Synovus Financial (Synovus Financial) Cash-to-Debt

: 1.96 (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. Synovus Financial's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.96.

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

SNV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 0.56 Max: 3.44
Current: 1.96

During the past 13 years, Synovus Financial's highest Cash to Debt Ratio was 3.44. The lowest was 0.28. And the median was 0.56.

SNV's Cash-to-Debt is ranked better than
62.13% of 1447 companies
in the Banks industry
Industry Median: 1.23 vs SNV: 1.96

Synovus Financial Cash-to-Debt Historical Data

The historical data trend for Synovus Financial'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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Synovus Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.28

3.44

2.44

1.35

1.96

Synovus Financial 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																1.35	0.62	0.50	0.78	1.96

Competitive Comparison

For the Banks - Regional subindustry, Synovus Financial'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.

Synovus Financial Cash-to-Debt Distribution

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

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

Synovus Financial 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.

Synovus Financial'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)
	=	2414.103	/	(0	+	1232.534)
	=	1.96

Synovus Financial'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)
	=	2414.103	/	(0	+	1232.534)
	=	1.96

Synovus Financial (NYSE:SNV) 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.

Synovus Financial Cash-to-Debt Related Terms

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Synovus Financial (Synovus Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Synovus Financial Corp (NYSE:SNV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SNVpE.PFD:USA SNVpD.PFD:USA SYU1:Germany SYU1:Germany

Address

1111 Bay Avenue, Suite 500, Columbus, GA, USA, 31901

Website

https://www.synovus.com

Synovus Financial Corp provides commercial and consumer banking in addition to a full suite of specialized products & services such as private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, & international banking to clients through the wholly-owned subsidiary bank, Synovus Bank, and other offices in Alabama, Florida, Georgia, South Carolina, and Tennessee. It has four segments Wholesale Banking, Community Banking, Consumer Banking, and Financial Management Services, out of which the majority is from the Wholesale banking segment.

Executives

Allan E Kamensky	officer: EVP and General Counsel	P.O. BOX 120, COLUMBUS GA 31902
Eli Samaha	10 percent owner	ONE WORLD TRADE CENTER, FLOOR 65, NEW YORK NY 10007
Shellie Creson	officer: EVP and Chief Risk Officer	1111 BAY AVENUE, COLUMBUS GA 31901
John H. Irby	director	1111 BAY AVENUE, COLUMBUS GA 31901
Daniel Zachary Bishop	officer: EVP, Tech., Ops., & Sec.	1111 BAY AVENUE, COLUMBUS GA 31901
Kevin S. Blair	officer: President and CEO	1111 BAY AVENUE, SUITE 500, COLUMBUS GA 31901
Diana M Murphy	director	C/O LANDSTAR SYSTEM INC, 13410 SUTTON PARK DR S, JACKSONVILLE FL 32224
Stacy Apter	director	1111 BAY AVENUE, COLUMBUS GA 31901
Thomas T Dierdorff	officer: EVP, Corp. & Inv. Banking	1111 BAY AVENUE, COLUMBUS GA 31901
Alexandra Villoch	director	1111 BAY AVENUE, COLUMBUS GA 31901
Prochaska Joseph J Jr	director	METLIFE, 200 PARK AVENUE, NEW YORK NY 10166
Teresa L White	director	1932 WYNNTON RD, COLUMBUS GA 31999
Gregory Andrew J. Jr.	officer: EVP & Chief Financial Officer	1111 BAY AVENUE, SUITE 500, COLUMBUS GA 31901
Robert Warren Derrick	officer: EVP & Chief Credit Officer	1111 BAY AVENUE, SUITE 500, COLUMBUS GA 31901
Elizabeth D. Wolverton	officer: EVP, Head Con. Bank. Brand Exp	1111 BAY AVENUE, SUITE 500, COLUMBUS GA 31901