FDSB (Fifth District Bancorp) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Fifth District 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. Fifth District Bancorp'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, Fifth District Bancorp 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 Fifth District Bancorp's Cash-to-Debt or its related term are showing as below:

FDSB' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.83 Med: No Debt Max: No Debt
Current: 8.52

During the past 2 years, Fifth District Bancorp's highest Cash to Debt Ratio was No Debt. The lowest was 4.83. And the median was No Debt.

FDSB's Cash-to-Debt is ranked better than
84.18% of 1498 companies
in the Banks industry
Industry Median: 1.295 vs FDSB: 8.52

Fifth District Bancorp Cash-to-Debt Historical Data

The historical data trend for Fifth District 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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Fifth District Bancorp Cash-to-Debt Chart

Fifth District Bancorp Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

No Debt

4.83

Fifth District Bancorp Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial			N/A	4.83	No Debt	No Debt	No Debt

Competitive Comparison of Fifth District Bancorp's Cash-to-Debt

For the Banks - Regional subindustry, Fifth District 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.

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

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

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

Fifth District 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.

Fifth District 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)
	=	19.306	/	(4	+	0)
	=	4.83

Fifth District Bancorp's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Fifth District Bancorp had no debt ⁽¹⁾.

Fifth District Bancorp (NAS:FDSB) 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.

Fifth District Bancorp Cash-to-Debt Related Terms

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Fifth District Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Fifth District Bancorp Inc (NAS:FDSB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4000 General DeGaulle Drive, New Orleans, LA, USA, 70114

Website

Fifth District Bancorp inc is a holding company of Fifth District. Fifth District portfolio consists primarily of fixed-rate one- to four-family residential mortgage loans also originate construction loans, home equity loans, home equity lines of credit, land loans, and share loans (loans secured by deposit accounts at Fifth District) and purchase commercial business loans. The company offer a variety of deposit accounts including checking accounts, money market accounts, and certificates of deposit. In addition, it offers electronic banking services including mobile banking, on-line banking, telephone banking, bill pay, and electronic funds transfer via SmartPay..

Fifth District Bancorp Headlines

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FDSB (Fifth District Bancorp) Cash-to-Debt : No Debt (1) (As of Sep. 2024)