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University Bancorp Inc (OTCPK:UNIB)
Cash to Debt Ratio
1.74 (As of Sep. 2008)

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash and cash equivalents divide by its debt. University Bancorp Inc's cash to debt ratio for the quarter that ended in Sep. 2008 was 1.74.

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, University Bancorp Inc could pay off its debt using the cash in hand for the quarter that ended in Sep. 2008.

UNIB' s 10-Year Cash to Debt Range
Min: 0   Max: 0
Current: 0

UNIB's Cash to Debtis ranked lower than
97% of the 1266 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.28 vs. UNIB: 0.00 )

Definition

This is the ratio of a company's Cash and cash equivalents to its debt. The debt includes the Current Portion of Long-Term Debt and Long-Term Debt. This ratio measures the financial strength of a company. This ratio is updated quarterly.

University Bancorp Inc's Cash to Debt Ratio for the fiscal year that ended in Dec. 2007 is calculated as:

University Bancorp Inc had no debt.

University Bancorp Inc's Cash to Debt Ratio for the quarter that ended in Sep. 2008 is calculated as:

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


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.


Related Terms

Current Portion of Long-Term Debt, Long-Term Debt, Cash and Cash Equivalents (For Banks and Insurance Companies), Cash and Cash Equivalents


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

University Bancorp Inc Annual Data

Dec98Dec99Dec00Dec01Dec02Dec03Dec04Dec05Dec06Dec07
cash2debt 6.130.280.510.488.6213.080.71No DebtNo DebtNo Debt

University Bancorp Inc Quarterly Data

Jun06Sep06Dec06Mar07Jun07Sep07Dec07Mar08Jun08Sep08
cash2debt No DebtNo DebtNo DebtNo DebtNo DebtNo DebtNo DebtNo DebtNo Debt1.74
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