ESSA Bancorp (ESSA Bancorp) Cash-to-Debt

: 0.13 (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. ESSA Bancorp's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.13.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, ESSA Bancorp couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ESSA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.12 Max: No Debt
Current: 0.13

During the past 13 years, ESSA Bancorp's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 0.12.

ESSA's Cash-to-Debt is ranked worse than
91.57% of 1447 companies
in the Banks industry
Industry Median: 1.23 vs ESSA: 0.13

ESSA Bancorp Cash-to-Debt Historical Data

The historical data trend for ESSA 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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ESSA Bancorp Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

0.21

1.24

No Debt

0.12

0.23

ESSA Bancorp 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																0.09	0.08	0.24	0.23	0.13

Competitive Comparison

For the Banks - Regional subindustry, ESSA 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.

ESSA Bancorp Cash-to-Debt Distribution

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

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

ESSA 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.

ESSA Bancorp's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	85.402	/	(374.652	+	0)
	=	0.23

ESSA Bancorp'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)
	=	47.18	/	(361.5	+	10)
	=	0.13

ESSA Bancorp (NAS:ESSA) 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.

ESSA Bancorp Cash-to-Debt Related Terms

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

ESSA Bancorp (ESSA Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ESSA Bancorp Inc (NAS:ESSA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Palmer Street, Stroudsburg, PA, USA, 18360

Website

https://www.essabank.com

ESSA Bancorp Inc is a holding company, engaged in accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in residential first mortgage loans (including construction mortgage loans), commercial real estate loans, home equity loans and lines of credit and commercial and industrial loans. The company offers a variety of deposit accounts, including checking, savings and certificates of deposit. The company also offers asset management and trust services and investment services. The company also offers insurance benefit consulting services through its wholly-owned subsidiary, ESSA Advisory Services, LLC.

Executives

Carolyn Stennett	director	200 PALMER STREET, STROUDSBURG PA 18360
Tina Q Richardson	director	200 PALMER STREET, STROUDSBURG PA 18360
Peter A Gray	officer: Dir. of Strategic Initiatives	200 PALMER STREET, STROUDSBURG PA 18360
Selig Robert C Jr	director	200 PALMER STREET, STROUDSBURG PA 18360
Thomas J Grayuski	officer: Vice President	200 PALMER STREET, STROUDSBURG PA 18360
Gary S Olson	director, officer: President and CEO	200 PALMER STREET, STROUDSBURG PA 18360
Charles Hangen	officer: SVP and CLO	200 PALMER STREET, STROUDSBURG PA 18360
Christine Davis Gordon	director	200 PALMER STREET, STROUDSBURG PA 18360
Elizabeth B Weekes	director	200 PALMER STREET, STROUDSBURG PA 18360
Robert L Selitto	officer: Vice President	200 PALMER STREET, STROUDSBURG PA 18360
Daniel J Henning	director	200 PALMER STREET, STROUDSBURG PA 18360
Diane K Reimer	officer: Vice President	200 PALMER STREET, STROUDSBURG PA 18360
Allan A Muto	officer: Executive Vice President & CFO	200 PALMER STREET, STROUDSBURG PA 18360
Joseph S Durkin	director	200 PALMER STREET, STROUDSBURG PA 18360
William A Viechnicki	director	200 PALMER STREET, STROUDSBURG PA 18360