MSBI (Midland States Bancorp) Cash-to-Debt : 0.24 (As of Sep. 2024)

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What is Midland States 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. Midland States Bancorp's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.24.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Midland States Bancorp couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Midland States Bancorp's Cash-to-Debt or its related term are showing as below:

MSBI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.53 Max: 2.08
Current: 0.27

During the past 14 years, Midland States Bancorp's highest Cash to Debt Ratio was 2.08. The lowest was 0.18. And the median was 0.53.

MSBI's Cash-to-Debt is ranked worse than
85.32% of 1505 companies
in the Banks industry
Industry Median: 1.35 vs MSBI: 0.27

Midland States Bancorp Cash-to-Debt Historical Data

The historical data trend for Midland States 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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Midland States Bancorp Cash-to-Debt Chart

Midland States Bancorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.35

1.50

0.26

0.22

0.27

Midland States Bancorp Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.22	0.48	0.18	0.24	0.27

Competitive Comparison of Midland States Bancorp's Cash-to-Debt

For the Banks - Regional subindustry, Midland States 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.

Midland States Bancorp's Cash-to-Debt Distribution in the Banks Industry

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

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

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Midland States 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.

Midland States 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)
	=	134.212	/	(184.865	+	419.546)
	=	0.22

Midland States Bancorp's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	121.22	/	(150	+	357.744)
	=	0.24

Midland States Bancorp (NAS:MSBI) 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.

Midland States Bancorp Cash-to-Debt Related Terms

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

Midland States Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Midland States Bancorp Inc (NAS:MSBI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

6HU:Germany

Address

1201 Network Centre Drive, Effingham, IL, USA, 62401

Website

https://www.midlandsb.com

Midland States Bancorp Inc is a diversified financial holding company. The company provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services. The Banking segment which generates the majority of the revenue, provides a wide range of financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products; commercial equipment financing etc. The Wealth Management segment consists of trust and fiduciary services, brokerage and retirement planning services. The Other segment includes the operating results of the parent company.

Executives

Jeffrey C. Smith	director	MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Donald J. Spring	officer: Chief Accounting Officer	1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Robert F. Schultz	director	MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Jeffrey G. Ludwig	officer: EVP & CFO	MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Jeffrey M Mcdonnell	director	1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Douglas J. Tucker	officer: SVP Corporate Counsel	MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Richard Dean Bingham	director	1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Jeffrey S. Mefford	officer: EVP-Banking, Midland States Bank	MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Eric Lemke	officer: Chief Financial Officer	1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Jerry L. Mcdaniel	director	1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Sherina M. Edwards	director	1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Jeffrey A. Brunoehler	officer: SVP Credit - CCO, Midland States Bank	MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
John M Schultz	director	MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Leon J Holschbach	director, officer: CEO	C/O MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Stephen A. Erickson	officer: Chief Financial Officer	1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401