Firstvings Financial Group (Firstvings Financial Group) Cash-to-Debt : 0.08 (As of Dec. 2023)

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What is Firstvings Financial Group 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. Firstvings Financial Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.08.

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, Firstvings Financial Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

FSFG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.24 Max: No Debt
Current: 0.08

During the past 13 years, Firstvings Financial Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was 0.24.

FSFG's Cash-to-Debt is ranked worse than
94.23% of 1439 companies
in the Banks industry
Industry Median: 1.25 vs FSFG: 0.08

Firstvings Financial Group Cash-to-Debt Historical Data

The historical data trend for Firstvings Financial Group'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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Firstvings Financial Group Cash-to-Debt Chart

Firstvings Financial Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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0.18

0.11

0.13

0.11

No Debt

Firstvings Financial Group 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															0.09	0.09	0.11	No Debt	0.08

Competitive Comparison of Firstvings Financial Group's Cash-to-Debt

For the Banks - Regional subindustry, Firstvings Financial Group'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.

Firstvings Financial Group's Cash-to-Debt Distribution in the Banks Industry

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

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

Firstvings Financial Group 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.

Firstvings Financial Group's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Firstvings Financial Group had no debt ⁽¹⁾.

Firstvings Financial Group'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)
	=	33.856	/	(0	+	405.183)
	=	0.08

Firstvings Financial Group (NAS:FSFG) 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.

Firstvings Financial Group Cash-to-Debt Related Terms

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Firstvings Financial Group (Firstvings Financial Group) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

702 North Shore Drive, Suite 300, Jeffersonville, IN, USA, 47130

Website

https://www.fsbbank.net

First Savings Financial Group Inc provides various banking services to individuals and business customers in southern Indiana. The bank accepts deposits from the general public & uses those funds, along with other borrowings, mainly to originate a residential mortgage, commercial mortgage, construction, commercial business, & consumer loans, and to a lesser extent, to invest in mortgage-backed securities and other securities. It conducts lending and deposit activities mainly with individuals and small businesses in its market area. The bank operates in three segments: core banking, which accounts for majority revenue; SBA lending; and mortgage banking.

Executives

Kent L. Parisien	officer: EVP, Area President	501 EAST LEWIS & CLARK PARKWAY, CLARKSVILLE IN 47129
Steven R Stemler	director	C/O FIRST SAVINGS FINANCIAL GROUP, INC., 501 EAST LEWIS AND CLARK PARKWAY, CLARKSVILLE IN 47129
Larry W Myers	director, officer: President & CEO	702 NORTH SHORE DRIVE, SUITE 300, JEFFERSONVILLE IN 47130
Anthony A Schoen	officer: Chief Financial Officer	501 EAST LEWIS & CLARK PARKWAY, CLARKSVILLE IN 47129
L. Chris Fordyce	other: Director of Subsidiary	FIRST SAVINGS FINANCIAL GROUP, INC., 501 EAST LEWIS AND CLARK PARKWAY, CLARKSVILLE IN 47129
Frank Czeschin	director	FIRST SAVINGS FINANCIAL GROUP INC., 501 EAST LEWIS AND CLARK PARKWAY, CLARKSVILLE IN 47129
James E. Valete	officer: EVP, Chf SBA Lndg Offc	702 NORTH SHORE DRIVE, SUITE 300, JEFFERSONVILLE IN 47130
James W Nelson	officer: EVP and CRO	HUNTINGTON BANCSHARES INCORPORATED, HUNTINGTON CENTER, 41 S. HIGH STREET, COLUMBUS OH 43287
Brian A. Simon	officer: SVP, Dir of Mtg, Whsle Lndg	702 NORTH SHORE DRIVE, SUITE 300, JEFFERSONVILLE IN 47130
Jonathan E. Handmaker	officer: EVP of subsidiary	501 EAST LEWIS & CLARK PARKWAY, CLARKSVILLE IN 47129
David Z Rosen	officer: Treasurer of subsidiary	92 WALNUT STREET, LAWRENCEBURG IN 47025
Troy D. Hanke	director	702 NORTH SHORE DRIVE, SUITE 300, JEFFERSONVILLE IN 47130
Marie Haley	officer: EVP and Chief Retail Officer	501 EAST LEWIS AND CLARK PARKWAY, CLARKSVILLE IN 47129
Lenfield R. Basham	officer: EVP and CIO	501 EAST LEWIS & CLARK PARKWAY, CLARKSVILLE IN 47129
Lawson John P Jr	director, officer: Chief Operations Officer	501 EAST LEWIS AND CLARK PARKWAY, CLARKSVILLE IN 47129