First Citizens Bancshares (TN) (First Citizens Bancshares (TN)) Cash-to-Debt : 0.94 (As of Dec. 2018)

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What is First Citizens Bancshares (TN) 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. First Citizens Bancshares (TN)'s cash to debt ratio for the quarter that ended in Dec. 2018 was 0.94.

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, First Citizens Bancshares (TN) couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2018.

The historical rank and industry rank for First Citizens Bancshares (TN)'s Cash-to-Debt or its related term are showing as below:

FIZN's Cash-to-Debt is not ranked ^*
in the Banks industry.
Industry Median: 1.245
* Ranked among companies with meaningful Cash-to-Debt only.

First Citizens Bancshares (TN) Cash-to-Debt Historical Data

The historical data trend for First Citizens Bancshares (TN)'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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First Citizens Bancshares (TN) Cash-to-Debt Chart

First Citizens Bancshares (TN) Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Cash-to-Debt

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0.58

0.76

0.64

0.35

0.94

First Citizens Bancshares (TN) Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Cash-to-Debt	Get a 7-Day Free Trial															0.35	0.33	0.31	0.27	0.94

Competitive Comparison of First Citizens Bancshares (TN)'s Cash-to-Debt

For the Banks - Regional subindustry, First Citizens Bancshares (TN)'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.

First Citizens Bancshares (TN)'s Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Citizens Bancshares (TN)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where First Citizens Bancshares (TN)'s Cash-to-Debt falls into.

First Citizens Bancshares (TN) 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.

First Citizens Bancshares (TN)'s Cash to Debt Ratio for the fiscal year that ended in Dec. 2018 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)
	=	327.44	/	(28.351	+	319.867)
	=	0.94

First Citizens Bancshares (TN)'s Cash to Debt Ratio for the quarter that ended in Dec. 2018 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)
	=	327.44	/	(28.351	+	319.867)
	=	0.94

First Citizens Bancshares (TN) (OTCPK:FIZN) 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.

First Citizens Bancshares (TN) Cash-to-Debt Related Terms

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First Citizens Bancshares (TN) (First Citizens Bancshares (TN)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Citizens Bancshares Inc (TN) (OTCPK:FIZN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4300 Six Forks Road, Raleigh, NC, USA, 27609

Website

https://www.firstcitizens.com

First Citizens Bancshares Inc (TN) is a financial holding company. The bank offers various services such as checking accounts, savings accounts, mobile and tablet banking, digital banking, loans, insurance and other banking services. The company operates its business in four segments, 1) General Banking which offers a full suite of deposit products, loans, cash management, wealth, payments and various other fee-based services., 2) Commercial Banking segment provides a range of lending, leasing, capital markets, asset management and other financial and advisory services to small and middle market companies, 3) Rail offers customized leasing and financing solutions on a fleet of railcars and locomotives to railroads and shippers throughout North America and 4) Corporate.