CNBZ (CNB MI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is CNB MI 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. CNB MI's cash to debt ratio for the quarter that ended in Sep. 2024 was No Debt ⁽¹⁾.

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, CNB MI could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(1) 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.

The historical rank and industry rank for CNB MI's Cash-to-Debt or its related term are showing as below:

CNBZ' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, CNB MI's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

CNBZ's Cash-to-Debt is ranked better than
99.8% of 1499 companies
in the Banks industry
Industry Median: 1.29 vs CNBZ: No Debt

CNB MI Cash-to-Debt Historical Data

The historical data trend for CNB MI'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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CNB MI Cash-to-Debt Chart

CNB MI Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

CNB MI Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of CNB MI's Cash-to-Debt

For the Banks - Regional subindustry, CNB MI'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.

CNB MI's Cash-to-Debt Distribution in the Banks Industry

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

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

CNB MI 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.

CNB MI's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

CNB MI had no debt ⁽¹⁾.

CNB MI's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

CNB MI had no debt ⁽¹⁾.

CNB MI (OTCPK:CNBZ) 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.

CNB MI Cash-to-Debt Related Terms

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

CNB MI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CNB Corp MI (OTCPK:CNBZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 North Main Street, Cheboygan, MI, USA, 49721

Website

https://www.cnbismybank.com

CNB Corp MI is a one-bank holding company, that conducts no direct business activities. All business activities are performed by Citizens National Bank. The Bank provides a full range of banking services to individuals, agricultural businesses, commercial businesses, and light industries located in its service area. It maintains a diversified loan portfolio, including loans to individuals for home mortgages, automobiles, personal expenditures, and loans to business enterprises for current operations and expansion. It is headquartered in Cheboygan with offices in Onaway, Pellston, Mackinaw City, Indian River, Alanson, and Petoskey.

CNB MI Headlines

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CNBZ (CNB MI) Cash-to-Debt : No Debt (1) (As of Sep. 2024)