director
Tony K Morgan director PO BOX 1079, TYLER X1 75710
Cindy Blackstone officer: Chief Retail Officer 1201 S. BECKHAM AVE, TYLER TX 75701
Susan Elaine Anderson director PO BOX 1079, TYLER TX 75710
Keith Donahoe officer: RP CTX 1201 S. BECKHAM, TYLER TX 75701
Donald W Thedford director PO BOX 1079, TYLER TX 75710
Alton L. Frailey director 1201 S. BECKHAM AVE, TYLER TX 75701
William Sheehy director SOUTHSIDE BANCSHARES INC, 1201 SOUTH BECKHAM, TYLER TX 75701
Julie Shamburger officer: Vice President & Controller SOUTHSIDE BANCSHARES INC, 1201 SOUTH BECKHAM, TYLER TX 75701
Emily S Moore officer: HR DIRECTOR PO BOX 1079, TYLER TX 75710
Lawrence Lazelle Anderson director PO BOX 1079, TYLER` TX 75710

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