Westamerica Bancorp (Westamerica Bancorp) Cash-to-Debt : 2.47 (As of Dec. 2023)

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What is Westamerica 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. Westamerica Bancorp's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.47.

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

WABC' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.17 Med: 8.18 Max: 62.96
Current: 2.17

During the past 13 years, Westamerica Bancorp's highest Cash to Debt Ratio was 62.96. The lowest was 2.17. And the median was 8.18.

WABC's Cash-to-Debt is ranked better than
64.65% of 1437 companies
in the Banks industry
Industry Median: 1.26 vs WABC: 2.17

Westamerica Bancorp Cash-to-Debt Historical Data

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

Westamerica Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

21.79

32.99

62.96

4.00

2.47

Westamerica 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															1.98	1.72	3.14	2.47	2.17

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

For the Banks - Regional subindustry, Westamerica 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.

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

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

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

Westamerica 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.

Westamerica 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)
	=	190.314	/	(58.162	+	18.814)
	=	2.47

Westamerica 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)
	=	190.314	/	(58.162	+	18.814)
	=	2.47

Westamerica Bancorp (NAS:WABC) 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.

Westamerica Bancorp Cash-to-Debt Related Terms

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

Westamerica Bancorp (Westamerica Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Westamerica Bancorp (NAS:WABC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

WB1:Germany

Address

1108 Fifth Avenue, San Rafael, CA, USA, 94901

Website

https://www.westamerica.com

Westamerica Bancorp is based in San Rafael, California. Westamerica Bancorporation runs a regional community bank and has approximately $7.5 billion in assets. The bank's net revenue is generated by net interest income. Deposit service charges make up the noninterest income sources. The bank focuses mostly on commercial clients, such as smaller businesses. Its footprint encompasses central and northern California, extending north of San Francisco to Mendocino and Lake counties, south to Kern County in central California, and all the way east to Nevada County.

Executives

Alisa Jane Belew	director	4550 MANGELS BLVD A-2M, FAIRFIELD CA 94534
Curtis Belton	officer: Vice President/General Auditor	4550 MANGELS BLVD, A-2Y, FAIRFIELD CA 94585-1200
Melanie Martella Chiesa	director	4550 MANGELS BLVD A-2M, FAIRFIELD CA 94534
Michele R. Hassid	director	4550 MANGELS BLVD A 2M, FAIRFIELD CA 94534
Inez Wondeh	director	4550 MANGELS BLVD A-2M, FAIRFIELD CA 94534
George S Ensinger	officer: SVP/Human Resources Div. Mgr	4550 MANGELS BLVD, A-1R, FAIRFIELD CA 94585-1200
Mac Millan Catherine C	director
Edward B Sylvester	director
Jesse Leavitt	officer: CFO	4550 MANGELS BLVD A-2B, FAIRIFELD CA 94534
John A Thorson	officer: SVP & Treasurer
Brian J Donohoe	officer: Operations and Systems Mgr	4550 MANGELS BLVD, B-2A, FAIRFIELD CA 94585-1200
Russell W Rizzardi	officer: SVP/Chief Credit Administrator	4550 MANGELS BLVD., FAIRFIELD CA 94534
Dennis R Hansen	officer: SVP & Controller
James J Schneck	officer: General Auditor
David L Robinson	officer: VP/Banking Division Manager	4550 MANGELS BLVD, FAIRFIELD CA 94534