Ocean Shore Holding Co (Ocean Shore Holding Co) Cash-to-Debt : 1.39 (As of Sep. 2016)

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What is Ocean Shore Holding Co 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. Ocean Shore Holding Co's cash to debt ratio for the quarter that ended in Sep. 2016 was 1.39.

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, Ocean Shore Holding Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2016.

The historical rank and industry rank for Ocean Shore Holding Co's Cash-to-Debt or its related term are showing as below:

OSHC's Cash-to-Debt is not ranked ^*
in the Banks industry.
Industry Median: 1.295
* Ranked among companies with meaningful Cash-to-Debt only.

Ocean Shore Holding Co Cash-to-Debt Historical Data

The historical data trend for Ocean Shore Holding Co'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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Ocean Shore Holding Co Cash-to-Debt Chart

Ocean Shore Holding Co Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Cash-to-Debt

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1.24

1.30

0.73

0.69

0.84

Ocean Shore Holding Co Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Cash-to-Debt	Get a 7-Day Free Trial															1.05	0.84	0.89	0.82	1.39

Competitive Comparison of Ocean Shore Holding Co's Cash-to-Debt

For the Banks - Regional subindustry, Ocean Shore Holding Co'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.

Ocean Shore Holding Co's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where Ocean Shore Holding Co's Cash-to-Debt falls into.

Ocean Shore Holding Co 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.

Ocean Shore Holding Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2015 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)
	=	87.71	/	(0	+	105)
	=	0.84

Ocean Shore Holding Co's Cash to Debt Ratio for the quarter that ended in Sep. 2016 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)
	=	145.469	/	(0	+	105)
	=	1.39

Ocean Shore Holding Co (NAS:OSHC) 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.

Ocean Shore Holding Co Cash-to-Debt Related Terms

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Ocean Shore Holding Co (Ocean Shore Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ocean Shore Holding Co (NAS:OSHC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.ochome.com

Ocean Shore Holding Co was established in 1887. It is the holding company for Ocean City Home Bank. The Company is engaged in the business of directing, planning, and coordinating the business activities of the Bank. Ocean City Home Bank is a federally chartered savings bank. It operates as a community-oriented financial institution offering a range of financial services to consumers and businesses in its market area. It attracts deposits from the general public, small businesses and municipalities and uses those funds to originate a variety of consumer and commercial loans, which the Company holds for investment. Its lending activities include One- to Four-Family Residential Loans; Commercial and Multi-Family; Construction Loans; Commercial Loans; and Consumer Loans. It has legal authority to invest in various types of liquid assets, including U.S. Treasury obligations, securities of various federal agencies and of state and municipal governments, mortgage-backed securities and certificates of deposit of federally insured institutions. Its products include residential mortgage loans, commercial loans and mortgages, and home equity and other consumer loans. The Company competes with insurance companies, securities companies and specialty finance companies such as Bank of America, PNC Bank, Wells Fargo & Company, and TD Bank.

Executives

Samuel Young	director	C/O OCEAN SHORE HOLDING CO, 1001 ASBURY AVENUE, OCEAN CITY NJ 08226
Steven E Brady	director, officer: Pres. & Chief Exec. Officer	C/O OCEAN SHORE HOLDING CO, 1001 ASBURY AVENUE, OCEAN CITY NJ 08226
Dorothy Mccrosson	director	1001 ASBURY AVENUE, OCEAN CITY NJ 08226

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