BankFlorida Bancorp (BankFlorida Bancorp) Cash-to-Debt : 2.32 (As of Mar. 2024)

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What is BankFlorida 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. BankFlorida Bancorp's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.32.

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, BankFlorida Bancorp could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for BankFlorida Bancorp's Cash-to-Debt or its related term are showing as below:

BKFL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 1.25 Max: No Debt
Current: 2.32

During the past 3 years, BankFlorida Bancorp's highest Cash to Debt Ratio was No Debt. The lowest was 0.33. And the median was 1.25.

BKFL's Cash-to-Debt is ranked better than
66.06% of 1423 companies
in the Banks industry
Industry Median: 1.3 vs BKFL: 2.32

BankFlorida Bancorp Cash-to-Debt Historical Data

The historical data trend for BankFlorida 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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BankFlorida Bancorp Cash-to-Debt Chart

BankFlorida Bancorp Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

5.46

1.24

BankFlorida Bancorp Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial					0.33	1.14	1.25	1.24	2.32

Competitive Comparison of BankFlorida Bancorp's Cash-to-Debt

For the Banks - Regional subindustry, BankFlorida 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.

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

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

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

BankFlorida 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.

BankFlorida 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)
	=	34.627	/	(0	+	28)
	=	1.24

BankFlorida Bancorp's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	64.855	/	(0	+	28)
	=	2.32

BankFlorida Bancorp (OTCPK:BKFL) 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.

BankFlorida Bancorp Cash-to-Debt Related Terms

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

BankFlorida Bancorp (BankFlorida Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BankFlorida Bancorp Inc (OTCPK:BKFL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

12612 U.S. Highway 301, Dade, FL, USA, 33525

Website

https://www.bankflorida.com

BankFlorida Bancorp Inc serves customers and communities by providing superior banking services. It offers personal, commercial, residential mortgage, wealth solutions and various others services.

BankFlorida Bancorp (BankFlorida Bancorp) Headlines

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