NWYF (Northway Financial) Cash-to-Debt : 0.44 (As of Dec. 2023)

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What is Northway 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. Northway Financial's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.44.

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, Northway Financial couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

NWYF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 1.34 Max: 7.95
Current: 0.44

During the past 13 years, Northway Financial's highest Cash to Debt Ratio was 7.95. The lowest was 0.27. And the median was 1.34.

NWYF's Cash-to-Debt is ranked worse than
76.84% of 1498 companies
in the Banks industry
Industry Median: 1.295 vs NWYF: 0.44

Northway Financial Cash-to-Debt Historical Data

The historical data trend for Northway 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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Northway Financial Cash-to-Debt Chart

Northway Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.75

7.95

4.55

0.27

0.44

Northway Financial Semi-Annual Data
	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec08	Dec09	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															3.75	7.95	4.55	0.27	0.44

Competitive Comparison of Northway Financial's Cash-to-Debt

For the Banks - Regional subindustry, Northway 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.

Northway Financial's Cash-to-Debt Distribution in the Banks Industry

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

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

Northway 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.

Northway Financial'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)
	=	64.637	/	(0	+	145.62)
	=	0.44

Northway Financial's Cash to Debt Ratio for the quarter 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)
	=	64.637	/	(0	+	145.62)
	=	0.44

Northway Financial (OTCPK:NWYF) 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.

Northway Financial Cash-to-Debt Related Terms

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Northway Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Northway Financial Inc (OTCPK:NWYF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3424 White Mountain Highway, North Conway, Conway, NH, USA, 03860

Website

https://www.northwaybank.com

Northway Financial Inc is a bank holding company. The bank is engaged in the business of attracting deposits from the public and investing those deposits in securities, commercial loans, real estate loans, and consumer loans. It provides various products and services such as Personal checking, Debit cards, Online banking, Mobile Banking, Mortgages, Business Loans, Credit cards, Personal insurance, investments, and other related services.

Executives

Jeffrey D Smith	officer: SVP-Chief Admin. Officer	2 ELM STREET / PO BOX 310, CAMDEN ME 04843
Fletcher W Adams	director
Stephen G Boucher	director
Richard P Orsillo	officer: SVP & Chief Financial Officer
Richard T Brunelle	officer: SVP Comm'l Loan Officer
William J Woodward	director, officer: Chairman, President & CEO
John H Noyes	director
Barry J Kelly	director
John A Gobel	officer: SVP/Senior Technology Officer	PO BOX 69, FRANKFORT ME 04438
Mark C Bechtold	officer: SVP/Sr HR Leadership Dev Off.	99 HYFIELD LANE, JEFFERSON NH 03583
John D Morris	director