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Texas Capital Bancshares has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.GuruFocus does not calculate Texas Capital Bancshares's interest coverage with the available data. Texas Capital Bancshares's debt to revenue ratio for the quarter that ended in Mar. 2024 was 1.57. Altman Z-Score does not apply to banks and insurance companies.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Texas Capital Bancshares's Interest Expense for the months ended in Mar. 2024 was $-202 Mil. Its Operating Income for the months ended in Mar. 2024 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $860 Mil.
Texas Capital Bancshares's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Texas Capital Bancshares Inc has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Texas Capital Bancshares's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
Debt to Revenue Ratio | = | Total Debt (Q: Mar. 2024 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (750 | + | 859.823) | / | 1025.312 | |
= | 1.57 |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* 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.
Texas Capital Bancshares (NAS:TCBI) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
Texas Capital Bancshares has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of Texas Capital Bancshares's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert W Stallings | director | 5242 BUENA VISTA DRIVE, FRISCO TX 75034 |
Laura L Whitley | director | 2000 MCKINNEY AVE SUITE 700, DALLAS TX 75201 |
John W Cummings | officer: Chief Administrative Officer | 2000 MCKINNEY AVE SUITE 700, DALLAS TX 75201 |
Thomas E Long | director | 370 17TH STREET, SUITE 2775, DENVER CO 80202 |
Timothy J Storms | officer: Chief Risk Officer | 2000 MCKINNEY AVE, STE 700, DALLAS TX 75201 |
Elysia Holt Ragusa | director | 901 S. CENTRAL EXPRESSWAY, RICHARDSON TX 75080 |
John Matthew Scurlock | officer: Chief Financial Officer | 2000 MCKINNEY AVE SUITE 700, DALLAS TX 75201 |
Paola M Arbour | director | 14201 DALLAS PARKWAY, DALLAS TX 75254 |
Charles S Hyle | director | 191C MAIN STREET, NEW CANAAN CT 06840 |
James H Browning | director | 3760 JARDIN, HOUSTON TX 77005 |
Julie L Anderson | officer: Chief Accounting Officer | 2000 MCKINNEY AVE STE 700, DALLAS TX 75201 |
David S. Huntley | director | 208 S. AKARD, ROOM 2900;07, DALLAS TX 75202 |
Larry L Helm | director | 1000 LOUISIANA, SUITE 5600, HOUSTON TX 77002 |
Anna M Alvarado | officer: Chief Legal Officer | 1600 WEST 7TH STREET, FORT WORTH TX 76102 |
Rob C Holmes | officer: President and CEO | 2000 MCKINNEY AVE, STE 700, DALLAS TX 75201 |
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