South Plains Financial (South Plains Financial) Cash-to-Debt : 3.38 (As of Mar. 2024)

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What is South Plains Financial 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. South Plains Financial's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.38.

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

SPFI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.73 Med: 2.41 Max: 4.33
Current: 3.38

During the past 7 years, South Plains Financial's highest Cash to Debt Ratio was 4.33. The lowest was 0.73. And the median was 2.41.

SPFI's Cash-to-Debt is ranked better than
74.7% of 1423 companies
in the Banks industry
Industry Median: 1.3 vs SPFI: 3.38

South Plains Financial Cash-to-Debt Historical Data

The historical data trend for South Plains 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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South Plains Financial Cash-to-Debt Chart

South Plains Financial Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.84

1.53

3.99

1.92

3.00

South Plains Financial Quarterly Data
	Jun19	Sep19	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															2.68	2.41	2.88	3.00	3.38

Competitive Comparison of South Plains Financial's Cash-to-Debt

For the Banks - Regional subindustry, South Plains 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.

South Plains Financial's Cash-to-Debt Distribution in the Banks Industry

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

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

South Plains 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.

South Plains 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)
	=	330.158	/	(0	+	110.168)
	=	3.00

South Plains Financial'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)
	=	371.939	/	(0	+	110.214)
	=	3.37

South Plains Financial (NAS:SPFI) 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.

South Plains Financial Cash-to-Debt Related Terms

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

South Plains Financial (South Plains Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » South Plains Financial Inc (NAS:SPFI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

4S4:Germany

Address

5219 City Bank Parkway, Lubbock, TX, USA, 79407

Website

https://www.spfi.bank

South Plains Financial Inc operates as a bank holding company. The company provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals. The principal business activities include commercial and retail banking, along with insurance, investment, trust, and mortgage services. The company has two reportable segments: banking and insurance.

Executives

Richard D Campbell	director, 10 percent owner	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Curtis C Griffith	director, 10 percent owner, officer: Chairman & CEO	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Noe G Valles	director	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Newsom Cory T	director, officer: President	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Mikella D Newsom	officer: Chief Risk Officer & Secretary	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Kelly L. Deterding	other: President - Windmark Insurance	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Steven B Crockett	officer: CFO and Treasurer	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Kyle R Wargo	director	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Allison Navitskas	director	511 E JOHN CARPENTER FREEWAY, IRVING TX 75062
Cynthia B Keith	director	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Kevin R Bass	officer: Chief Credit Officer	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544