LCNB (LCNB) Cash-to-Debt

: 0.18 (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. LCNB's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.18.

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

LCNB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.53 Max: 1.12
Current: 0.18

During the past 13 years, LCNB's highest Cash to Debt Ratio was 1.12. The lowest was 0.18. And the median was 0.53.

LCNB's Cash-to-Debt is ranked worse than
88.6% of 1448 companies
in the Banks industry
Industry Median: 1.235 vs LCNB: 0.18

LCNB Cash-to-Debt Historical Data

The historical data trend for LCNB'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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LCNB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.45

1.12

1.10

0.23

0.18

LCNB 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																0.23	0.32	0.19	0.29	0.18

Competitive Comparison

For the Banks - Regional subindustry, LCNB'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.

LCNB Cash-to-Debt Distribution

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

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

LCNB 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.

LCNB'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)
	=	39.723	/	(97.395	+	119.384)
	=	0.18

LCNB'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)
	=	39.723	/	(97.395	+	119.384)
	=	0.18

LCNB (NAS:LCNB) 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.

LCNB Cash-to-Debt Related Terms

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

LCNB (LCNB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » LCNB Corp (NAS:LCNB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 North Broadway, P.O. Box 59, Lebanon, OH, USA, 45036

Website

https://www.lcnb.com

LCNB Corp operates within the financial sector in the United States. As the holding company of the National Bank, it conducts the business of providing commercial and personal banking services. Its suite of banking products includes commercial and industrial loans, consumer loans, safe deposit boxes, night depositories, cashier's checks, utility bill collections, and notary public service. Besides, it provides the avenue of United States Treasury notes, the United States agency notes, certificates of deposit and equity securities.

Executives

Takeitha W Lawson	director	7313 ENGLISH GARDEN LANE, ANDERSON TOWNSHIP OH 45230
Anne E Krehbiel	director	7709 CHUMANI LANE, CINCINNATI OH 45243
Craig Millis Johnson	director	3436 WHITFIELD AVE, CINCINNATI OH 45220
Michael Robert Miller	officer: Exec. Vice President	8368 SQUIRRELL RIDGE DR, CINCINNATI OH 45243
Eric J Meilstrup	officer: EVP/Cashier	225 DICKENS COURT, LEBANON OH 45036
Mulligan Lawrence P Jr.	officer: Executive Vice President	218 S MAIN ST, MIDDLETOWN OH 45044
Steve P Foster	director, officer: Chief Executive Officer	1017 COUNTRY CREEK DR, LEBONON OH 45036
Mary E Bradford	director	4962 THUNDER RD, CLEVES OH 45002
William H Kaufman	director	1017 COUNTRY CREEK DR, LEBONON OH 45036
William G Huddle	director	9394 DIN EIDYN DR, DUBLIN OH 43017
Stephen P Wilson	director, officer: President & CEO
John F Smiley	officer: Exec Vice President	7119 COVENTRY WOODS DRIVE, DUBLIN OH 43017
Michael J Johrendt	director	434 TARPON BLVD, FRIPP ISLAND SC 29920
Bradley Austin Ruppert	officer: Executive Vice President	180 LAKEVIEW DR, FRANKLIN OH 45005
Leroy F Mckay	officer: Executive Vice President	257 MECHANIC STREET, LEBANON OH 45036