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First Financial Bankshares has the Financial Strength Rank of 6.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.GuruFocus does not calculate First Financial Bankshares's interest coverage with the available data. First Financial Bankshares's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.04. Altman Z-Score does not apply to banks and insurance companies.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
First Financial Bankshares's Interest Expense for the months ended in Mar. 2024 was $-49.3 Mil. Its Operating Income for the months ended in Mar. 2024 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $21.1 Mil.
First Financial Bankshares's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. First Financial Bankshares Inc has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
First Financial Bankshares's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
Debt to Revenue Ratio | = | Total Debt (Q: Mar. 2024 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 21.053) | / | 505.308 | |
= | 0.04 |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* 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.
First Financial Bankshares (NAS:FFIN) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
First Financial Bankshares has the Financial Strength Rank of 6.
Thank you for viewing the detailed overview of First Financial Bankshares's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Michelle S Hickox | officer: EVP/CFO | 1600 REDBUD BOULEVARD, SUITE 400, MCKINNEY TX 75069 |
Nickles Robert Clark Jr | director | 24503 OLD WINDMILL TRAIL, HOCKLEY TX 77447 |
Johnny Trotter | director | 400 PINE STREET, C/O FIRST FINANCIAL BANKSHARES, ABILENE TX 79601 |
Murray Hamilton Edwards | director | 5423 FM 3217, CLYDE TX 79510 |
Michael B. Denny | director | 1202 ELMWOOD DRIVE, ABILENE TX 79605 |
Anthony April Kaye Bullock | director | 3606 PRINCETON AVENUE, DALLAS TX 75205 |
F Scott Dueser | director | 400 PINE ST, ABILENE TX 79601 |
Kade Matthews | director | 400 PINE STREET, C/O FIRST FINANCIAL BANKSHARES, ABILENE TX 79601 |
Eli Jones | director | 200 WEST CONGRESS STREET, LAFAYETTE LA 70501 |
David William Bailey | officer: EVP, Commercial Banking | P.O. BOX 1581, EASTLAND TX 76448 |
David L Copeland | director | PO BOX 2791, ABILENE TX 79604 |
Tucker S Bridwell | director | 400 PINE STE 1000, ABILENE TX 79601 |
James R Gordon | officer: EVP-CFO | 104 SOUTH MAIN STREET, GREENVILLE SC 29601 |
Vianei Lopez Braun | director | 801 CHERRY STREET, SUITE 2000, FT WORTH TX 76102 |
Ronald N Giddiens | director | 5808 PECAN VALLEY, SAN ANGELO TX 76904-9531 |
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