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First Choice Bancorp (First Choice Bancorp) Cash-to-Debt : 1.63 (As of Mar. 2021)


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What is First Choice 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. First Choice Bancorp's cash to debt ratio for the quarter that ended in Mar. 2021 was 1.63.

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, First Choice Bancorp could pay off its debt using the cash in hand for the quarter that ended in Mar. 2021.

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

FCBP' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.13   Med: 2.34   Max: No Debt
Current: 1.63

During the past 8 years, First Choice Bancorp's highest Cash to Debt Ratio was No Debt. The lowest was 1.13. And the median was 2.34.

FCBP's Cash-to-Debt is not ranked
in the Banks industry.
Industry Median: 1.295 vs FCBP: 1.63

First Choice Bancorp Cash-to-Debt Historical Data

The historical data trend for First Choice 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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First Choice Bancorp Cash-to-Debt Chart

First Choice Bancorp Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cash-to-Debt
Get a 7-Day Free Trial No Debt 5.07 1.97 1.63 1.61

First Choice Bancorp Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.17 1.39 1.18 1.61 1.63

Competitive Comparison of First Choice Bancorp's Cash-to-Debt

For the Banks - Regional subindustry, First Choice 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.


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

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

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



First Choice 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.

First Choice Bancorp's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 is calculated as:

First Choice Bancorp's Cash to Debt Ratio for the quarter that ended in Mar. 2021 is calculated as:

* 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.


First Choice Bancorp  (NAS:FCBP) 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 Choice Bancorp Cash-to-Debt Related Terms

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


First Choice Bancorp (First Choice Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
17785 Center Court Drive N, Suite 750, Cerritos, CA, USA, 90703
First Choice Bancorp is an American bank holding company. It is engaged in providing loans to consumers and commercial clients which include small businesses and individuals. The company mainly offers commercial and industrial loans, residential mortgage loans and commercial real estate loans generating interest income constituting the majority of company revenues. It targets its products and services to small and medium-size business.
Executives
Leonard May officer: EVP & Chief Credit Officer 17785 CENTER COURT DRIVE SUITE 750 CERRITOS CA 90703
Luis Maizel director 401 B STREET STE 920 SAN DIEGO CA 92101
Robert Franko officer: President & CEO C/O ROYAL BUSINESS BANK, 1055 WILSHIRE BLVD, LOS ANGELES CA 90017
Peter Hui director, other: Chairman of the Board 17785 CENTER COURT DRIVE, SUITE 750, CERRITOS CA 90703
Phillip Thong director, other: Vice Chairman of the Board 17785 CENTER COURT DRIVE SUITE 750 CERRITOS CA 90703
Roshan Bhakta director 17785 CENTER COURT DRIVE SUITE 750 CERRITOS CA 90703
Pravin Pranav director 17785 CENTER COURT DRIVE SUITE 750 CERRITOS CA 90703
James H Gray director 866 N. HOLLY GLEN DRIVE, LONG BEACH CA 90815
Thomas Iino director 17785 CENTER COURT DRIVE SUITE 750 CERRITOS CA 90703
Khoi Dang officer: EVP & General Counsel 17785 CENTER COURT DRIVE, SUITE 750, CERRITOS CA 90703
Fred Jensen director 17785 CENTER COURT DRIVE SUITE 750 CERRITOS CA 90703
Mary Lynn Mckenzie-tallerico director 17785 CENTER COURT DR N #750 CERRITOS CA 90703
Diana Hanson officer: Interim CFO 17785 CENTER COURT DR #750, CERRITOS CA 90703
Yolanda Su officer: EVP & Chief Operations Admin. 17785 CENTER COURT DRIVE SUITE 750 CERRITOS CA 90703
Max Freifeld director 17785 CENTER COURT DRIVE SUITE 750 CERRITOS CA 90703

First Choice Bancorp (First Choice Bancorp) Headlines