PRMY (Primary Bk) Cash-to-Debt : 45.19 (As of Dec. 2023)

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What is Primary Bk 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. Primary Bk's cash to debt ratio for the quarter that ended in Dec. 2023 was 45.19.

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, Primary Bk could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

PRMY' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.54 Med: 47.85 Max: 116.25
Current: 45.19

During the past 5 years, Primary Bk's highest Cash to Debt Ratio was 116.25. The lowest was 5.54. And the median was 47.85.

PRMY's Cash-to-Debt is ranked better than
92.06% of 1498 companies
in the Banks industry
Industry Median: 1.295 vs PRMY: 45.19

Primary Bk Cash-to-Debt Historical Data

The historical data trend for Primary Bk'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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Primary Bk Cash-to-Debt Chart

Primary Bk Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

47.85

116.25

76.28

5.54

45.19

Primary Bk Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	47.85	116.25	76.28	5.54	45.19

Competitive Comparison of Primary Bk's Cash-to-Debt

For the Banks - Regional subindustry, Primary Bk'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.

Primary Bk's Cash-to-Debt Distribution in the Banks Industry

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

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

Primary Bk 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.

Primary Bk'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)
	=	91.327	/	(0	+	2.021)
	=	45.19

Primary Bk'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)
	=	91.327	/	(0	+	2.021)
	=	45.19

Primary Bk (OTCPK:PRMY) 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.

Primary Bk Cash-to-Debt Related Terms

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Primary Bk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Primary Bk (OTCPK:PRMY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

207 Route 101, Bedford, NH, USA, 03110

Website

https://www.primarybanknh.com

Primary Bk is banking service provider. The services offered by the company include online banking, mobile banking, remote deposit, cash management, and credit cards.

Primary Bk Headlines

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