SHFS (SHF Holdings) Cash-to-Debt : 0.46 (As of Sep. 2024)

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What is SHF Holdings 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. SHF Holdings's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.46.

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, SHF Holdings 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 SHF Holdings's Cash-to-Debt or its related term are showing as below:

SHFS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 0.58 Max: No Debt
Current: 0.46

During the past 4 years, SHF Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.33. And the median was 0.58.

SHFS's Cash-to-Debt is ranked worse than
76.13% of 1504 companies
in the Banks industry
Industry Median: 1.325 vs SHFS: 0.46

SHF Holdings Cash-to-Debt Historical Data

The historical data trend for SHF Holdings'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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SHF Holdings Cash-to-Debt Chart

SHF Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

8.18

0.33

SHF Holdings Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial										0.58	0.33	0.40	0.46	0.46

Competitive Comparison of SHF Holdings's Cash-to-Debt

For the Banks - Regional subindustry, SHF Holdings'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.

SHF Holdings's Cash-to-Debt Distribution in the Banks Industry

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

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

SHF Holdings 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.

SHF Holdings'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)
	=	4.907	/	(3.14	+	11.88)
	=	0.33

SHF Holdings'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)
	=	5.881	/	(3.265	+	9.417)
	=	0.46

SHF Holdings (NAS:SHFS) 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.

SHF Holdings Cash-to-Debt Related Terms

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SHF Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SHF Holdings Inc (NAS:SHFS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1526 Cole Boulevard, Suite 250, Golden, CO, USA, 80401

Website

https://www.shfinancial.org

SHF Holdings Inc is a financial services provider to cannabis-related businesses. It offers reliable access to banking solutions for cannabis, hemp, CBD, and ancillary operators, making communities safer, driving growth in local economies, and fostering long-term partnerships. The group, through its financial institution clients, implements accountability, transparency, monitoring, reporting, and risk mitigation measures while meeting Bank Secrecy Act obligations in line with FinCEN guidance on cannabis-related businesses. Its services include Program Management Support, Customer Generation, Ongoing Program Auditing, and Compliance Monitoring among others.

Executives

Doug Fagan	director	1526 COLE BLVD, SUITE 250, GOLDEN CO 80401
Sundie Seefried	officer: Chief Executive Officer	5269 W. 62ND AVENUE, ARVADA CO 80003
Dan Roda	officer: EVP / Chief Operating Officer	1526 COLE BLVD, SUITE 250, GOLDEN CO 80401
Jonathon Niehaus	director	5269 W. 62ND AVENUE, ARVADA CO 80003
Jonathan Summers	director	909 BANNOCK STREET, DENVER CO 80204
Donald Emmi	officer: Chief Legal Officer	5269 W. 62ND AVENUE, ARVADA CO 80003
Richard Carleton	director	5269 W. 62ND AVENUE, ARVADA CO 80003
John Darwin	director	909 BANNOCK STREET, DENVER CO 80204
Jennifer Meyers	director	5269 W. 62ND AVENUE, ARVADA CO 80003
Jim Dennedy	officer: Chief Financial Officer	5269 W. 62ND AVENUE, ARVADA CO 80003
Partner Colorado Credit Union	10 percent owner	6221 SHERIDAN BLVD, ARVADA CO 80003
Karl Racine	director	5269 W. 62ND AVENUE, ARVADA CO 80003
Tyler Beuerlein	officer: Chief Business Develop Officer	5269 W. 62ND AVENUE, ARVADA CO 80003
Midtown East Management Nl Llc	10 percent owner	ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10020
Atalaya Special Purpose Investment Fund Ii Lp	10 percent owner	C/O ATALAYA CAPITAL MANAGEMENT LP, ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10020