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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. Servisfirst Bancshares's cash to debt ratio for the quarter that ended in Dec. 2023 was 31.37.
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, Servisfirst 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 Servisfirst Bancshares's Cash-to-Debt or its related term are showing as below:
During the past 13 years, Servisfirst Bancshares's highest Cash to Debt Ratio was 64.35. The lowest was 3.67. And the median was 11.93.
The historical data trend for Servisfirst 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.
For the Banks - Regional subindustry, Servisfirst 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.
For the Banks industry and Financial Services sector, Servisfirst Bancshares's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Servisfirst Bancshares's Cash-to-Debt falls into.
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.
Servisfirst 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) | |
= | 2030.513 | / | (0 | + | 64.735) | |
= | 31.37 |
Servisfirst 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) | |
= | 2030.513 | / | (0 | + | 64.735) | |
= | 31.37 |
* 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.
Servisfirst Bancshares (NYSE:SFBS) 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.
Thank you for viewing the detailed overview of Servisfirst Bancshares's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
Rodney Eldon Rushing | officer: EVP-Correspondent Banking | 2500 WOODCREST PLACE, BIRMINGHAM AL 35209 |
Kirk Pressley | officer: EVP, Strategic Planning | 2500 WOODCREST PLACE, BIRMINGHAM AL 35209 |
Thomas A Broughton | director, officer: President and CEO | 4229 OLD BROOK TRAIL, BIRMINGHAM AL 35243 |
Irma Loya Tuder | director | 116 CLIFTS COVE, MADISON AL 35758 |
Smith Hatton C.v. | director | 160 CLEAGE DRIVE, BIRMINGHAM AL 35217 |
Elizabeth Bugg Holloway | director | 7 MONTCREST DRIVE, BIRMINGHAM AL 35213 |
James J Filler | director | 2964 SHOOK HILL PARKWAY, BIRMINGHAM AL 35223 |
William M Foshee | officer: EVP & CFO | 5120 STRATFORD ROAD, BIRMINGHAM AL 35242 |
J. Richard Cashio | director | 3200 STERLING ROAD, BIRMINGHAM AL 35213 |
Henry Fulbrook Abbott | officer: SVP, Chief Credit Officer | 2500 WOODCREST PLACE, BIRMINGHAM AL 35209 |
Andrew N Kattos | officer: EVP, Huntsville Pres. of Bank | P. O. BOX 18127, HUNTSVILLE AL 35804 |
G. Carlton Barker | officer: EVP, Montgomery Pres. of Bank | P. O. BOX 4008, MONTGOMERY AL 36104 |
Pouncey Clarence C. Iii | officer: Executive VP and COO | P. O. BOX 1508, BIRMINGHAM AL 35201-1508 |
Morris Buford Harrison Iii | officer: EVP - Regional CEO | 3207 FOXRIDGE ROAD, DOTHAN AL 36303 |
Rex D Mckinney | officer: CEO - ServisFirst Bk Pensacola | SERVISFIRST BANK, 316 S BAYLEN ST, STE 100, PENSACOLA FL 35202 |
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