Sterling Bancorp (Sterling Bancorp) Cash-to-Debt : 1.30 (As of Sep. 2021)

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What is Sterling 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. Sterling Bancorp's cash to debt ratio for the quarter that ended in Sep. 2021 was 1.30.

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, Sterling Bancorp could pay off its debt using the cash in hand for the quarter that ended in Sep. 2021.

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

STL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.16 Max: 1.88
Current: 0.29

During the past 13 years, Sterling Bancorp's highest Cash to Debt Ratio was 1.88. The lowest was 0.06. And the median was 0.16.

STL's Cash-to-Debt is not ranked
in the Banks industry.
Industry Median: 1.25 vs STL: 0.29

Sterling Bancorp Cash-to-Debt Historical Data

The historical data trend for Sterling 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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Sterling Bancorp Cash-to-Debt Chart

Sterling Bancorp Annual Data

Trend

Sep12

Sep13

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

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0.10

0.08

0.11

0.25

0.29

Sterling Bancorp Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Cash-to-Debt	Get a 7-Day Free Trial															0.25	1.07	0.66	1.30	0.29

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

For the Banks - Regional subindustry, Sterling 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.

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

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

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

Sterling 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.

Sterling Bancorp's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
	=	305.002	/	(0	+	1246.82)
	=	0.24

Sterling Bancorp's Cash to Debt Ratio for the quarter that ended in Sep. 2021 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)
	=	929.32	/	(0	+	713.274)
	=	1.30

Sterling Bancorp (NYSE:STL) 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.

Sterling Bancorp Cash-to-Debt Related Terms

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

Sterling Bancorp (Sterling Bancorp) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Two Blue Hill Plaza, Second Floor, Pearl River, New York, NY, USA, 10965

Website

https://www.sterlingbank.com

Sterling Bancorp is a financial and bank holding company that operates primarily through its wholly owned subsidiary, Sterling National Bank. Sterling National Bank is a full-service regional bank that primarily delivers products and services to small and middle market commercial businesses and affluent consumers. Those products and services include deposit, lending, and wealth management products. The bank's strategy emphasizes growth, efficiency, and relationship building with its niche target market. It primarily operates in the New York metropolitan and suburban markets. Nearly all of its loan portfolio is in commercial loans, a plurality of which is in commercial real estate, followed by traditional commercial and industrial loans.

Executives

James P Blose	officer: General Counsel and CLO	C/O 21 SCARSDALE ROAD, YONKERS NY 10707
Javier L. Evans	officer: Chief Human Resource Officer	400 RELLA BOULEVARD, MONTEBELLO NY 10901
Luis Massiani	officer: EVP/CFO	C/O PROVIDENT BANK, 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Jack L Kopnisky	director, officer: President & CEO	C/O STERLING NATIONAL BANK, 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Thomas X Geisel	officer: EVP, President of Specialty Le	400 RELLA BOULEVARD, MONTEBELLO NY 10901
Marissa Weidner	officer: Chief Human Resource Officer	TWO BLUE HILL PLAZA SECOND FLOOR PEARL RIVER NY 10965
James J Landy	director
Beatrice Ordonez	officer: Executive Vice President	TWO BLUE HILL PLAZA - SECOND FLOOR, PEARL RIVER NY 10965
Patricia M Nazemetz	director	XEROX CORPORATION, 800 LONG RIDGE ROAD, STAMFORD CT 06904
Richard L. O'toole	director	C/O STERLING NATIONAL BANK, 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Robert Giambrone	director	400 RELLA BOULEVARD, MONTEBELLO NY 10901
Maureen Mitchell	director	400 RELLA BOULEVARD, MONTEBELLO NY 10901
Fernando Ferrer	director	650 FIFTH AVENUE NEW YORK NY 10019
John P. Cahill	director	612 EAST GRASSY SPRAIN ROAD, YONKERS NY 10710
Mona Aboelnaga	director	400 RELLA BOULEVARD, MONTEBELLO NY 10901