Farmers and Merchants Bancshares (MD) (Farmers and Merchants Bancshares (MD)) Cash-to-Debt : 1.44 (As of Mar. 2024)

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What is Farmers and Merchants Bancshares (MD) 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. Farmers and Merchants Bancshares (MD)'s cash to debt ratio for the quarter that ended in Mar. 2024 was 1.44.

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, Farmers and Merchants Bancshares (MD) 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 Farmers and Merchants Bancshares (MD)'s Cash-to-Debt or its related term are showing as below:

FMFG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 1.17 Max: 2.44
Current: 1.44

During the past 8 years, Farmers and Merchants Bancshares (MD)'s highest Cash to Debt Ratio was 2.44. The lowest was 0.19. And the median was 1.17.

FMFG's Cash-to-Debt is ranked better than
53.69% of 1423 companies
in the Banks industry
Industry Median: 1.28 vs FMFG: 1.44

Farmers and Merchants Bancshares (MD) Cash-to-Debt Historical Data

The historical data trend for Farmers and Merchants Bancshares (MD)'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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Farmers and Merchants Bancshares (MD) Cash-to-Debt Chart

Farmers and Merchants Bancshares (MD) Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

1.17

0.19

2.44

Farmers and Merchants Bancshares (MD) Quarterly Data
	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.34	0.40	1.26	2.44	1.44

Competitive Comparison of Farmers and Merchants Bancshares (MD)'s Cash-to-Debt

For the Banks - Regional subindustry, Farmers and Merchants Bancshares (MD)'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.

Farmers and Merchants Bancshares (MD)'s Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Farmers and Merchants Bancshares (MD)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Farmers and Merchants Bancshares (MD)'s Cash-to-Debt falls into.

Farmers and Merchants Bancshares (MD) 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.

Farmers and Merchants Bancshares (MD)'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)
	=	44.504	/	(0	+	18.212)
	=	2.44

Farmers and Merchants Bancshares (MD)'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)
	=	25.475	/	(0	+	17.742)
	=	1.44

Farmers and Merchants Bancshares (MD) (OTCPK:FMFG) 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.

Farmers and Merchants Bancshares (MD) Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Farmers and Merchants Bancshares (MD)'s Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Farmers and Merchants Bancshares (MD) (Farmers and Merchants Bancshares (MD)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Farmers and Merchants Bancshares Inc (MD) (OTCPK:FMFG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

15226 Hanover Pike, Upperco, MD, USA, 21155

Website

http://www.farmersandmerchantsbk.com

Farmers and Merchants Bancshares Inc (MD) is an independent community bank, offering a broad range of financial services. The Bank operates five banking offices located in Northern Baltimore County and Carroll County, Maryland. It provides services of checking accounts, saving accounts, re-order checks and among others.