First Greenwich Financial (First Greenwich Financial) Cash-to-Debt : 1.12 (As of Sep. 2019)

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What is First Greenwich Financial 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 Greenwich Financial's cash to debt ratio for the quarter that ended in Sep. 2019 was 1.12.

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 Greenwich Financial could pay off its debt using the cash in hand for the quarter that ended in Sep. 2019.

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

FGFI's Cash-to-Debt is not ranked ^*
in the Banks industry.
Industry Median: 1.3
* Ranked among companies with meaningful Cash-to-Debt only.

First Greenwich Financial Cash-to-Debt Historical Data

The historical data trend for First Greenwich Financial'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 Greenwich Financial Cash-to-Debt Chart

First Greenwich Financial Annual Data

Trend

Cash-to-Debt

First Greenwich Financial Semi-Annual Data
	Sep19
Cash-to-Debt	1.12

Competitive Comparison of First Greenwich Financial's Cash-to-Debt

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

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

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

First Greenwich Financial 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 Greenwich Financial's Cash to Debt Ratio for the fiscal year that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

First Greenwich Financial's Cash to Debt Ratio for the quarter that ended in Sep. 2019 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)
	=	43.248	/	(0	+	38.8)
	=	1.11

First Greenwich Financial (OTCPK:FGFI) 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 Greenwich Financial Cash-to-Debt Related Terms

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First Greenwich Financial (First Greenwich Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Greenwich Financial Inc (OTCPK:FGFI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

444 East Putnam Avenue, Cos Cob, CT, USA, 06807

Website

https://www.greenwichfirst.com

First Greenwich Financial Inc is a United States-based company engaged in attracting deposits from the general public and investing those deposits in residential & commercial real estate loans and consumer & small business loans. It offers services including Certificate of Deposit, Checking, Courier Service, Online Banking, Retirement Accounts, and Lending services, among others.

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