First Guaranty Bancshares (First Guaranty Bancshares) Cash-to-Debt : 1.52 (As of Mar. 2024)

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What is First Guaranty Bancshares 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 Guaranty Bancshares's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.52.

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 Guaranty Bancshares could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

FGBIP.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.38 Med: 1.38 Max: 17.64
Current: 1.52

During the past 13 years, First Guaranty Bancshares's highest Cash to Debt Ratio was 17.64. The lowest was 0.38. And the median was 1.38.

FGBIP.PFD's Cash-to-Debt is ranked better than
55.32% of 1439 companies
in the Banks industry
Industry Median: 1.28 vs FGBIP.PFD: 1.52

First Guaranty Bancshares Cash-to-Debt Historical Data

The historical data trend for First Guaranty Bancshares'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 Guaranty Bancshares Cash-to-Debt Chart

First Guaranty Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.83

2.71

6.06

0.47

1.06

First Guaranty Bancshares 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															1.34	0.71	0.60	1.06	1.52

Competitive Comparison of First Guaranty Bancshares's Cash-to-Debt

For the Banks - Regional subindustry, First Guaranty Bancshares'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 Guaranty Bancshares's Cash-to-Debt Distribution in the Banks Industry

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

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

First Guaranty Bancshares 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 Guaranty Bancshares'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)
	=	286.114	/	(60	+	209.099)
	=	1.06

First Guaranty Bancshares's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	331.592	/	(0	+	217.802)
	=	1.52

First Guaranty Bancshares (NAS:FGBIP.PFD) 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 Guaranty Bancshares Cash-to-Debt Related Terms

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

First Guaranty Bancshares (First Guaranty Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Guaranty Bancshares Inc (NAS:FGBIP.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FGBI:USA

Address

400 East Thomas Street, Hammond, LA, USA, 70401

Website

https://www.fgb.net

First Guaranty Bancshares Inc provides personalized commercial banking services to its customers in Louisiana, through several banking facilities in the Market Services Areas. Its principal business activity includes attracting deposits and investing it together with funds generated from operations and borrowings insecurities and in lending activities to serve the credit needs of its customer base. The company offers commercial real estate loans, commercial and industrial loans, construction and land development loans, agricultural and farmland loans, and to a lesser extent, consumer and multifamily loans.

Executives

Vanessa R Drew	director	400 EAST THOMAS STREET, HAMMOND LA 70401
Amanda Wood Barnett	officer: General Counsel	1412 CENTRE COURT DRIVE, SUITE 101, ALEXANDRIA LA 71301
Jack Rossi	director	400 EAST THOMAS STREET, HAMMOND LA 70401
Smith & Hood Holding Company, Llc	10 percent owner	11239 HIGHWAY 16, AMITE LA 70422
Smith & Hood Investments, Llc	10 percent owner	P.O. BOX 367, AMITE LA 70422
Smith Edgar R. Iii	director	400 EAST THOMAS STREET, HAMMOND LA 70401
Marshall T Reynolds	director, 10 percent owner, officer: Chairman of the Board	2450 FIRST AVENUE, HUNTINGTON WV 25704
Glenda Baskin Glover	director	911 E. WINDING CREEK DRIVE, SUITE 150, EAGLE ID 83616
Gary A Simanson	director	717 KING STREET, ALEXANDRIA VA 22314
Lewis Alton B Jr	officer: Chief Executive Officer	400 EAST THOMAS STREET, HAMMOND LA 70401
Michael R. Sharp	officer: President and CLO	400 EAST THOMAS STREET, HAMMOND LA 70401
William K Hood	director	400 EAST THOMAS STREET, HAMMOND LA 70401
Eric Dosch	officer: SVP and CFO	2450 FIRST AVENUE, HUNTINGTON WV 25703
Michele E. Lobianco	officer: Chief Financial Officer	400 EAST THOMAS STREET, HAMMOND LA 70401
Loy F. Weaver	officer: Executive Vice President	400 EAST THOMAS STREET, HAMMOND LA 70401