OFG Bancorp (OFG Bancorp) Cash-to-Debt : 3.33 (As of Dec. 2023)

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What is OFG Bancorp 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. OFG Bancorp's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.33.

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

OFG' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.23 Med: 3.75 Max: 21.28
Current: 3.36

During the past 13 years, OFG Bancorp's highest Cash to Debt Ratio was 21.28. The lowest was 1.23. And the median was 3.75.

OFG's Cash-to-Debt is ranked better than
74.15% of 1439 companies
in the Banks industry
Industry Median: 1.25 vs OFG: 3.36

OFG Bancorp Cash-to-Debt Historical Data

The historical data trend for OFG Bancorp'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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OFG Bancorp Cash-to-Debt Chart

OFG Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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5.49

15.97

21.28

10.12

3.33

OFG Bancorp 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															3.35	3.19	1.65	3.33	3.36

Competitive Comparison of OFG Bancorp's Cash-to-Debt

For the Banks - Regional subindustry, OFG Bancorp'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.

OFG Bancorp's Cash-to-Debt Distribution in the Banks Industry

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

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

OFG Bancorp 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.

OFG Bancorp'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)
	=	748.173	/	(0	+	224.799)
	=	3.33

OFG Bancorp'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)
	=	748.173	/	(0	+	224.799)
	=	3.33

OFG Bancorp (NYSE:OFG) 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.

OFG Bancorp Cash-to-Debt Related Terms

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

OFG Bancorp (OFG Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OFG Bancorp (NYSE:OFG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

OFP:Germany

Address

254 Munoz Rivera Avenue, San Juan, PRI, 00918

Website

https://www.ofgbancorp.com

OFG Bancorp is a financial holding company, through its subsidiaries provides banking and financial services. It operates through three segments namely Banking, Wealth Management, and Treasury. It serves to clients such as commercial, consumer, auto, and mortgage lending, checking and savings accounts, financial planning, insurance, financial services, and investment brokerage, and corporate and individual trust and retirement services. It provides services in the region of Puerto Rico.

Executives

Ganesh Kumar	officer: CFO & EVP	P.O. BOX 195115, SAN JUAN PR 00919-5115
Jesus Nestor De	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Cesar A Ortiz	officer: SVP & Chief Risk Officer	PO BOX 195115, SAN JUAN PR 00919
Maritza Arizmendi	officer: EVP & CFO	PO BOX 195115, SAN JUAN PR 00919-5115
Julian Inclan	director, DIRECTOR	P.O. BOX 195115, SAN JUAN PR 00919-5115
Patrick J. Haggarty	officer: Managing Director Comm. Bankin	P.O.BOX 195115, SAN JUAN PR 00919-5115
Jose Rafael Fernandez	officer: Senior Executive VP	PO BOX 195115, SAN JUAN PR 00919-5115
Jorge Colon	director	PO BOX 195115, SAN JUAN PR 00919-5115
Angel E. Vazquez	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Edwin Perez	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Ada Garcia	officer: Managing Dir Customer Intelli	P.O. BOX 195115, SAN JUAN PR 00919-5115
Hugh Gonzalez	officer: General Counsel	P.O. BOX 195115, SAN JUAN PR 00919-5115
Annette Franqui	director	811 MAIN STREET, SUITE 3000, HOUSTON TX 77002
Rafael A Velez-dominguez	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Sue Harnett	director	P.O. BOX 195115, SAN JUAN PR 00919-5115