Bay Banks of Virginia (Bay Banks of Virginia) Cash-to-Debt : 0.68 (As of Sep. 2020)

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What is Bay Banks of Virginia 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. Bay Banks of Virginia's cash to debt ratio for the quarter that ended in Sep. 2020 was 0.68.

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, Bay Banks of Virginia couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2020.

The historical rank and industry rank for Bay Banks of Virginia's Cash-to-Debt or its related term are showing as below:

BAYK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.69 Max: No Debt
Current: 0.68

During the past 13 years, Bay Banks of Virginia's highest Cash to Debt Ratio was No Debt. The lowest was 0.17. And the median was 0.69.

BAYK's Cash-to-Debt is not ranked
in the Banks industry.
Industry Median: 1.25 vs BAYK: 0.68

Bay Banks of Virginia Cash-to-Debt Historical Data

The historical data trend for Bay Banks of Virginia'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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Bay Banks of Virginia Cash-to-Debt Chart

Bay Banks of Virginia Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash-to-Debt

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0.56

0.40

0.71

0.29

0.57

Bay Banks of Virginia Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Cash-to-Debt	Get a 7-Day Free Trial															0.47	0.57	0.76	0.42	0.68

Competitive Comparison of Bay Banks of Virginia's Cash-to-Debt

For the Banks - Regional subindustry, Bay Banks of Virginia'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.

Bay Banks of Virginia's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where Bay Banks of Virginia's Cash-to-Debt falls into.

Bay Banks of Virginia 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.

Bay Banks of Virginia's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 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)
	=	43.208	/	(0	+	76.001)
	=	0.57

Bay Banks of Virginia's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	60.659	/	(0	+	88.72)
	=	0.68

Bay Banks of Virginia (OTCPK:BAYK) 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.

Bay Banks of Virginia Cash-to-Debt Related Terms

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Bay Banks of Virginia (Bay Banks of Virginia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bay Banks of Virginia Inc (OTCPK:BAYK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1801 Bayberry Court, Suite 101, Richmond, VA, USA, 23226

Website

https://www.baybanks.com

Bay Banks of Virginia Inc is a bank holding company. It serves businesses, professionals, and consumers with a wide variety of financial services, including retail and commercial banking, investment services, and mortgage banking. The company products include checking accounts, savings accounts, money market accounts, cash management accounts, certificates of deposit, individual retirement accounts, commercial and industrial loans, residential mortgages, commercial mortgages, home equity loans, consumer installment loans, insurance, credit cards, online banking, telephone banking, and mobile banking.

Executives

Randal R Greene	director, officer: President & CEO
John C Hodges	director	P. O. BOX 5 WHITE STONE VA 22578
Reynolds Randolph N Jr	director	3 PARTRIDGE HILL ROAD, RICHMOND VA 23238
Woolfolk D Kyle Jr	director	2340 BEL CREST CIRCLE MIDLOTHIAN VA 23113
Vance H Spilman	director	5417 CARY STREET ROAD, RICHMOND VA 23226
James P Vanlandingham	director	8817 HALIFAX ROAD PETERSBURG VA 23805
Scott C Frank Iii	director, officer: Chairman	528 HICKORY DRIVE, MANAKIN SABOT VA 23103
C. Dwight Clarke	director	P. O. BOX 1869 KILMARNOCK VA 22482
Elizabeth Hinton Crowther	director	P. O. BOX 1691, KILMARNOCK VA 22482
Julien G Patterson	director	P. O. BOX 1869, 100 S. MAIN STREET, KILMARNOCK VA 22482
Farmar Richard A Iii	director	P O BOX 1181, WARSAW VA 22572
Douglas F Jenkins	officer: Vice President	P. O. BOX 1869 KILMARNOCK VA 22482
Judy Carol Gavant	officer: EVP & CFO	ONE JAMES CENTER, 901 EAST CARY STREET, SUITE 1700, RICHMOND VA 23219
Eric F Nost	officer: Executive Officer	P. O. BOX 689 IRVINGTON VA 22480
Michael Harrison Troutman	officer: Executive Vice President	P. O. BOX 17310 RICHMOND VA 23226