NorthEast Community Bancorp (FRA:JY4) Cash-to-Debt : 2.07 (As of Mar. 2024)

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What is NorthEast Community 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. NorthEast Community Bancorp's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.07.

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, NorthEast Community 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 NorthEast Community Bancorp's Cash-to-Debt or its related term are showing as below:

FRA:JY4' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.51 Med: 1.9 Max: 7.29
Current: 2.07

During the past 13 years, NorthEast Community Bancorp's highest Cash to Debt Ratio was 7.29. The lowest was 0.51. And the median was 1.90.

FRA:JY4's Cash-to-Debt is ranked better than
62.69% of 1426 companies
in the Banks industry
Industry Median: 1.3 vs FRA:JY4: 2.07

NorthEast Community Bancorp Cash-to-Debt Historical Data

The historical data trend for NorthEast Community 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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NorthEast Community Bancorp Cash-to-Debt Chart

NorthEast Community Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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5.66

2.19

4.90

3.99

0.99

NorthEast Community Bancorp Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															4.60	7.20	1.61	0.99	2.07

Competitive Comparison of NorthEast Community Bancorp's Cash-to-Debt

For the Banks - Regional subindustry, NorthEast Community 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.

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

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

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

NorthEast Community 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.

NorthEast Community 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)
	=	63.063	/	(0	+	63.453)
	=	0.99

NorthEast Community 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)
	=	98.944	/	(0	+	47.911)
	=	2.07

NorthEast Community Bancorp (FRA:JY4) 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.

NorthEast Community Bancorp Cash-to-Debt Related Terms

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

NorthEast Community Bancorp (FRA:JY4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NorthEast Community Bancorp Inc (FRA:JY4) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NECB:USA

Address

325 Hamilton Avenue, White Plains, NY, USA, 10601

Website

https://www.necb.com

NorthEast Community Bancorp Inc operates as a community-oriented financial institution. It is principally engaged in the business of attracting deposits and investing those funds into mortgage and commercial loans. They conduct their activities throughout the Northeastern United States including New York, Massachusetts, New Jersey, and Connecticut. The company offers a comprehensive line of banking products and services, including mobile banking as well as commercial real estate loans, commercial construction financing, lines of credit, and term loans. It also offers investment advisory and financial planning services.

NorthEast Community Bancorp (FRA:JY4) Headlines

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