First Bancshares (First Bancshares) Cash-to-Debt : 2.70 (As of Dec. 2023)

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What is First Bancshares 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. First Bancshares's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.70.

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, First Bancshares could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

FBMS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 0.81 Max: 6.09
Current: 2.7

During the past 13 years, First Bancshares's highest Cash to Debt Ratio was 6.09. The lowest was 0.37. And the median was 0.81.

FBMS's Cash-to-Debt is ranked better than
69.51% of 1440 companies
in the Banks industry
Industry Median: 1.245 vs FBMS: 2.70

First Bancshares Cash-to-Debt Historical Data

The historical data trend for First Bancshares'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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First Bancshares Cash-to-Debt Chart

First Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.57

2.10

6.09

0.51

2.70

First Bancshares 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	Get a 7-Day Free Trial															0.51	0.81	0.47	0.45	2.70

Competitive Comparison of First Bancshares's Cash-to-Debt

For the Banks - Regional subindustry, First Bancshares'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.

First Bancshares's Cash-to-Debt Distribution in the Banks Industry

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

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

First Bancshares 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.

First Bancshares'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)
	=	355.147	/	(8.289	+	123.386)
	=	2.70

First Bancshares'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)
	=	355.147	/	(8.289	+	123.386)
	=	2.70

First Bancshares (NAS:FBMS) 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.

First Bancshares Cash-to-Debt Related Terms

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

First Bancshares (First Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Bancshares Inc (NAS:FBMS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

6480 U.S. Highway 98 West, Suite A, Hattiesburg, MS, USA, 39402

Website

https://www.thefirstbank.com

First Bancshares Inc operates as a bank holding company. It offers various products and services such as deposit, including checking accounts, savings accounts, and time deposits account for individuals, businesses, associations and organizations, and governmental authorities. It also provides commercial and personal loans, including secured and unsecured loans, consumer loans, and loans for business expansion and purchase of equipment and machinery, and residential mortgage loans. The bank renders services like financial and wealth management, online internet banking, voice response telephone inquiry, safe deposit boxes, traveler's checks, and mobile deposit, and others. It operates in the Commercial/Retail Bank, Mortgage Banking, and Holding company segments.

Executives

Valencia M. Williamson	director	1175 GROVE PARKWAY, JONESBORO GA 30236
Diana Renee Moore	director	106 KIRKWOOD DRIVE, HATTIESBURG MS 39402
Jonathan A Levy	director	PO BOX 428, BOWLING GREEN OH 43402
Cole M Ray Jr	director, officer: PRESIDENT
Andrew D Stetelman	director
Thomas Eugene Mitchell	director	215 EAST FIRST STREET, BAY MINETTE AL 36507
E Ricky Gibson	director
Donna T Rutland	officer: Chief Fiancial Officer	33 NICKLAUS TRAIL, PETAL MS 39465
Rodney D Bennett	director	3701 JAMESTOWN ROAD, HATTIESBURG MS 39402
J Douglas Seidenburg	director
Ted E Parker	director
Charles R Lightsey	director
David W Bomboy	director	17 BRIGHTON COURT, HATTIESBURG MS 39401
Michael W Chancellor	director	P O BOX 643, LAUREL MS 39441
Thoms David O Jr	officer: EVP and Chief Operations Offic	45 OAK CREST DRIVE, LAUREL MS 39440