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Finward BancorpFNWD +0.13%54 Cash-to-Debt is 2.38 as of Mar. 2026, which is 1% below its 10-year median of 2.40. GuruFocus rates FNWD with a GF Score™ of 54/100 and a GF Value™ of $28.71 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,484 Banks companies, Finward Bancorp ranks better than 51.28% on this metric.
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. Finward Bancorp's cash to debt ratio for the quarter that ended in Mar. 2026 was 2.38.
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, Finward Bancorpcould pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Finward Bancorp's Cash-to-Debt or its related term are showing as below:
FNWD'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 2.4 Max: 10882.6
Current: 1.44
During the past 13 years, Finward Bancorp's highest Cash to Debt Ratio was 10882.60. The lowest was 0.28. And the median was 2.40.
FNWD's Cash-to-Debt is ranked better than 51.28% of 1484
companies
in the Banks industry
Industry Median: 1.38
vs FNWD: 1.44
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.
Finward Bancorp Cash-to-Debt Related Terms
Finward Bancorp Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Finward 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.
For the Banks - Regional subindustry, Finward 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.
Finward Bancorp Cash-to-Debt vs Banks Industry
For the Banks industry and Financial Services sector, Finward Bancorp's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Finward Bancorp's Cash-to-Debt falls into.
* 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.
Finward Bancorp (FNWD) has a Cash-to-Debt of 2.38 as of Mar. 2026. This is near median its historical median of 2.40. Over the past decade, Finward Bancorp's Cash-to-Debt has ranged from 0.28 to 10,882.60. According to the industry distribution chart, Finward Bancorp ranks #723 out of 1484 companies in the Banks industry, placing it in the top 48.7%.
Is Finward Bancorp's Cash-to-Debt too high?
Finward Bancorp's current Cash-to-Debt of 2.38 is near median its 10-year median of 2.40. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 10,882.60. The Banks industry median Cash-to-Debt is 1.38. Finward Bancorp's value of 2.38 is 72.5% above this industry median. Based on the distribution chart, Finward Bancorp ranks #723 out of 1484 companies in the Banks industry, which is above the industry midpoint. Overall, Finward Bancorp has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Finward Bancorp's Cash-to-Debt compare to SABK and RBKB?
According to the Banks industry distribution chart, Finward Bancorp ranks #723 out of 1484 companies for Cash-to-Debt. This puts Finward Bancorp in the upper half of its industry. The industry median Cash-to-Debt is 1.38. Finward Bancorp's value of 2.38 is 72.5% above this benchmark. Historically, Finward Bancorp's own Cash-to-Debt has ranged from 0.28 to 10,882.60 over the past decade. While the company's 10-year median is 2.40 vs. the industry median of 1.38, Finward Bancorp has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Banks company?
The median Cash-to-Debt among Banks companies is 1.38, based on 1,484 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Finward Bancorp's current Cash-to-Debt of 2.38 is 72.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Banks industry, the median Cash-to-Debt is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Finward Bancorp's current Cash-to-Debt is 2.38, which is near median its own 10-year median of 2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finward Bancorp stock overvalued right now?
Based on GuruFocus' analysis, Finward Bancorp (FNWD) is currently considered Significantly Overvalued. The stock's GF Value™ is $28.71, compared to a current price of $45.60 — trading 58.8% above its estimated fair value. The current Cash-to-Debt is 2.38, which is near median its 10-year median of 2.40 and 72.5% above the Banks industry median of 1.38. Finward Bancorp's overall GF Score™ is 54/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Finward Bancorp (FNWD), the current Cash-to-Debt is 2.38 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Finward Bancorp (FNWD) Overvalued in 2026?
Based on GuruFocus' analysis, Finward Bancorp stock appears to be overvalued.
The current stock price of $45.60 is trading 58.8% above its estimated GF Value™ of $28.71.
GuruFocus considers Finward Bancorp to be Significantly Overvalued.
Key valuation signals for FNWD:
Cash-to-Debt: 2.38 (near median its 10-year median of 2.40)
GF Value™: $28.71 vs. price of $45.60 (58.8% above fair value)
Industry Position: 72.5% above the Banks median (#723 of 1484)
No single metric tells the full story. See the FNWD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Finward Bancorp is a bank holding company that engages in the provision of financial services. It offers products and services related to Personal Banking, Cash Management, Savings Account, ebanking, Wealth Management, and Insurance Services. It is engaged in the business of attracting deposits from the general public and the origination of loans, mostly upon the security of single-family residences and commercial real estate, construction loans, commercial business loans, and municipal loans. Geographically, the activities are carried out throughout the United States. The Company operates as a single reportable segment that derives its revenue mainly from the business of banking.
54GF Score
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