QNB (QNBC) Cash-to-Debt : 1.13 (As of Sep. 2024)

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What is QNB 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. QNB's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.13.

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, QNB could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

QNBC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.5 Max: 3.93
Current: 1.13

During the past 13 years, QNB's highest Cash to Debt Ratio was 3.93. The lowest was 0.09. And the median was 0.50.

QNBC's Cash-to-Debt is ranked worse than
54.64% of 1499 companies
in the Banks industry
Industry Median: 1.29 vs QNBC: 1.13

QNB Cash-to-Debt Historical Data

The historical data trend for QNB'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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QNB Cash-to-Debt Chart

QNB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.32

3.93

1.34

0.09

0.55

QNB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.47	0.55	0.68	0.97	1.13

Competitive Comparison of QNB's Cash-to-Debt

For the Banks - Regional subindustry, QNB'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.

QNB's Cash-to-Debt Distribution in the Banks Industry

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

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

QNB 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.

QNB'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)
	=	62.657	/	(94.094	+	20)
	=	0.55

QNB'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)
	=	104.232	/	(22.918	+	69.03)
	=	1.13

QNB (OTCPK:QNBC) 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.

QNB Cash-to-Debt Related Terms

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

QNB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » QNB Corp (OTCPK:QNBC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 North Third Street, P.O. Box 9005, Quakertown, PA, USA, 18951-9005

Website

https://www.qnbbank.com

QNB Corp is a bank holding company based in the United States. It operates through its wholly-owned subsidiary, QNB Bank which engages in the general commercial banking business and offering a full range of banking services to its customers. Its business activities involve attracting deposits and using funds in making commercial loans, residential mortgage loans, consumer loans, and purchasing investment securities. The loan portfolio includes commercial loans, such as commercial and industrial, construction, and loans secured by commercial real estate and residential real estate, and retail loans, including home equity loans and lines, and consumer loans. It generates revenue from net interest income.

Executives

Jennifer L Mann	director	P. O. BOX 9005, QUAKERTOWN PA 18951
Randy S. Bimes	director	P.O. BOX 9005, QUAKERTOWN PA 18951-9005
Laurie Bergman	director	460 NORTH GULPH ROAD, KING OF PRUSSIA PA 19406
Ranajoy Ray-chaudhuri	director	PO BOX 9005, QUAKERTOWN PA 18951-9005
Brown Kenneth F Jr	director	P.O. BOX 9005, QUAKERTOWN PA 18951
Autumn R Bayles	director	QNB CORP, P.O. BOX 9005, QUAKERTOWN PA 18951
W Randall Stauffer	director	P.O. BOX 9005, QUAKERTOWN PA 18951
Scott R Stevenson	director	P.O. BOX 9005, QUAKERTOWN PA 18951
Dennis Helf	director	P.O. BOX 9005, QUAKERTOWN PA 18951
Thomas J Bisko	director, officer: President/CEO	P.O. BOX 9005, QUAKERTOWN PA 18951
Covelens Courtney Lee	officer: EVP, Chief Retail Officer	PO BOX 9005, QUAKERTOWN PA 18951-9005
Christina S Mcdonald	officer: EVP, Marketing	523 KINGSTON ROAD, ORELAND PA 19075
Jeffrey Lehocky	officer: EVP, Chief Financial Officer	15 NORTH THIRD STREET, P.O. BOX 9005, QUAKERTOWN PA 18951-9005
Mary Elizabeth Liddle	officer: SVP Chief Acc Off, acting CFO	P.O. BOX 9005, QUAKERTOWN PA 18951-8005
David W. Freeman	officer: President/COO	P.O. BOX 9005, QUAKERTOWN PA 18951