TriCo Bancshares (TriCo Bancshares) Cash-to-Debt : 0.13 (As of Dec. 2023)

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What is TriCo 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. TriCo Bancshares'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, TriCo Bancshares 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 TriCo Bancshares's Cash-to-Debt or its related term are showing as below:

TCBK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 3.62 Max: 9.32
Current: 0.13

During the past 13 years, TriCo Bancshares's highest Cash to Debt Ratio was 9.32. The lowest was 0.13. And the median was 3.62.

TCBK's Cash-to-Debt is ranked worse than
91.59% of 1439 companies
in the Banks industry
Industry Median: 1.25 vs TCBK: 0.13

TriCo Bancshares Cash-to-Debt Historical Data

The historical data trend for TriCo 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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TriCo Bancshares Cash-to-Debt Chart

TriCo Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.68

5.95

5.72

0.27

0.13

TriCo Bancshares Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.19	0.23	0.17	0.13	0.16

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

For the Banks - Regional subindustry, TriCo 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.

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

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

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

TriCo 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.

TriCo 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)
	=	98.701	/	(32.582	+	729.36)
	=	0.13

TriCo 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)
	=	98.701	/	(32.582	+	729.36)
	=	0.13

TriCo Bancshares (NAS:TCBK) 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.

TriCo Bancshares Cash-to-Debt Related Terms

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

TriCo Bancshares (TriCo Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » TriCo Bancshares (NAS:TCBK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

63 Constitution Drive, Chico, CA, USA, 95973

Website

https://www.tcbk.com

TriCo Bancshares is a California corporation organized to act as a bank holding company for Tri Counties Bank. The Bank is a California-chartered bank that is engaged in the general commercial and retail banking business in California counties. The Bank provides a breadth of personal, small business and commercial financial services including accepting demand, savings and time deposits and making small business, commercial, real estate, and consumer loans, as well as a range of Treasury Management Services and other customary banking services including safe deposit boxes at some branches. The company's primary source of revenue is the net interest income.

Executives

Giese Cory W	director, officer: EVP Wholesale Banking	63 CONSTITUTION DRIVE, CHICO CA 95973
Michael W Koehnen	director	63 CONSTITUTION DRIVE, CHICO CA 95973
Anthony L. Leggio	director	11601 BOLTHOUSE DRIVE. SUITE 200, BAKERSFIELD CA 93311
Jon Nakamura	director	63 CONSTITUTION DRIVE, CHICO CA 95973
Richard P Smith	director, officer: President & CEO	63 CONSTITUTION DRIVE, CHICO CA 95973
W Virginia Walker	director, officer: EVP Wholesale Banking	63 CONSTITUTION DRIVE, CHICO CA 95973
Judi Giem	officer: Chief Human Resource Officer	63 CONSTITUTION DRIVE, CHICO CA 95973
Margaret L Kane	director	63 CONSITUTION DIVE, CHICO CA 95973
Kirsten E Garen	director	63 CONSTITUTION DRIVE, CHICO CA 95973
Kimberley H Vogel	director	63 CONSTITUTION DRIVE, CHICO CA 95973
Craig B Carney	other: SR VP/Cheif Credit Officer	63 CONSTITUTION DR, CHICO CA 95973
Peter G Wiese	officer: EVP/Chief Financial Officer	63 CONSTITUTION DR, CHICO CA 95973
Thomas G Atwood	director
Thomas C Mcgraw	director	C/O FNB BANCORP, 975 EL CAMINO REAL, SOUTH SAN FRANCISCO CA 94080
Gregory A Gehlmann	officer: SVP General Counsel	TRICO BANCSHARES, 63 CONSTITUTION DRIVE, CHICO CA 95973